Maxwell Technologies to Design and Produce Ultracapacitors for Advanced Engineering Hybrid Drive Train Program

Ultracapacitors' Rapid Charge/Discharge Capabilities Boost Acceleration and

Increase Braking Energy Recuperation Efficiency, Reducing Fuel Consumption

and Emissions



Sep 10, 2007, 01:00 ET from Maxwell Technologies, Inc.

    SAN DIEGO, Sept. 10 /PRNewswire-FirstCall/ -- Maxwell Technologies,
 Inc. (Nasdaq:   MXWL) announced today that it has been awarded a contract by
 Mercedes Car Group to design and produce ultracapacitors for an advanced
 engineering hybrid-electric drive train program incorporating a braking
 energy recuperation system that enables it to increase fuel efficiency and
 reduce emissions.
     David Schramm, Maxwell's president and chief executive officer, said
 that the contract provides for funding from Mercedes to develop a new
 BOOSTCAP(R) ultracapacitor cell specifically designed to meet the energy
 storage and power delivery requirements of one of Mercedes' torque assist
 and recuperative braking systems.
     "Mercedes-Benz is a global automotive technology leader, so working
 more closely with its research and development organization will give us
 the opportunity to demonstrate Maxwell's capabilities as a supplier for
 future series production programs," Schramm said.
     Schramm said that Maxwell also is working with automotive and heavy
 transportation OEMs as well as leading Tier 1 suppliers worldwide to design
 and develop ultracapacitor-based energy storage and power delivery
 solutions for electrical subsystem applications, such as enhanced starting
 and power network net stabilization, and for numerous fuel-efficient,
 low-emission, hybrid drive train configurations.
     "We continue to focus on establishing Maxwell as the leading and
 lowest-cost producer of ultracapacitor products and aligning ourselves with
 innovative OEMs and system integrators to achieve the broadest possible
 penetration of these key strategic markets," Schramm said.
     Maxwell is a leading developer and manufacturer of innovative,
 cost-effective energy storage and power delivery solutions. Our BOOSTCAP(R)
 ultracapacitor cells and multi-cell modules provide safe and reliable power
 solutions for applications in consumer and industrial electronics,
 transportation and telecommunications. Our CONDIS(R) high-voltage grading
 and coupling capacitors help to ensure the safety and reliability of
 electric utility infrastructure and other applications involving transport,
 distribution and measurement of high-voltage electrical energy. Our
 radiation- mitigated microelectronic products include power modules, memory
 modules and single board computers that incorporate powerful commercial
 silicon for superior performance and high reliability in aerospace
 applications. For more information, please visit our website:
 http://www.maxwell.com.
     Forward-Looking Statements: Statements in this news release that are
 "forward-looking statements" are based on current expectations and
 assumptions that are subject to risks and uncertainties. Actual results
 could differ materially because of factors such as:
     -- development and acceptance of products based on new technologies;
     -- demand for original equipment manufacturers' products reaching
        anticipated levels;
     -- general economic conditions in the markets served by the company's
        products;
     -- cost-effective manufacturing of new products;
     -- the impact of competitive products and pricing;
     -- risks and uncertainties involved in foreign operations, including the
        impact of currency fluctuations.
     For further information regarding risks and uncertainties associated
 with Maxwell's business, please refer to the "Management's Discussion and
 Analysis of Financial Condition and Results of Operations" and "Risk
 Factors" sections of our SEC filings, including, but not limited to, our
 annual report on Form 10-K and quarterly reports on Form 10-Q, copies of
 which may be obtained electronically at our investor relations website at
 http://www.maxwell.com/investors/sec-filing.asp, or by contacting Maxwell's
 investor relations department at +1 (858) 503-3434.
     All information in this release is as of September 10, 2007. The
 company undertakes no duty to update any forward-looking statement to
 conform the statement to actual results or changes in the company's
 expectations.
 
 

SOURCE Maxwell Technologies, Inc.
    SAN DIEGO, Sept. 10 /PRNewswire-FirstCall/ -- Maxwell Technologies,
 Inc. (Nasdaq:   MXWL) announced today that it has been awarded a contract by
 Mercedes Car Group to design and produce ultracapacitors for an advanced
 engineering hybrid-electric drive train program incorporating a braking
 energy recuperation system that enables it to increase fuel efficiency and
 reduce emissions.
     David Schramm, Maxwell's president and chief executive officer, said
 that the contract provides for funding from Mercedes to develop a new
 BOOSTCAP(R) ultracapacitor cell specifically designed to meet the energy
 storage and power delivery requirements of one of Mercedes' torque assist
 and recuperative braking systems.
     "Mercedes-Benz is a global automotive technology leader, so working
 more closely with its research and development organization will give us
 the opportunity to demonstrate Maxwell's capabilities as a supplier for
 future series production programs," Schramm said.
     Schramm said that Maxwell also is working with automotive and heavy
 transportation OEMs as well as leading Tier 1 suppliers worldwide to design
 and develop ultracapacitor-based energy storage and power delivery
 solutions for electrical subsystem applications, such as enhanced starting
 and power network net stabilization, and for numerous fuel-efficient,
 low-emission, hybrid drive train configurations.
     "We continue to focus on establishing Maxwell as the leading and
 lowest-cost producer of ultracapacitor products and aligning ourselves with
 innovative OEMs and system integrators to achieve the broadest possible
 penetration of these key strategic markets," Schramm said.
     Maxwell is a leading developer and manufacturer of innovative,
 cost-effective energy storage and power delivery solutions. Our BOOSTCAP(R)
 ultracapacitor cells and multi-cell modules provide safe and reliable power
 solutions for applications in consumer and industrial electronics,
 transportation and telecommunications. Our CONDIS(R) high-voltage grading
 and coupling capacitors help to ensure the safety and reliability of
 electric utility infrastructure and other applications involving transport,
 distribution and measurement of high-voltage electrical energy. Our
 radiation- mitigated microelectronic products include power modules, memory
 modules and single board computers that incorporate powerful commercial
 silicon for superior performance and high reliability in aerospace
 applications. For more information, please visit our website:
 http://www.maxwell.com.
     Forward-Looking Statements: Statements in this news release that are
 "forward-looking statements" are based on current expectations and
 assumptions that are subject to risks and uncertainties. Actual results
 could differ materially because of factors such as:
     -- development and acceptance of products based on new technologies;
     -- demand for original equipment manufacturers' products reaching
        anticipated levels;
     -- general economic conditions in the markets served by the company's
        products;
     -- cost-effective manufacturing of new products;
     -- the impact of competitive products and pricing;
     -- risks and uncertainties involved in foreign operations, including the
        impact of currency fluctuations.
     For further information regarding risks and uncertainties associated
 with Maxwell's business, please refer to the "Management's Discussion and
 Analysis of Financial Condition and Results of Operations" and "Risk
 Factors" sections of our SEC filings, including, but not limited to, our
 annual report on Form 10-K and quarterly reports on Form 10-Q, copies of
 which may be obtained electronically at our investor relations website at
 http://www.maxwell.com/investors/sec-filing.asp, or by contacting Maxwell's
 investor relations department at +1 (858) 503-3434.
     All information in this release is as of September 10, 2007. The
 company undertakes no duty to update any forward-looking statement to
 conform the statement to actual results or changes in the company's
 expectations.
 
 SOURCE Maxwell Technologies, Inc.