April 22, 2009 (FinancialWire) — Maxwell Technologies Inc. (NASDAQ: MXWL) said that it has received purchase orders with a total value of around $13.5 million from three transit bus producers in China for the company’s Boostcap ultracapacitor modules.

The modules will be used to support braking energy recuperation and torque assist functions in diesel-electric hybrid transit buses. Maxwell said that its sales and applications engineering teams have been working with heavy vehicle OEMs in China for the past two years.

The company said it estimates that more than 150 hybrid buses with the Boostcap ultracapacitor-based energy storage systems are in service, and that the company expects that to grow to nearly 1,000 by year-end.

San Diego-based Maxwell Technologies is a developer and manufacturer of energy storage and power delivery systems. The company’s Boostcap ultracapacitor cells and multi-cell modules provide power solutions for applications in consumer and industrial electronics, transportation and telecommunications.

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