SAN
DIEGO, Nov. 6,
2014 /PRNewswire/ -- Maxwell Technologies, Inc.
(Nasdaq: MXWL) announced today that it has been awarded a
$2.68 million cost-shared technology
development contract by the United States Advanced Battery
Consortium LLC (USABC) to develop a high-performance hybrid
ultracapacitor/lithium-ion battery for stop-start idle-elimination
microhybrid autos.
USABC is a subsidiary of the United States Council
for Automotive Research LLC (USCAR), the collaborative automotive
technology organization for Chrysler Group LLC, Ford Motor Company
and General Motors. With funding provided by the U.S. Department of
Energy, USABC's mission is to develop electrochemical energy
storage technologies that support commercialization of electric,
hybrid-electric and fuel cell vehicles.
Maxwell, which will provide 51 percent of the
program funding, is tasked with demonstrating the technological and
economic feasibility of a 12-volt hybrid energy storage system
consisting of lithium-ion batteries and Maxwell ultracapacitors
that can meet stop-start auto performance specifications
established by USABC. Of particular interest are ultracapacitors'
high power density, long operational lifetime, low-temperature
performance and influence on battery performance and
lifetime.
Unlike batteries, which produce and store energy by
means of a chemical reaction, ultracapacitors store energy in an
electric field. This electrostatic energy storage mechanism enables
ultracapacitors to charge and discharge in as little as fractions
of a second, perform normally over a broad temperature range (-40°C
to +65°C), operate reliably through one million or more
charge/discharge cycles and resist shock and
vibration.
"High-performance, low-cost energy storage systems
will be instrumental in meeting growing worldwide demand for more
fuel-efficient, lower-emission vehicles," said Dr. Franz Fink, Maxwell's president and chief
executive officer. "The hybrid battery this program aims to create
could be instrumental in strengthening U.S. automakers' competitive
position within a global auto industry that annually produces more
than 60 million cars."
Additional Maxwell Technologies
information:
- Maxwell Technologies on Twitter:
https://twitter.com/Maxwell_Tech
- Maxwell Technologies on Facebook:
http://on.fb.me/10e2nPA
- Maxwell Technologies on LinkedIn:
http://linkd.in/Z4737Y
- Maxwell Technologies on Google+:
https://plus.google.com/+MaxwellTech/
- More information on ultracapacitors:
http://www.maxwell.com/ultracapacitors
About Maxwell: Maxwell is a global leader in
the development and manufacture of innovative, cost-effective
energy storage and power delivery solutions. Our ultracapacitor
products provide safe and reliable power solutions for applications
in consumer and industrial electronics, transportation and
telecommunications. Our 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: www.maxwell.com.
About USABC: USABC is a subsidiary of USCAR.
Enabled by a cooperative agreement with the U.S. Department of
Energy, USABC's mission is to develop electrochemical energy
storage technologies that support commercialization of electric,
hybrid electric and fuel cell vehicles.
About USCAR: Founded in 1992, USCAR is the
collaborative automotive technology organization for Chrysler Group
LLC, Ford Motor Company and General Motors. The goal of USCAR is to
further strengthen the technology base of the domestic auto
industry through cooperative research and development. For more
information, visit USCAR's website at
www.uscar.org.
About DOE: The U.S. Department of Energy's
overarching mission is to advance the national, economic and energy
security of the United States.
DOE's Vehicle Technologies Program works with industry academia and
national laboratories to develop advanced transportation
technologies that reduce the nation's use of imported oil and
increase our energy security. Electrochemical energy storage has
been identified as a critical enabling technology for advanced,
fuel-efficient, light and heavy duty vehicles.
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USABC
Contacts: Susan Bairley:
+1 (248) 223-9023; sbairley@uscar.org
Stacey Boyle: +1 (248) 223-9002;
sboyle@uscar.org
Maxwell
Technologies Contacts: Media: Sylvie Tse, Metis Communications: +1
(617) 236-0500; maxwell@metiscomm.com Investor: Michael Sund: +1 (858) 503-3233;
msund@maxwell.com
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SOURCE Maxwell Technologies, Inc.