Exide Signs Development and Supply Agreement With Maxwell Tech

May 17, 2001 by Jeff Shepard

Exide Technologies (Princeton, NJ) has signed a multi-year development and supply agreement with Maxwell Technologies Inc. (San Diego, CA) to develop and market advanced, integrated stored energy systems for military, commercial and certain types of passenger vehicles. The partnership will produce battery/ultracapacitor systems that incorporate Exide Technologies' spiral-wound Exide Select Orbital batteries and Maxwell's PowerCache Ultracapacitors. Applications will include cold-starting and 42V systems for hybrid internal-combustion/electric vehicles, commercial medium- and heavy-duty trucks, and military ground surface and sub-surface vehicles.

“Our partnership with Exide Technologies is an excellent fit on a number of levels," said Carl Eibl, President and CEO of Maxwell Technologies. “The PowerCache ultracapacitor is a proven, well-known power source. When paired with the high-performance Exide Select Orbital, the result is the most affordable, highest quality stored energy system available for hybrid and electric vehicles both today and in the future."