Maxwell Technologies, Inc. (Nasdaq: MXWL), a leading developer and manufacturer of ultracapacitor-based energy storage products, announced today that it has signed a Memorandum of Understanding with SK Innovation, a subsidiary of SK Holdings and Korea's leading energy provider, to develop next generation energy storage solutions leveraging the complementary characteristics of SK's lithium ion batteries and Maxwell's ultracapacitorsUnconventional internal design yields a larger capacitanceThat property of a system of conductors and dielectrics which permits the storage of electricity when potential difference exists between the conductors. Its value is expressed as the ratio of a quantity of electricity to a potential difference. A capacitance value is always positive. per unit volume than other types. Valuable for high-current and low frequencyThe number of complete cycles or vibrations per unit of time. Rate of alternation in an AC current. Expressed in cycles per second or hertz (Hz). electrical circuits, power supply filters, etc. Applications are similar to those of rechargeable batteries..
The two companies will explore and identify global commercial opportunities for products that enable enhanced functionality and improve energy efficiency in industrial, transportation and other markets. Lithium ion batteries are characterized by their high energy densityA figure of merit usually expressed in Joules per cubic inch for capacitorsA figure of merit usually expressed in Joules per cubic inch for capacitorsA figure of merit usually expressed in Joules per cubic inch for capacitors, while ultracapacitorsUnconventional internal design yields a larger capacitanceThat property of a system of conductors and dielectrics which permits the storage of electricity when potential difference exists between the conductors. Its value is expressed as the ratio of a quantity of electricity to a potential difference. A capacitance value is always positive. per unit volume than other types. Valuable for high-current and low frequencyThe number of complete cycles or vibrations per unit of time. Rate of alternation in an AC current. Expressed in cycles per second or hertz (Hz). electrical circuits, power supply filters, etc. Applications are similar to those of rechargeable batteries. offer rapid chargeThe amount of electricity present upon the capacitor's plates. Also, the act of forcing of electrons onto the capacitor's plates. See CoulombA coulomb is the unit of electric charge. It is named after Charles-Augustin de Coulomb.1 coulomb is the amount of electric charge transported by a current of 1 ampere in 1 second. It can also be defined in terms of capacitance and voltage, where one coulomb is defined as one farad of capacitance times one volt of electric potential difference.. and discharge capabilities, reliable performance in extreme temperature conditions and long operational life.
"As our name implies, we are seeking to move beyond the limitations of existing technologies? to develop and deliver products that better meet the requirements of the most demanding energy storage and power delivery applications," said Stephen J. Kim of SK Innovation's battery division. "Our goal is to develop truly differentiated products that will create large new opportunities for both companies."
"While our respective products currently meet the needs of many applications as stand-alone solutions, Maxwell has always believed that ultracapacitorsUnconventional internal design yields a larger capacitanceThat property of a system of conductors and dielectrics which permits the storage of electricity when potential difference exists between the conductors. Its value is expressed as the ratio of a quantity of electricity to a potential difference. A capacitance value is always positive. per unit volume than other types. Valuable for high-current and low frequencyThe number of complete cycles or vibrations per unit of time. Rate of alternation in an AC current. Expressed in cycles per second or hertz (Hz). electrical circuits, power supply filters, etc. Applications are similar to those of rechargeable batteries. and batteries can be integrated to provide optimized products that offer the best of both worlds in terms of energy and power," said David Schramm, Maxwell's president and chief executive officer. "We are very pleased to have found a major lithium-ion battery producer in SK Innovation that is willing to invest in joint product and market exploration."
