SAN DIEGO and SEOUL, South Korea, May 5 /PRNewswire-FirstCall/ -- Maxwell Technologies, Inc. (Nasdaq: MXWL) and NessCap Co., Ltd. announced today that the companies have agreed to a framework for settling the patent disputes relating to their respective ultracapacitor products and have signed a Memorandum of Understanding including a provision to immediately halt all ongoing patent infringement litigation between the companies. Proposed settlement terms will remain confidential pending final agreement and execution of definitive agreements.
About NessCap - NessCap is a global leader in technology innovation and product development of ultracapacitors. NessCap features the widest array of standard commercial products in the market from 3 farads to 5,000 farads with industry recognized alternative organic electrolytes. NessCap products are available in both cells and modules for the transportation, power, and consumer markets. Technical and sales information can be found at http://www.nesscap.com.
About Maxwell - Maxwell is a leading developer and manufacturer of innovative, cost-effective energy storage and power delivery solutions. Its BOOSTCAP(R) ultracapacitor cells and multi-cell modules provide safe and reliable power solutions for applications in consumer and industrial electronics, transportation, and telecommunications. Its CONDIS(R) 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. For more information, please visit http://www.maxwell.com.
SOURCE Maxwell Technologies, Inc.
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