Maxwell Technologies (MXWL) Announces Strategic Alliance with ISE Corporation
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Maxwell Technologies (Nasdaq: MXWL) and ISE Corporation have signed a Memorandum of Understanding (MOU) outlining the formation of a strategic alliance to develop and market high-voltage energy storage systems for fuel-efficient, low-emission, hybrid-electric buses and trucks.
Principal elements of the proposed strategic alliance include:
Agreement to collaborate for the purposes of developing robust, high-performance, energy storage solutions for the heavy-duty 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.
Maxwell Technologies, Inc. (Maxwell) develops, manufactures and markets energy storage and power delivery products for transportation, industrial telecommunications and other applications and microelectronic products for space and satellite applications. [SM]
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