Shanghai Sanjiu Electric Equipment Co. Preparing to Launch Ultracapacitor
Product Line Based on Maxwell Cell Architecture for Transportation, Utility
and Industrial Markets in Mainland China
Maxwell Technologies, Inc. (Nasdaq: MXWL) announced today that it has
received a purchase order for 100,000 square meters of its proprietary
ultracapacitor electrode material from Shanghai Sanjiu Electric Equipment
Company, Ltd., (Sanjiu) which is preparing to introduce a line of
ultracapacitor products based on Maxwell's cell architecture and
high-performance electrode for the Chinese transportation, electric utility
and industrial markets, with a specific focus on Shanghai.
The order is to be filled over the balance of 2007, based on Sanjiu's
planned production of 100,000 large cell 3,000 farad ultracapacitors cells
for the year. It was placed under the terms of an April 2006 ultracapacitor
technology license and exclusive electrode material supply agreement between
Maxwell and Sanjiu's joint venture parent companies, Shanghai Urban Electric
Power Investment Development Corporation (SUEP) and the Ruihua Group.
Dr. Richard Balanson, Maxwell's President and Chief Executive Officer, said
that while Maxwell has been establishing separate manufacturing facilities
and its own sales and distribution organization to market Maxwell's
BOOSTCAP® ultracapacitor products in China, the alliance with Sanjiu will
accelerate penetration of the very large and rapidly growing Chinese market.
"The financial resources of Ruihua and SUEP and their networks of affiliated
power utility and manufacturing companies and distribution channels will
enable Sanjiu to expand ultracapacitor sales in China more broadly and
rapidly than Maxwell could on its own," Balanson said. "In addition to
generating high-volume sales of our electrode material, this relationship
may also provide an additional future option for offshore ultracapacitor
assembly capacity to meet growing worldwide demand for our BOOSTCAP
Mr. Hong Yuan Shuai, Chairman and Chief Executive Officer of the Ruihua
Group, said that Sanjiu already has produced and delivered a variety of
prototype electric and hybrid buses, trucks and other vehicles powered by
drive systems employing a combination of batteries and BOOSTCAP
ultracapacitors for energy storage and regenerative braking. He noted that
Sanjiu also is developing ultracapacitor-based power conditioning systems to
enhance the reliability of electric utility infrastructure through its
affiliation with SEUP, which operates a significant portion of the utility
grid in Shanghai.
"We have identified substantial and immediate demand for
ultracapacitor-based energy storage and power delivery systems for a broad
range of transportation, industrial and utility applications," Mr. Shuai
said. "Maxwell's ultracapacitor cell and module designs, manufacturing
know-how and high-quality, low-cost, electrode material have been
instrumental in helping us to rapidly build a new company and develop a line
of products to meet that demand.
Balanson said that Maxwell has provided training and technical support and
documentation for Sanjiu personnel in cell and module assembly at Maxwell's
facility in San Diego, and at Sanjiu's new plant in Shanghai. He emphasized
that Maxwell will continue to manufacture its proprietary ultracapacitor
electrode material internally, and that the licenses and technology transfer
arrangements with Sanjiu specifically exclude Maxwell's carbon film
Sanjiu is a joint venture of The Ruihua Group and SUEP, whose diverse
interests are focused primarily on innovative technologies and products
aimed at enhancing the efficiency and environmental compatibility of
transportation, industry and electric power generation and distribution.
They conduct business through wholly owned manufacturing and electric power
utility infrastructure companies and joint ventures with Japanese and
Swedish partners who share their commitment to developing and
commercializing "green" power solutions.
Maxwell is a leading developer and manufacturer of innovative,
cost-effective energy storage and power delivery solutions. Our BOOSTCAP®
ultracapacitor cells and multi-cell modules and POWERCACHE® backup power
systems provide safe and reliable power solutions for applications in
consumer and industrial electronics, transportation and telecommunications.
Our CONDIS® 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 our website: http://www.maxwell.com.
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Redstone Converged Solutions and Redstone Telecom win projects to implement complete telecommunications estate
8th January 2007 - Redstone plc, a leading provider of IT and communications solutions, today announced that it has won projects worth more than £1 million to deploy a complete telecommunications estate for Foxtons, London's leading property services company.
The projects, to be implemented by Redstone's specialist Telecom and Converged Solutions teams, includes rolling out digital lines and installing an IPFX contact centre solution while continuing to manage and maintain the company's voice requirements. The IPFX solution that will replace Foxtons' existing ARC system has comprehensive functionality, which includes IP phone systems, skills-based routing and preferred agent/last agent routing.
Dan Rafferty, Foxtons commented: "We have a head office and a number of offices spread across London and Surrey. We need to ensure that the telecoms service is reliable and scalable as our business depends on it.
"The IPFX solution was chosen following an 18 month search, as it was the only product out there that delivered the functionality we require. We chose to work with Redstone to deliver our telephony infrastructure because they have become a trusted partner."
The IPFX contact centre solution has the most feature rich IP Telephony applications in the market which will benefit Foxtons in a number of ways, including cost reduction as well as the ability to scale up in line with the company's aggressive expansion plan.
Martin Balaam, CEO, Redstone plc: "Foxtons is a forward thinking and innovative company which understands the benefits of technology. It is a long term and valued customer and we look forward to continuing our relationship with them."
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Deborah Leah/Rebecca Dean
Insight Marketing and Communications
01625 500 800
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Founded in 1981, Foxtons is London's leading property services company. Foxtons is headquartered in Chiswick, West London, and has a number of offices across London and Surrey. The company is continuing to expand at an ambitious rate. For more information see http://www.foxtons.co.uk
About Redstone plc
Redstone is a leading provider of IT and Communications solutions for businesses and organisations of all types and sizes. Redstone is uniquely positioned as the only IT and Communications provider within the UK and Ireland to be able to offer all core competencies in house. Each division is recognised as a market leader in its own right: Redstone Telecom offers fixed line telephony, Redstone Mobile offers mobile telephony, Redstone Converged Solutions offers Contact Centre solutions, IP Communications and IP Networks. Redstone Managed Solutions offers Microsoft applications, server/desktop and network integrity and Redstone Technology offers enterprise server and storage area networks. For more information see http://www.redstone.com
With offices in the UK and Australasia, IPFX is a dynamic developer and distributor of Computer Telephony Integration (CTI) solutions and offers training and support of a high level to customers and resellers. IPFX is a key IP Communications Telephony solution partner for Cisco and its solution is one of the leading applications in the Australasian market with over 1,100 systems and 200,000 end users. The key benefit that users are seeing from using IPFX applications is significant improvements in employee productivity. For more information see http://www.ipfx.com/