Maxwell, Digi-Key in Supply Deal - Analyst Blog
11 Maggio 2012 - 5:31PM
Zacks
Maxwell Technologies Inc. (MXWL) has entered
into an agreement with Digi-Key Corporation for the global
distribution of Maxwell’s products, mainly the ultra capacitors.
Digi-Key Corporation is a global electronic components distributor
that has been certified to have the industry's largest selection of
electronic components available for immediate shipment.
Being a market leader, Maxwell is committed to providing energy
storage and power delivery solutions that are lucrative,
energy-efficient and environment-friendly. The company is well
positioned to provide service to the most demanding
applications.
Ultracapacitors are energy storage devices featuring high power
density with long operational life. These have the ability to
charge and discharge very rapidly even at extreme temperatures.
Maxwell’s power delivery solutions are used for applications in
almost all kinds of industries including automotive, heavy
transportation, renewable energy, backup power, wireless
communications, and consumer and industrial electronics.
Recently, the company reported its first quarter 2012 results
with Ultracapacitor revenue of $22 million, up 3% year over year.
During the quarter, the company had witnessed steady demand for
ultracapacitor based energy storage systems to power hybrid
electric transit buses, backup power applications and stop-start
idle elimination systems in micro hybrid autos.
Industry trends indicate that Maxwell Technologies continues to
be the market leader in the budding ultracapacitor market. Going
forward, we expect top-line growth to be fueled by the increase in
ultracapacitor sales through a production ramp-up for automotives.
The company’s focus on improving its cost structure and the steady
demand from heavy transportation, wind, braking recuperation and
automotive programs would also drive growth.
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.
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. The company competes
with Panasonic Corporation (PC).
MAXWELL TECH (MXWL): Free Stock Analysis Report
PANASONIC CORP (PC): Free Stock Analysis Report
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