They’ll Offer Integrated, Battery-Ultracapacitor Energy Storage
San Diego’s Maxwell Technologies (NASDAQ:MXWL), and Georgia-based Exide Technologies (NASDAQ:XIDE) have formed a strategic alliance for integrated, battery-ultracapacitor energy storage.
The goal is to combine the best attributes of Maxwell ultracapacitors and Exide’s advanced lead acid batteries.
“Benefits will include high energy density, rapid charging and discharging, extended operational life and superior performance in extreme temperatures,” Exide global engineering and research VP Paul Cheeseman said in a joint release.
Principal elements of the strategic alliance include
- joint identification and evaluation of market opportunities for integrated products;
- collaborative product development and testing; and
- joint calls on prospective customers to establish demonstration projects.
Exide says it’s the only battery company with product offerings across a range of applications in both the transportation and industrial markets. “With its AGM (Absorbent Glass Mat) technology that allows for deep cycling combined with high charge acceptance, Exide supports Start-Stop vehicles, energy recuperation, intelligent charging and other advanced power train features to reduce CO2 emissions and fuel consumption,” states the release.
‘Synergistic Nature of Ultracapacitors and Batteries’
“Exide’s battery technology leadership, extensive manufacturing capabilities, established global distribution channels and strong existing industrial and transportation customer relationships make it an ideal alliance partner,” said Maxwell president and CEO David Schramm.
“We have always believed in the synergistic nature of ultracapacitors and batteries, and this relationship will enable us to significantly accelerate development of products embodying the benefits of both technologies.”
Contact information is only available to premium subscribers. Click here to purchase a subscription.
Source: Maxwell-Exide release with Fleets & Fuels follow-up