Maxwell Technologies

Maxwell Technologies is a company that develops, manufactures, and markets energy storage and power delivery products. It offers ultracapacitor cells, multi-cell packs, modules, and subsystems that provide energy storage and power delivery solutions for applications in automotive, grid energy storage, wind, bus, industrial, and truck industries. Maxwell Technologies also supplies lithium-ion capacitors serving the rail, grid, and industrial markets. In addition, the company delivers CONDIS high-voltage capacitors, such as grading and coupling capacitors, electric voltage transformers, and metering products.

Employee Rating

2.7More
TypeSubsidiary
Parent CompanyTesla
HQYongin-si, KR
Founded1965
Websitemaxwell.com
Cybersecurity ratingAMore
Maxwell Technologies was founded in 1965 and is headquartered in Yongin-si, KR

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Key People/Management at Maxwell Technologies

John Grinwall

John Grinwall

CEO
Dennis Flynn

Dennis Flynn

Director Market Research and Brand/Communications
Priya Bendale

Priya Bendale

Sr. Director, Global Applications & Systems Engineering
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Maxwell Technologies Office Locations

Maxwell Technologies has an office in Yongin-si
Yongin-si, KR (HQ)
Dongtangiheung-ro, Giheung-dong, Giheung-gu
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Maxwell Technologies Financials and Metrics

Summary Metrics

Founding Date

1965

Total Funding

$72 m

Investors

In total, Maxwell Technologies had raised $72 m. Maxwell Technologies is a subsidiary of Tesla

Maxwell Technologies Revenue

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View revenue for all periods
Maxwell Technologies's revenue was reported to be $90.46 m in FY, 2018 which is a 30.6% decrease from the previous period.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

121.2m130.4m90.5m

Revenue growth, %

8%(31%)

Cost of goods sold

88.3m101.6m80.5m

Gross profit

33.0m28.8m10.0m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

35.2m34.1m25.5m26.7m37.1m35.8m28.4m29.5m33.7m15.4m

Cost of goods sold

25.6m24.2m17.9m20.5m29.3m28.4m22.7m24.0m27.4m17.0m

Gross profit

9.7m10.0m7.6m6.2m7.8m7.4m5.7m5.4m6.4m(1.5m)

Gross profit Margin, %

27%29%30%23%21%21%20%18%19%(10%)
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

25.4m50.1m58.0m

Accounts Receivable

20.4m31.6m20.0m

Prepaid Expenses

4.4m3.0m2.8m

Inventories

32.2m32.2m33.6m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

21.6m35.7m27.8m20.9m19.2m52.9m40.1m21.5m23.6m48.1m

Accounts Receivable

28.1m25.9m20.7m24.1m30.3m27.1m32.4m29.7m30.0m18.2m

Prepaid Expenses

2.5m4.7m5.3m4.9m4.1m3.3m3.5m2.9m4.1m2.6m

Inventories

29.2m33.0m34.9m30.4m30.2m31.6m37.5m41.6m39.6m36.9m
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

(23.7m)(43.1m)(36.5m)

Depreciation and Amortization

9.9m9.6m8.1m

Inventories

(5.0m)2.6m(12.3m)

Accounts Payable

(14.9m)8.8m(9.5m)
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

(6.8m)(4.7m)(11.5m)(10.4m)(20.5m)(34.4m)(9.2m)(20.5m)(30.2m)(17.6m)

Depreciation and Amortization

2.6m5.0m7.4m2.1m4.6m7.1m2.3m4.6m7.0m2.1m

Inventories

(1.4m)(5.2m)(7.2m)1.9m6.1m3.6m(6.0m)(10.9m)(9.5m)(3.9m)

Accounts Payable

(10.6m)(10.7m)(16.7m)1.6m4.7m7.3m309.0k(4.1m)(13.3m)5.2m
USDQ1, 2016

Financial Leverage

1.4 x
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Maxwell Technologies Operating Metrics

FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Backlog

$18.9 m$18.1 m$11.4 m$21.4 m$15.4 m

Patents (US)

9591719390

Patents Pending (US)

2022222020

Trademarks (US)

1212575
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Maxwell Technologies Acquisitions / Subsidiaries

Company NameDateDeal Size
Nesscap EnergyApril 28, 2017$23.2 m
I-Bus/Phoenix, Inc.
Maxwell Holding GmbH (formerly I-Bus/Phoenix, GmbH)
Maxwell Technologies GmbH
Maxwell Technologies Hong Kong Ltd
Maxwell Technologies Korea Co., Ltd. (formerly Nesscap Korea Co., Ltd)
Maxwell Technologies SA
Maxwell Technologies Shanghai Trading Co., Ltd
Maxwell Technologies Shenzhen Trading Co., Ltd
MML Acquisition, Inc.

Maxwell Technologies Revenue Breakdown

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Maxwell Technologies revenue breakdown by geographic segment: 13.5% from Germany, 23.8% from All Other Countries, 13.5% from Hungary, 17.4% from United States and 31.8% from China

Maxwell Technologies Cybersecurity Score

Cybersecurity ratingPremium dataset

A

97/100

SecurityScorecard logo

Maxwell Technologies Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Maxwell Technologies Online and Social Media Presence

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Maxwell Technologies News and Updates

Worldwide Supercapacitor Industry Analysis and Forecast to 2025 - Featuring Maxwell Technologies, Panasonic and Eaton Among Others

Dublin, April 20, 2021 (GLOBE NEWSWIRE) -- The "Supercapacitor Global Market Insights 2020, Analysis and Forecast to 2025, by Manufacturers, Regions, Technology, Application" report has been added to ResearchAndMarkets.com's offering. This report describes the global market size of Supercapacitor …

Tesla acquisition of Maxwell is going to have a very big impact on batteries

Elon Musk has commented on Tesla’s acquisition of Maxwell, an ultra-capacitor manufacturer and battery technology company, and shed some lights on the automaker’s plan for the company. When Tesla announced the acquisition of the San Diego-based ultracapacitor and battery company Maxwell for over $20…

Tender Offer Extension for Acquisition of Maxwell Technologies, Inc.

Tesla, Inc. today announced that it has extended the expiration of its previously announced offer, through its direct wholly-owned subsidiary Cambria Acquisition Corp., a Delaware corporation, to acquire each outstanding share of common stock of Maxwell Technologies, Inc.

Maxwell Technologies Announces Filing of 2018 Form 10-K

Maxwell Technologies, Inc. (Nasdaq: MXWL or the "Company" or "Maxwell"), a leading developer and manufacturer of energy solutions, today announced it has filed its Form 10-K with the Securities and Exchange Commission ("SEC") for the period ended December 31, 2018. On February 3, 2018, the Company …

Tesla's Acquisition of Maxwell Technologies Should Reduce Battery Costs - Freedonia Group Analysis

CLEVELAND, Feb. 8, 2019 /PRNewswire/ -- Tesla announced this week that it had acquired Maxwell Technologies, a deal that is expected to be finalized by mid-2019. Maxwell Technologies, which already supplies lithium-ion batteries for EVs manufactured by other automakers, can help Tesla...

Tesla Inks Deal To Acquire Maxwell Technologies In Stock Deal

Tesla and Maxwell Technologies have drafted a proposal that Maxwell executives have agreed to that, if shareholders agree, would result in Tesla acquiring the company in a stock deal. The deal is detailed in a letter from Maxwell and an 8-K Filing with the SEC filed by the company on February 4th,
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Maxwell Technologies Frequently Asked Questions

  • When was Maxwell Technologies founded?

    Maxwell Technologies was founded in 1965.

  • Who are Maxwell Technologies key executives?

    Maxwell Technologies's key executives are John Grinwall, Dennis Flynn and Priya Bendale.

  • How many employees does Maxwell Technologies have?

    Maxwell Technologies has 260 employees.

  • What is Maxwell Technologies revenue?

    Latest Maxwell Technologies annual revenue is $90.5 m.

  • What is Maxwell Technologies revenue per employee?

    Latest Maxwell Technologies revenue per employee is $347.9 k.

  • Who are Maxwell Technologies competitors?

    Competitors of Maxwell Technologies include INTILION, ZincFive and North Star Battery.

  • Where is Maxwell Technologies headquarters?

    Maxwell Technologies headquarters is located at Dongtangiheung-ro, Giheung-dong, Giheung-gu, Yongin-si.

  • Where are Maxwell Technologies offices?

    Maxwell Technologies has an office in Yongin-si.

  • How many offices does Maxwell Technologies have?

    Maxwell Technologies has 1 office.