Exide Technologies and Maxwell Technologies Form Strategic Alliance to Develop and Market Integrated Battery-Ultracapacitor

Exide Technologies and Maxwell Technologies Form Strategic Alliance to Develop
and Market Integrated Battery-Ultracapacitor Energy Solutions

Product Concepts on Display at The Battery Show in Detroit

MILTON, Ga., and SAN DIEGO, Calif., Nov. 13, 2012 (GLOBE NEWSWIRE) -- Exide
Technologies (Nasdaq:XIDE), a global leader in stored electrical energy
solutions, and Maxwell Technologies, Inc. (Nasdaq:MXWL), a leading developer
and manufacturer of ultracapacitor products, today announced the formation of
a strategic alliance. The two companies will work together in the development
and marketing of advanced, integrated, battery-ultracapacitor energy storage
solutions to be used in a wide array of transportation and industrial
applications.

Visitors to The Battery Show in Novi, MI, Nov. 13-15, 2012, are invited to
visit Exide Technologies (booth #B850) and Maxwell Technologies (booth #B520)
to see the first of these products.

Principal elements of the strategic alliance include:

  oJoint identification and evaluation of market opportunities for integrated
    products;
  oCollaborative product development and testing; and
  oJoint calls on prospective customers to establish demonstration projects.

"The integrated products developed through our alliance with Maxwell
Technologies will provide a wide range of benefits for users who require the
most that today's battery technology has to offer," said Paul Cheeseman,
Exide's Vice President, Global Engineering and Research."These benefits will
include high energy density, rapid charging and discharging, extended
operational life and superior performance in extreme temperatures."

Exide is the only battery company to provide product offerings across a range
of applications in both the transportation and industrial markets.With its
AGM (Absorbent Glass Mat) technology that allows for deep cycling combined
with high charge acceptance, Exide supports Start-Stop vehicles, energy
recuperation, intelligent charging and other advanced power train features to
reduce CO[2] emissions and fuel consumption.

"Exide's battery technology leadership, extensive manufacturing capabilities,
established global distribution channels and strong existing industrial and
transportation customer relationships make it an ideal alliance partner," said
David Schramm, Maxwell's president and chief executive officer. "We have
always believed in the synergistic nature of ultracapacitors and batteries,
and this relationship will enable us to significantly accelerate development
of products embodying the benefits of both technologies."

Maxwell's ultracapacitor products store energy in an electric field, which is
unlike batteries that produce and store energy by means of a chemical
reaction. This electrostatic energy storage mechanism enables ultracapacitors
to charge and discharge in as little as fractions of a second, perform
normally over a broad temperature range (-40 to +65C), and operate reliably
for one million or more charge/discharge cycles. Maxwell offers ultracapacitor
cells ranging in capacitance from one to 3,000 farads and multi-cell modules
ranging from 16 to 125 volts.

About Exide Technologies

Exide Technologies, with operations in more than 80 countries, is one of the
world's largest producers and recyclers of lead-acid batteries. The Company's
four global business groups – Transportation Americas, Transportation Europe
and Rest of World, Industrial Energy Americas and Industrial Energy Europe and
Rest of World – provide a comprehensive range of stored electrical energy
products and services for industrial and transportation applications.

Transportation markets include original-equipment and aftermarket automotive,
heavy-duty truck, agricultural and marine applications, and new technologies
for hybrid vehicles and automotive applications. Industrial markets include
network power applications such as telecommunications systems, electric
utilities, railroads, photovoltaic (solar-power related) and uninterruptible
power supply (UPS), and motive-power applications including lift trucks,
mining and other commercial vehicles.

Further information about Exide, including its financial results, are
available at www.exide.com

The Exide Technologies logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5067

About Maxwell Technologies

Maxwell is a leading developer and manufacturer of innovative, cost-effective
energy storage and power delivery solutions. Its ultracapacitor products
provide safe and reliable power solutions for applications in consumer and
industrial electronics, automotive, transportation and information
technology.Its high-voltage capacitors products help to ensure the safety and
reliability of electric utility infrastructure and other applications
involving transport, distribution and measurement of high-voltage electrical
energy. Its 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 www.maxwell.com

CONTACT: MEDIA CONTACTS:
         Susan Jaramillo
         Vice President, Communications
         Exide Technologies
         203/699-9133 phone
         susan.jaramillo@exide.com
        
         Michael Sund
         Maxwell Technologies
         (858) 503-3233 phone
         msund@maxwell.com
        
         INVESTOR CONTACT
         Carol Knies
         Sr. Director, Investor Relations
         Exide Technologies
         678/566-9316 phone
         carol.knies@exide.com

Exide Technologies Logo
 
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