Maxwell Technologies

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Maxwell Technologies
Corporation
Traded asNASDAQMXWL
Russell 2000 Component
IndustryEnergy storage
Founded1965; 54 years ago (1965)
Headquarters3888 Calle Fortunada, San Diego, California, US
Key people
Franz Fink, President and CEO
ProductsUltracapacitors
High-voltage capacitors
Engine Start Module (ESM)
Backup power systems
Power modules
OwnerTesla
Number of employees
492
Websitemaxwell.com

Maxwell Technologies is an American developer and manufacturer headquartered in San Diego, California. The company focuses on developing and manufacturing energy storage and power delivery solution-related products for automotive, heavy transportation, renewable energy, backup power, wireless communications and industrial and consumer electronics applications.[1] On May 15th 2019, Tesla aquired Maxwell Technologies.[2]

History[edit]

The company was founded in 1965 as Maxwell Laboratories Inc. by Raymond C. O'Rourke, Alan Kolb, Bruce Hayworth, and Terrence C. Gooding in San Diego, California. Maxwell Laboratories was originally a government contractor, providing advanced physics, pulsed power, space effects analysis and other research and development services to the U.S. military and other government agencies. The company began converting its focus to commercial applications for its technologies and products in the early 1990s, and now generates all of its revenue from commercial sources.[3] In 1996, Maxwell Laboratories, Inc. changed its name to Maxwell Technologies, Inc.[4]

Maxwell Energy Products, a division that included the Maxwell High Voltage Capacitor product line, was acquired in March 2000 by General Atomics, eventually merging into General Atomics Electronic Systems, Inc. in 2003.

In 2007, Maxwell Technologies won $3 million contract from Astrium Satellites to supply computers for European Space Agency’s ‘Gaia’ Astronomy mission. Maxwell supplied seven Maxwell SCS750 SBCs to process images and data gathered by the satellite’s camera.[5]

In November 2013, Maxwell Technologies opened manufacturing facility in Peoria, Arizona.[6]

In December 2013, Maxwell Technologies signed a memorandum of understanding (MOU) with SK Innovation to develop the next generation energy storage solution with Maxwell’s ultracapacitors and SK’s lithium-ion batteries.[7]

In April 2016, Maxwell completed its sale of the Microelectronics product line to Data Device Corporation.[8]

In April 2017, Maxwell Technologies completed the acquisition of the Nesscap Energy Business.[9]

In February 2019, Tesla announced that it plans to acquire Maxwell Technologies.[10][11][12]

On May 15th 2019, Tesla aquired Maxwell Technologies.[13]

References[edit]

  1. ^ [1]“About Maxwell Technologies” website, accessed 5 February 2014
  2. ^ [2]"UPDATE: Tesla Officially Acquires Maxwell Technologies"
  3. ^ [3] “Dr. Alan C. Kolb, 77; co-founded Maxwell Labs in San Diego” U-T San Diego, accessed 5 February 2014
  4. ^ [4]“Business Summary”, Yahoo Finance – Maxwell Technologies (MXWL), accessed 5 February 2014
  5. ^ [5] “Maxwell Technologies Wins $3 Million Contract From Astrium Satellites to Supply Computers for European Space Agency's 'Gaia' Astronomy Mission”
  6. ^ [6]“Maxwell Technologies creating $26M facility in Peoria”, Phoenix Business Journal, accessed 6 February 2014
  7. ^ [7]“Maxwell and SK to Jointly Develop Ultracap/Battery Combo”, Charged Electric Vehicle Magazine, accessed 6 February 2014
  8. ^ [8]“Maxwell Technologies Completes Sale of Microelectronics Product Line to Data Device Corporation for $21 Million, accessed 4 May 2016
  9. ^ "Maxwell Technologies to Acquire Nesscap Energy Business". investors.maxwell.com. Retrieved 2017-08-02.
  10. ^ https://www.sec.gov/Archives/edgar/data/319815/000119312519026517/d702690dex991.htm
  11. ^ "Tesla Plans to Acquire Maxwell Technologies in Deal Valued at $218 Million". Fortune. February 4, 2019. Retrieved February 4, 2019.
  12. ^ Lambert, Fred (February 4, 2019). "Tesla acquires ultracapacitor and battery manufacturer for over $200 million".
  13. ^ Tesla, Inc. (May 16, 2019). "Tesla Completes Acquisition of Maxwell Technologies".

External links[edit]