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Ultracapacitors Energize Maxwell's Revenue Growth

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May 11th, 2005

Ultracapacitors Energize Maxwell’s Revenue Growth

Maxwell Technologies, Inc. (NASDAQ: MXWL) has projected that its fourth quarter, 2004 revenue will reach $8.5 million, up more than 25 percent sequentially. The company foresees continued growth in its first quarter of 2005. Maxwell says that revenue growth is across all products lines, but specifically pointed to its Ulltracapacitor sales, which increased 20 percent sequentially. Maxwell says that demand for its large cell Ultracapacitors is a couple of quarters ahead of its plans to increase production capacity. The Ultracapacitors are used in hybrid bus drive trains and wind energy applications.

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