Maxwell Technologies Awarded $7.01 Million Contract from US Advanced Battery Consortium for Hybrid Auto Energy Storage System

摘要

Maxwell Technologies, Inc. has been awarded a $7.01 million cost-shared technology development contract by the US Advanced Battery Consortium LLC (USABC) to develop an advanced energy storage system for power-assist hybrid electric vehicles (PAHEVs). USABC will provide more than $2.8 million directly to Maxwell and approximately $3.5 million in total, including payments to technology development partners, over the course of the 24-month program.