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Maxwell Technologies (MXWL) and Pana-Pacific Enter Agreement to Distribute Its New Ultracapacitor-Based Engine Start Module

January 24, 2012 7:05 AM EST
MXWL Hot Sheet
Overall Analyst Rating:
    BUY (Down Down)

EPS Growth %: +100.0%
Maxwell Technologies, Inc. (Nasdaq: MXWL) announced today it has entered into a one-year agreement with Pana-Pacific, a preferred integrator and engineering partner in the commercial vehicle market, to distribute Maxwell's new ultracapacitor-based Engine Start Module (ESM) in the United States, Canada and Mexico. As a result of the agreement, the ESM is now available through all original equipment manufacturer (OEM) after-market truck dealerships, including Freightliner, International, Kenworth, Mack Trucks, Peterbilt, Volvo and Western Star Trucks.

"Pana-Pacific has a long history and great reputation as an integrator in the commercial vehicle market and we're very pleased to be working with them to make our new Engine Start Module widely available to owner operators and fleets," said Van Andrews, Maxwell's senior vice president, sales and marketing. "Through the agreement, buyers are now able to walk into any heavy-duty truck dealership in the U.S., Canada or Mexico and get the Engine Start Module right off the shelf or order it."


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