http://www.earthtimes.org/articles/show/lti-reenergy-selects-maxwell-technologies,536759.shtml
Ultracapacitors Provide High-Reliability, Low-Maintenance Alternative to Batteries SAN DIEGO, Sept. 11
SAN DIEGO, Sept. 11 /PRNewswire-FirstCall/ -- Maxwell Technologies Inc.
(Nasdaq: MXWL) announced today that LTi REEnergy GmbH (LTi), one of the
world's leading producers of electro-mechanical wind turbine blade pitch
control systems, has selected Maxwell's BOOSTCAP(R) ultracapacitors to supply
backup power for LTi's PitchMaster(R) blade pitch control system.
Blade pitch control systems enhance the consistency of wind turbines'
electrical energy output and ensure that rotor speed remains within a safe
operating range by constantly adjusting turbine blades to compensate for
changes in wind velocity. Ultracapacitors supply backup power for orderly
system shutdown in the event of a main system power failure.
David Schramm, Maxwell's president and chief executive officer, said that
LTi's PitchMaster(R) system incorporates multi-cell BOOSTCAP ultracapacitor
modules based on Maxwell's BCAP0350 "D cell" product.
"LTi supplies blade pitch control systems to a number of major wind
turbine manufacturers around the world, and already sold more than one
thousand PitchMaster(R) systems, so this new supply agreement represents a
significant expansion of Maxwell's penetration of the rapidly growing wind
energy industry," Schramm said. "We are pleased to be aligned with another
leading player in the dynamic renewable energy marketplace."
Matthias Vehring, LTi's Managing Director, said that ultracapacitors were
chosen over batteries for backup power because of their longer operating life,
lower maintenance requirements and ability to operate more reliably in harsh
climates.
"Wind turbine operators need systems that perform reliably for many years
in all weather conditions with minimal maintenance," Vehring said. "BOOSTCAP
products have demonstrated their durability and reliability at temperatures
ranging from -40 to +65C, which enables our pitch control systems to better
meet our customers' expectations."
Industry sources report that nearly 20,000 MW of new wind generator
capacity was installed in 2007, bringing the total worldwide installed base to
approximately 94,000 MW. From 2003 through 2007, the industry maintained an
annual growth rate of more than 20 percent, and it is projected to continue to
meet or exceed that rate through 2012.
About LTi:
LTi REEnergy GmbH, based in Unna, Germany, is part of the LTi group of
companies with approximately 900 employees worldwide. Thanks to their
long-standing expertise, LTi REEnergy is an expert in electric drive systems
for wind turbines and is a leading provider in this segment. The company, with
its headquarters in Unna, Germany, has been developing and marketing electric
pitch systems and components for wind energy and ocean current energy plants
for more than 10 years. The company has a centralized prototyping division at
the Unna location as well as various production sites worldwide. With their
broad sales and service network in Europe and Asia, they serve both German and
international customers.
About Maxwell:
Maxwell Technologies is a leading developer and manufacturer of innovative,
cost-effective energy storage and power delivery solutions. Our BOOSTCAP(R)
ultracapacitor cells and multi-cell modules provide safe and reliable power
solutions for applications in consumer and industrial electronics,
transportation and telecommunications. Our CONDIS(R) high-voltage grading and
coupling capacitors help to ensure the safety and reliability of electric
utility infrastructure and other applications involving transport,
distribution and measurement of high-voltage electrical energy. Our
radiation-mitigated microelectronic products include power modules, memory
modules and single board computers that incorporate powerful commercial
silicon for superior performance and high reliability in aerospace
applications. For more information, please visit http://www.maxwell.com.
Forward-Looking Statements -- Statements in this news release that are
"forward-looking statements" are based on current expectations and assumptions
that are subject to risks and uncertainties. Actual results could differ
materially because of factors such as:
-- development and acceptance of products based on new technologies;
-- demand for original equipment manufacturers' products reaching
anticipated levels;
-- general economic conditions in the markets served by the company's
products;
-- cost-effective manufacturing and the success of outsourced
manufacturing;
-- the impact of competitive products and pricing;
-- risks and uncertainties involved in foreign operations, including the
impact of currency fluctuations;
-- product liability or warranty claims in excess of reserves.
For further information regarding risks and uncertainties associated with
Maxwell's business, please refer to the "Management's Discussion and Analysis
of Financial Condition and Results of Operations" and "Risk Factors" sections
of our SEC filings, including, but not limited to, our annual report on Form
10-K and quarterly reports on Form 10-Q, copies of which may be obtained by
contacting Maxwell's investor relations department at (858) 503-3233 or at our
investor relations website: http://www.maxwell.com/investors/sec-filing.asp.
All information in this release is as of September 11, 2008. The company
undertakes no duty to update any forward-looking statement to reflect actual
results or changes in the company's expectations.
SOURCE Maxwell Technologies Inc.
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