SIEMENS RECOGNIZES MAXWELL TECHNOLOGIES AS GLOBAL SUPPLIER OF THE YEAR

Award Recognizes Quality and Operational Performance in Delivery of CONDIS® Products

ROSSENS, Switzerland -- Maxwell Technologies SA, the Swiss subsidiary of Maxwell Technologies Inc. (Nasdaq: MXWL), has been honored as Supplier of the Year for the third time by Siemens Power Transmission & Distribution (PTD) High Voltage Circuit Breakers division (H3).


This award was created to recognize the supplier that best demonstrates ongoing commitments to lowering operational costs, innovation in product quality and delivery performance, technical support and manufacturing expertise. According to Siemens, factors that led to Maxwell's selection included its high ratings in technological innovation, supply capabilities, and overall quality in supplying CONDIS® high voltage capacitor products.

Alain Riedo, General Manager of Maxwell SA, said that the award, in addition to supporting the company's strategic goal of becoming a preferred high voltage capacitor supplier to prime contractors for electric utility infrastructure worldwide, represents another milestone in Maxwell's ongoing multi-disciplinary initiatives for organizational excellence.

"This award reflects the priority Maxwell places on quality, operational process control and customer service," said Riedo. "Meeting and exceeding the requirements of customers such as Siemens is the basis of our success. We look forward to our continued work with Siemens and building our leading position as a supplier to the global electric utility infrastructure industry."

The Siemens PTD H3 award is the latest recognition reinforcing Maxwell's ongoing quality initiatives and process control strategy, including the auto industry-specific ISO-TS certification for its ultracapacitor production facilities in Rossens, San Diego, California and a contract manufacturing facility in Shenzhen, China, as well as Qualified Manufacturers Listing (QML) Class "Q" and "V" certifications for microelectronics products manufactured in San Diego.

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

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