Maxwell Technologies, SK Innovation Form Strategic Alliance to Develop Integrated Lithium Ion Battery-Ultracapacitor Energy Storage Solutions

SAN DIEGO, Dec. 12, 2013 /PRNewswire/ — Maxwell Technologies, Inc. (Nasdaq: MXWL), a leading developer and manufacturer of ultracapacitor-based energy storage products, announced today that it has signed a Memorandum of Understanding with SK Innovation, a subsidiary of SK Holdings and Korea’s leading energy provider, to develop next generation energy storage solutions leveraging the complementary characteristics of SK’s lithium ion batteries and Maxwell’s ultracapacitors.

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