Maxwell Tech. (MXWL) and ISE Corp. Form Strategic Alliance to Develop and Market High-Voltage Energy Storage Systems for Hybrid Buses, Trucks
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Maxwell Technologies (Nasdaq: MXWL) and ISE Corporation have signed a Memorandum of Understanding outlining formation of a strategic alliance to develop and market high-voltage energy storage systems for fuel-efficient, low-emission, hybrid buses and trucks.
Principal elements of the proposed strategic alliance include:
- Agreement to share the companies' technical resources to develop robust, high-performance, energy storage solutions for the heavy transportation market;
- ISE's agreement to source ultracapacitor cells exclusively from Maxwell, and
- Maxwell's agreement to source and market through its sales and distribution channels certain high-voltage and high performance ultracapacitor modules designed and produced by ISE.
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