MXWL's Ultra Capacitors for China - Analyst Blog
13 Settembre 2011 - 7:00PM
Zacks
Maxwell Technologies Inc. (MXWL) announced that
its ultra capacitors will be used by Zhengzhou Yutong Bus Co. Ltd.
(Yutong) for energy storage and power delivery in fuel-efficient,
low-emission, diesel-electric hybrid buses.
Yutong, China's largest bus manufacturer, produces buses for
public transit agencies worldwide. It is one of China's top 500
enterprises, with additional strategic business activities,
including construction machinery, automotive parts and components
and real estate.
Maxwell offers ultra capacitor cells, whose capacity ranges from
one to 3,000 farads and multi-cell modules ranging from 16 to 125
volts. Yutong's hybrid drive system incorporates Maxwell's 16
48-volt ultra capacitor modules.
These modules support braking energy recuperation and torque
assist functions that enable hybrid transit buses to achieve fuel
savings while reducing CO2 emission by approximately 25%. In
comparison to conventional diesel buses, it also reduces
particulate emissions by up to 90%.
These ultra capacitors store energy in an electric field. This
electrostatic energy storage mechanism enables ultra capacitors to
charge and discharge in fractions of a second, perform normally
over a broad temperature range of -40 to +65 degrees Celsius,
operate consistently through one million or more charge/discharge
cycles and resist shock and vibration.
Ultra capacitors ability to charge and discharge rapidly enables
them to efficiently capture regenerative braking energy and provide
instant power for acceleration. Moreover, their long operational
life and minimal maintenance requirements prove to be a very
cost-effective energy storage solution for hybrid buses.
Currently, Maxwell ultra capacitors are powering approximately
4,000 hybrid transit buses that are in service worldwide, and are
being employed in several other transportation applications
including a stop-start idle elimination system developed by
Continental AG for micro hybrid diesel automobiles, now being
produced by PSA Peugeot Citroen in Europe.
Maxwell Technologies’ top-line growth should be fueled by the
expected increase in ultracapacitor sales through a production
ramp-up for automotives, as well as its focus on improving its cost
structure and the steady demand from heavy transportation, wind,
braking recuperation and automotive programs.
In the near term, however, downside risks include the rate of
penetration for ultracapacitor technology into broader markets, a
higher cost structure for ultracapacitor production, R&D
overheads and earnings dilutive equity issuances. The company
presently retains a short-term Zacks #3 Rank (Hold) that
corresponds with our long-term Neutral recommendation on the
stock.
Headquartered in San Diego, California, Maxwell is a leading
developer and manufacturer of innovative, cost-effective energy
storage and power delivery solutions. Its ultracapacitor cells and
multi-cell modules provide safe and reliable power solutions for
applications in consumer and industrial electronics, transportation
and telecommunications.
The company’s 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. The
company mainly competes with National Semiconductor
Corporation (NSM) and Panasonic
Corporation (PC).
MAXWELL TECH (MXWL): Free Stock Analysis Report
NATL SEMICON (NSM): Free Stock Analysis Report
PANASONIC CORP (PC): Free Stock Analysis Report
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