SOURCE: ISE Corporation

ISE Corporation

June 10, 2010 07:05 ET

ISE Signs Exclusive Distribution and Supply Agreements With Maxwell Technologies, Leading Supplier of Ultracapacitor Products

Maxwell to Sell ISE Energy Storage Systems Worldwide in Various Verticals; ISE to Source Its Ultracapacitor Cells Through Maxwell

SAN DIEGO, CA--(Marketwire - June 10, 2010) -  ISE Corp., a wholly-owned subsidiary of ISE Limited (TSX: ISE), entered into two exclusive agreements with Maxwell Technologies, Inc. (NASDAQ: MXWL), a leading manufacturer of energy storage products:

  • ISE will source ultracapacitor cells for use in its advanced ultracapacitor energy storage systems (ES Systems) exclusively from Maxwell through December 2011
  • Maxwell will exclusively purchase from ISE ultracapacitor based energy storage systems for sale or distribution by Maxwell and its affiliates into the heavy duty vehicle market through December 2011

"ISE is committed to fostering long-term mutually beneficial relationships," stated Rick Sander, CEO and President of ISE. "In 2001, we signed a strategic development and supply agreement and began working with Maxwell. Today's agreements extend our alliance, provide additional validation of our ES Systems, and represent a significant milestone in our growth strategy. Partnering with Maxwell Technologies provides us with access to its extensive sales force, distribution system and installed base into geographies we haven't yet penetrated. It also creates the opportunity to address ES Systems needs for non-transit markets Maxwell serves, such as industrial and other stationary uses. This strengthens our presence in the rapidly growing energy storage market, particularly as we increase production of our fourth generation liquid cooled ultracapacitor-based ES Systems."

David J. Schramm, President and CEO of Maxwell Technologies, stated: "ISE has developed a rugged, modular, scalable and high-powered ES System incorporating Maxwell ultracapacitor cells and liquid cooling for reliable performance in extreme environments. With our technology as the foundation, ISE has over 200 ES Systems currently in operation, and we believe the market opportunity is promising." 

ISE's Ultra-ETM ES System is one of the most advanced energy storage systems available on the market today, combining ISE's energy storage system technology and Maxwell's ultracapacitor cell technology.  Included in the technology design is an intelligent battery management system that actively monitors each cell. The system is fully integrated with the following features:

  • Thermal management through active-liquid cooling
  • Pre-charge isolation management
  • High voltage and current sensing
  • Main contactors
  • System diagnostics and prognostics
  • Environmentally sealed to IP67 / IP6k9k specifications

This robust feature set enables ISE's Ultra-ETM ES Systems to be interfaced with a range of high duty cycle applications around the world such as mining, heavy-duty trucking, rail, and smart grid energy/power management systems.

About Maxwell Technologies, Inc.
Maxwell is a leading developer and manufacturer of innovative, cost-effective energy storage and power delivery solutions. Its BOOSTCAP® ultracapacitor cells and multi-cell modules provide safe and reliable power solutions for applications in consumer and industrial electronics, transportation and telecommunications. Its CONDIS® 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. 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.

About ISE Limited
ISE Limited (www.isecorp.com) is a leading developer, manufacturer and distributor of heavy duty hybrid-electric drive systems based on our core proprietary technology, which is focused on three critical subsystems: energy storage, controls software and power electronics. ISE specializes in series hybrid-electric and all-electric/zero emission technologies, and offers industry-leading energy storage systems and hybrid system components. Over the past 10 years, ISE has sold over 300 hybrid-electric drive systems that have demonstrated reliability and performance in over 13 million miles of fleet operation.

Established in 1995, ISE is headquartered in San Diego, California. ISE's history of innovation and technological leadership has resulted in the design and development of systems and components that deliver superior operating performance. For more information visit www.isecorp.com.

Caution Regarding Forward-Looking Statements
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