September 10, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Maxwell Technologies Inc. (NASDAQ: MXWL) said that it has delivered its Boostcap ultracapacitor cells and multi-cell modules for more than 1,000 hybrid transit bus drive systems through the first three quarters of 2010, and sees continuing strong demand going forward.

David Schramm, Maxwell's president and chief executive officer, said that around 2,400 Boostcap-equipped hybrid transit buses already are in daily revenue service worldwide, and that, based on current consumption rates and customer forecasts, that number could reach 3,000 by year-end.

Ultracapacitor-based energy storage systems absorb recuperative braking energy and deliver stored energy to electric motors for acceleration in electric and hybrid internal combustion/electric vehicles.

In April 2009, Maxwell reported purchase orders valued at around $13.5 million for 850 hybrid transit bus energy storage systems from three bus producers in China.

The company said it is also supplying ultracapacitors to several other heavy vehicle OEMs and drive system integrators in the U.S., Europe and Asia, and that its sales and applications engineering teams are working with several additional potential customers that are developing and testing ultracapacitor-based systems.

California-based Maxwell is a developer and manufacturer of energy storage and power delivery solutions.

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