Maxwell Technologies hybrid energy storage product in the works.Maxwell Partners With Chinese Firm: Maxwell Technologies Maxwell Technologies is a developer and manufacturer of energy storage and power delivery-related products. History The company was founded in 1965 as Maxwell Laboratories, originally as a government contractor, providing advanced physics, pulsed power, space effects Inc., the San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. developer and maker of industrial power storage devices, said it is working with one of China's largest rechargeable battery A rechargeable battery, also known as a storage battery, is a group of two or more secondary cells. These batteries can be restored to full charge by the application of electrical energy. makers to create a new hybrid energy storage device. The deal, with Tianjin Lishen Battery Joint Stock Co. Ltd., will incorporate the companies' respective ultracapacitor and ion battery technologies. Tianjin is a supplier of lithium ion A rechargeable battery technology introduced in 1991 that provides greater charge per pound than nickel metal hydride. In 1993, Toshiba introduced the first notebook in the U.S. with a Li-ion battery. batteries used by some of the biggest manufacturers of cell phones in the world, including Motorola and Samsung, as well as batteries used by large consumer electronic manufacturers such as those used in mobile music players made by Apple. Last year, the company had about $200 million in sales. Maxwell didn't say when the new battery would be produced, or how much the product would generate in revenue. Traded on the Nasdaq under MXWL, shares closed Nov. 19 at $9.31 and have ranged from $8.62 to $16.50 over the past 52 weeks. Send any news of locally based public companies to Mike Allen Al·len , Edgar 1892-1943. American anatomist who is noted for his studies of hormones and for the discovery (1923) of estrogen. via e-mail at mallen@sdbj, com. He can be reached at (858) 277-6359. |
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