Wednesday, August 30, 2006
Ultracapacitor products to be made in China
Maxwell Technologies has licensed Shanghai Urban Electric Power Investment Development Corporation to manufacture and market ultracapacitor products in mainland China.
Maxwell Technologies has licensed Shanghai Urban Electric Power Investment Development Corporation to manufacture and market ultracapacitor products based on Maxwell's proprietary large cell and multicell module technology under its own brand in mainland China. The contract, which also obligates SUEP to source ultracapacitor electrode material exclusively from Maxwell, has a six-year term, renewable by mutual agreement. Dr Richard Balanson, Maxwell's President and Chief Executive Officer, said that while Maxwell also is targeting the Chinese market with its own Boostcap ultracapacitor products, the alliance with SUEP is expected to accelerate large cell ultracapacitor products' penetration of that large and rapidly growing market and generate significant sales of Maxwell's proprietary electrode material.
'There is strong and immediate demand in China for ultracapacitor-based energy storage and power delivery solutions', Balanson said.
'SUEP's financial resources and its network of affiliated power utility and manufacturing companies and distribution channels will enable it to expand ultracapacitor sales into the Chinese industrial and transportation markets more broadly and rapidly than Maxwell can on its own'.
'We expect this relationship to generate high-volume sales of our electrode material, and in time, it may also provide an additional option for offshore manufacturing capacity to meet growing worldwide demand for our Boostcap products'.
An Bao Li, SUEP's President and Senior Economist, said that when the group recognised the large Chinese market potential for ultracapacitor products and researched potential avenues to enter the business, it identified Maxwell as the industry's technology leader and proposed an alliance between the companies.
'We concluded that licensing Maxwell's intellectual property for ultracapacitor cell and module architecture and its manufacturing know-how and entering into a supply agreement to obtain a reliable supply of high quality, low-cost, electrode material would be the best path to success', Li said.
'We plan to use ultracapacitors to enhance the reliability and efficiency of the electric power utility infrastructure we own and maintain in Shanghai, and we see many opportunities to market ultracapacitor-based solutions to transportation and industrial customers throughout China'.
'As a result of this collaboration, we have created a new company, Shanghai San Jiu Electric Equipment Company, to manufacture and market this exciting product family'.
Balanson said that Maxwell will provide training for San Jiu personnel in cell and module assembly both at Maxwell's manufacturing facility in San Diego, and at San Jiu's new plant in Shanghai.
He emphasised that Maxwell will continue to manufacture its proprietary ultracapacitor electrode material internally, and that the licenses and technology transfer arrangements with SUEP and San Jiu specifically exclude Maxwell's carbon film electrode technology.
Maxwell Technologies has licensed Shanghai Urban Electric Power Investment Development Corporation to manufacture and market ultracapacitor products based on Maxwell's proprietary large cell and multicell module technology under its own brand in mainland China. The contract, which also obligates SUEP to source ultracapacitor electrode material exclusively from Maxwell, has a six-year term, renewable by mutual agreement. Dr Richard Balanson, Maxwell's President and Chief Executive Officer, said that while Maxwell also is targeting the Chinese market with its own Boostcap ultracapacitor products, the alliance with SUEP is expected to accelerate large cell ultracapacitor products' penetration of that large and rapidly growing market and generate significant sales of Maxwell's proprietary electrode material.
'There is strong and immediate demand in China for ultracapacitor-based energy storage and power delivery solutions', Balanson said.
'SUEP's financial resources and its network of affiliated power utility and manufacturing companies and distribution channels will enable it to expand ultracapacitor sales into the Chinese industrial and transportation markets more broadly and rapidly than Maxwell can on its own'.
'We expect this relationship to generate high-volume sales of our electrode material, and in time, it may also provide an additional option for offshore manufacturing capacity to meet growing worldwide demand for our Boostcap products'.
An Bao Li, SUEP's President and Senior Economist, said that when the group recognised the large Chinese market potential for ultracapacitor products and researched potential avenues to enter the business, it identified Maxwell as the industry's technology leader and proposed an alliance between the companies.
'We concluded that licensing Maxwell's intellectual property for ultracapacitor cell and module architecture and its manufacturing know-how and entering into a supply agreement to obtain a reliable supply of high quality, low-cost, electrode material would be the best path to success', Li said.
'We plan to use ultracapacitors to enhance the reliability and efficiency of the electric power utility infrastructure we own and maintain in Shanghai, and we see many opportunities to market ultracapacitor-based solutions to transportation and industrial customers throughout China'.
'As a result of this collaboration, we have created a new company, Shanghai San Jiu Electric Equipment Company, to manufacture and market this exciting product family'.
Balanson said that Maxwell will provide training for San Jiu personnel in cell and module assembly both at Maxwell's manufacturing facility in San Diego, and at San Jiu's new plant in Shanghai.
He emphasised that Maxwell will continue to manufacture its proprietary ultracapacitor electrode material internally, and that the licenses and technology transfer arrangements with SUEP and San Jiu specifically exclude Maxwell's carbon film electrode technology.
# posted by Swathi @ 2:07 AM 
