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Yeong-Long to manufacture Maxwell ultracaps in China

Posted: 03 Mar 2003 ?? ?Print Version ?Bookmark and Share

Keywords:Maxwell? Yeong-Long? BOOSTCAP? ultracapacitor?

Maxwell Technologies Inc. has formed an alliance with Yeong-Long Technologies Co. Ltd to manufacture and market its proprietary BOOSTCAP ultracapacitor products in China. Yeong-Long, a privately held manufacturer of electrolytic capacitors, is headquartered in Taichung, Taiwan and maintains manufacturing and sales operations in mainland China.

In addition to the license, Maxwell will assist Yeong-Long establish manufacturing lines in China and train their manufacturing and marketing personnel. Maxwell will also supply Yeong-Long with its proprietary electrode material to make ultracapacitor cells. Under the terms of the agreement, Maxwell will receive payments for its services and for the supply of electrode material as well as royalties on Yeong-Long's ultracapacitor sales.

Maxwell is scheduled to begin purchasing finished ultracapacitors from Yeong-Long in 2004, which will supplement its internal production capacity.

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