Maxwell Technologies Supplies Ultracapacitors for Portland Area Light Rail Braking Energy Recuperation System

  Maxwell Technologies Supplies Ultracapacitors for Portland Area Light Rail
                      Braking Energy Recuperation System

American Maglev Wins Contract to Retrofit 27 Vehicles with Energy-Saving
System

PR Newswire

SAN DIEGO, April 23, 2013

SAN DIEGO, April 23, 2013 /PRNewswire/ --Maxwell Technologies, Inc. (Nasdaq:
MXWL) announced today that it is supplying ultracapacitors for an
energy-saving braking energy recuperation system that American Maglev
Technology (AMT), is installing on light rail vehicles operated by the
Portland, Oregon area's Tri-County Metropolitan Transportation District
(TriMet).

Logo: http://photos.prnewswire.com/prnh/20121018/LA91771LOGO)

TriMet won a $4.2 million grant from the U.S. Department of Transportation's
Federal Transit Administration (FTA) Transit Investment for Greenhouse Gas and
Energy Reduction (TIGGER) program to improve the efficiency of its fleet of
101 light rail vehicles equipped with regenerative braking after determining
that the vehicles were able to use only about 70 percent of the energy
generated by braking.

In regenerative braking systems, the electric motor that propels an electric
or hybrid vehicle also does most of the braking. When the brakes are applied,
instead of employing a conventional friction-based braking process, the system
signals the electric motor to run in reverse mode, creating resistance to slow
the vehicle. An electric motor running backwards also acts as an electric
energy generator or dynamo that converts the kinetic energy of motion into
electrical energy that can be stored for reuse, improving efficiency.

In TriMet's system, energy generated by decelerating vehicles is fed into the
traction electrification system for use by other vehicles on the system.
TriMet is using the TIGGER funding to retrofit 27 vehicles with the American
Maglev-designed, ultracapacitor-based, energy storage system, which captures
and stores regenerative braking energy as it is generated, uses the stored
energy for acceleration, and releases surplus energy to other vehicles on the
system as needed. The 27 retrofitted vehicles are being paired with
non-capacitor equipped vehicles so that stored energy can be used by both
vehicles.

To measure and validate anticipated energy savings, TriMet will compare
in-service energy consumption data collected by on-board vehicle propulsion
computers before and after the retrofit. According to a bulletin published by
the FTA and prepared by the U.S. Department of Energy's National Renewable
Energy Laboratory (NREL), preliminary data collected by TriMet indicate that
the roof-mounted ultracapacitor-based energy storage systems will result in
annual energy savings of approximately 2.8 percent. The FTA bulletin may be
accessed via the following link:
http://www.fta.dot.gov/documents/TIGGER_OR-88-0001_TriMet_Portland.pdf.

"The use of Maxwell's ultracapacitors in our Energy Storage Systems has
resulted in unprecedented energy savings as we strive to make light rail
vehicles greener and more energy efficient," said Tony J. Morris, the
president and CEO of AMT. "We see this as a new, enabling, sustainable
technology that can be applied in many other transportation environments."

"With their ability to charge and discharge in as little as fractions of a
second, ultracapacitors are highly efficient in capturing energy generated
during braking events that last only a few seconds and then quickly releasing
stored energy as needed for acceleration," said David Schramm, Maxwell's
president and CEO. "In addition to this and other rail installations,
fuel-efficiency and emission-reduction benefits are being realized by more
than 10,000 Maxwell ultracapacitor-equipped hybrid-electric transit buses in
daily operation around the world."

About American Maglev: American Maglev Technology, Inc. (AMT) designs and
deploys innovative technologies that shape magnetic fields, providing new,
sustainable solutions in transportation and energy storage. AMT built and
currently operates the only full-scale magnetic levitation test track in the
United States and is currently working with its strategic partners and initial
customers to deploy the technology commercially. The company has developed and
continues to fortify an extensive portfolio of intellectual property that
protects its proprietary technology. For more information, please visit our
website: www.american-maglev.com.

About Maxwell: Maxwell Technologies is a leading developer and manufacturer of
innovative, cost-effective energy storage and power delivery solutions. Our
ultracapacitor products provide safe and reliable power solutions for
applications in consumer and industrial electronics, transportation and
information technology. Our 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: www.maxwell.com.

Additional Maxwell Technologies information:

  oMaxwell Technologies on Twitter: https://twitter.com/Maxwell_Tech
  oMaxwell Technologies on Facebook: http://on.fb.me/10e2nPA
  oMaxwell Technologies on LinkedIn: http://linkd.in/Z4737Y
  oUpcoming events: http://bit.ly/ZMZaEK

Contacts:

Maxwell Investor Relations: Michael Sund +1 (858) 503-3233; msund@maxwell.com
Maxwell Media Relations: Rachel Sullivan + (617) 236-0500,
rachel.sullivan@metiscomm.com American Maglev Media Relations: Andy Wissing +1
(770) 845-7130; andyw@american-maglev.com

SOURCE Maxwell Technologies, Inc.

Website: http://www.maxwell.com
 
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