Maxwell Announces Participation in the 20th Annual Needham Growth Conference
SAN DIEGO, Jan. 8, 2018 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL) announced today that Dr. Franz Fink, President and Chief Executive Officer, will present at the 20th Annual Needham Growth Conference to be held at the Lotte New York Palace Hotel in New York, New York. The presentation is scheduled to take place on Wednesday, January 17 beginning at approximately 10:00 a.m. Eastern Time.
Maxwell Reports Third Quarter 2017 Results
SAN DIEGO, Nov. 8, 2017 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL) today reported financial results for the three months ended September 30, 2017. Total revenues for the third quarter of 2017 were $35.8 million, compared with $37.1 million for the second quarter of 2017 and $25.5 million for the prior year quarter. Net loss for the third quarter of 2017 was $13.9 million, compared with a net loss of $10.1 million for the second quarter of 2017 and a net loss of $6.9 million for the prior year quarter. The Company reported $(2.1) million of adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) for the third quarter of 2017, compared with $(1.8) million for the second quarter of 2017 and $(2.3) million for the prior year quarter. Non-GAAP net loss for the third quarter of 2017 was $4.9 million, compared with a non-GAAP net loss of $5.5 million for the second quarter of 2017 and $5.6 million for the prior year quarter. Non-GAAP financial measures are described and defined later in this release.
How Do We Stabilize The Grid With Higher Penetration Of Renewables?
The energy industry is in the process of understanding the full scope of renewable energy on the grid.
As more renewables are added onto the grid, the stability of the grid is generally decreasing. This is because the continuously rotating mass connected to the grid (turbines and generators on the production end) inherently stabilizes grid frequency. When those systems are taken offline and replaced by renewable energy systems, frequency stabilization becomes an increasing challenge.
A Hybrid Approach to Energy Storage
Although it is common to find supercapacitors in many power-electronics devices, hybrid energy storage technology could increase the commercial adoption of supercapacitors in grid-scale solutions.
Perspectives On Energy Storage: The Rise Of Ultracapacitors Over Conventional Methods
The energy landscape is changing.
Applications in transportation, the grid, and heavy industrial equipment industries—to name just a few—are becoming more energy-demanding, and more stringent environmental regulations are being implemented in countries worldwide. There is a global effort underway to achieve energy-efficiency and a smaller carbon footprint on our planet.
Are Ultracapacitors the Next Big Thing in Backup Generator Starting?
Service providers have said that approximately 80 percent of genset failures-to-start can be attributed to battery system failure. After several decades the genset industry is embarking on a new trend toward ultracapacitor-based starting systems.
Maxwell Announces Full $6.0 Million Exercise of Convertible Notes Over-Allotment Option
SAN DIEGO, Oct. 12, 2017 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL) ("Maxwell"), a leading developer and manufacturer of capacitor energy storage and power delivery solutions, announced the sale of an additional $6.0 million in aggregate principal amount of its 5.50% convertible senior notes due 2022 (the "additional notes") in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), pursuant to the initial purchaser's exercise of their option to purchase additional notes. The sale of the additional notes settled on October 11, 2017 and the additional notes were sold on the same terms in all respects as the 5.50% convertible senior notes due 2022 previously issued on September 25, 2017 (the "base notes" and, together with the additional notes, the "notes"). Maxwell has issued a total of $46.0 million aggregate principal amount of the notes.
Why The World Needs ULTRACAPACITORS
Ultracapacitors are becoming more and more relevant in energy storage systems from automobiles to wind turbines. My guest, Marty Mills from Maxwell Technologies shares some information about ultracapacitor application, technology and technical data you can use in your own ultra cap projects.
Maxwell Announces Pricing of $40 Million of 5.50% Convertible Senior Notes Due 2022
SAN DIEGO, Sept. 20, 2017 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL) ("Maxwell"), a leading developer and manufacturer of capacitor energy storage and power delivery solutions, today announced the pricing of its offering of $40 million aggregate principal amount of 5.50% Convertible Senior Notes due 2022 (the "notes") in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Maxwell also granted to the initial purchaser of the notes a 30-day option to purchase up to an additional $6.0 million aggregate principal amount of the notes. The sale of the notes to the initial purchaser is expected to settle on September 25, 2017, subject to customary closing conditions, and is expected to result in approximately $37.4 million in net proceeds to Maxwell after deducting fees and estimated offering expenses payable by Maxwell (assuming no exercise of the initial purchaser's option to purchase additional notes).
Gallery: Technical highlights of the Electric & Hybrid Vehicle Technology Expo
Automotive Safety Integrity Level (ASIL) is a risk classification scheme defined by a standard called ISO 26262 – Functional Safety for Road Vehicles. The two lowest-level ASIL standards, A and B, require that vehicles store energy using at least two different technologies. That requirement has proven to be a boon for ultracapacitor technology which may be able to serve as one of the storage methods.