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Maxwell licenses ultracapacitor tech to SEUP

Posted: 26 Apr 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Maxwell Technologies? Shanghai Urban Electric Power Investment Development? SUEP? ultracapacitor?

Maxwell Technologies Inc. has signed a contract licensing Shanghai Urban Electric Power Investment Development Corp. (SUEP) to manufacture and market ultracapacitor products based on Maxwell's proprietary large-cell and multi-cell module technology under its own brand in mainland China.

The contract, which also obligates SUEP to source ultracapacitor electrode material exclusively from Maxwell, has a six-year term, renewable by mutual agreement.

Maxwell President and CEO Richard Balanson said that while the company is targeting the Chinese market with its own BOOSTCAP ultracapacitor products, the alliance with SUEP is expected to accelerate the penetration of large-cell ultracapacitor products into the rapidly growing Chinese market and generate significant sales of Maxwell's proprietary electrode material.

"SUEP's financial resources and its network of affiliated power utility and manufacturing companies and distribution channels will enable it to expand ultracapacitor sales into the Chinese industrial and transportation markets more broadly and rapidly than Maxwell can on its own," said Balanson in a statement.

Maxwell will provide training for San Jiu personnel in cell and module assembly both at Maxwell's manufacturing facility in San Diego, and at San Jiu's new plant in Shanghai. Balanson emphasized that Maxwell will continue to manufacture its proprietary ultracapacitor electrode material internally, and that the licenses and technology transfer arrangements with SUEP and San Jiu specifically exclude Maxwell's carbon film electrode technology.

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