Maxwell Technologies (MXWL) has developed a 12 volt ultracapacitor module based on its patented ultracapacitor technology. This new engine start module will help in starting commercial trucks and other heavy vehicles in adverse conditions, thereby lowering the cost of operations.
Maxwell will sell this new product as an original equipment, which comes with an easy-to-install retrofit solution. This module will provide onboard jump-start capability assisting heavy vehicle owners to start their engines in extreme climatic conditions (-40C to +65C) and even when ‘hotel loads’ such as heating, air conditioning and entertainment systems in sleep-in truck cabs drain vehicles batteries.
The owner of Class 4 to 8 trucks previously used to change their vehicles batteries every year to keep their fleet running, which added up to $ 1 billion to an annual North American battery replacement market. This new module is set to increase the longevity of the battery life of heavy vehicles. The fleet owners and other truck owners are sure to see an immediate return on their investment on these modules.
Coming to financials, the first quarter of 2011 saw the company incurring an adjusted loss of $0.03 per share, missing the Zacks Consensus Estimate of $0.05. However results comfortably beat the year-ago quarterly loss per share of $0.07.
The Zacks Consensus Estimates for second-quarter 2011, fiscal year 2011 and fiscal year 2012 are, respectively, 1 cent per share, 16 cents per share and 64 cents per share.
We are encouraged by Maxwell’s suite of ultracapacitor products that use green technology and store energy in an electric field besides rejecting toxic substances for production and storage of energy.
Maxwell Technologies, Inc. currently retains a Zacks #3 Rank (short-term Hold rating). The company competes with National Semiconductor Corporation (NSM).
San Diego, California based Maxwell Technologies develops, manufactures and markets energy storage and power delivery products for transportation, industrial telecommunications and other applications, and microelectronic products for space and satellite applications.
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