Maxwell Technologies, Inc. (Nasdaq: MXWL) announced today that it has been awarded a contract by Mercedes Car Group to design and produce ultracapacitors for an advanced engineering hybrid-electric drive train program incorporating a braking energy recuperation system that enables it to increase fuel efficiency and reduce emissions.
David Schramm, Maxwell's president and chief executive officer, said that the contract provides for funding from Mercedes to develop a new BOOSTCAP(R) ultracapacitor cell specifically designed to meet the energy storage and power delivery requirements of one of Mercedes' torque assist and recuperative braking systems. . . . more