Ultracapacitor Module Supports Efficient Restarting to Maximize CO2 Emission Reduction

Maxwell Technologies Inc. (Nasdaq: MXWL) announced today that Automobili Lamborghini S.p.A., a leading producer of luxury sports cars, will incorporate Maxwell ultracapacitors to support a stop-start idle-elimination system in all Lamborghini's Aventador cars which will go into production in late 2012.

The idle-elimination system is an important element of Lamborghini's announced program to reduce its new models' CO2 emissions by 35 percent by 2015. Incorporating the six-cell ultracapacitor module for added cranking power to ensure efficient restarting for the 12-cylinder, 700-horse power Aventador also enabled Lamborghini to reduce the size and weight of the battery to further enhance performance.

The system originally was designed by Dimac, Maxwell's ultracapacitor distribution partner in Italy. The production system will be supplied by the Continental Engineering Services unit of Continental AG, one of the world's leading automotive electronics and mechatronics suppliers.

Stop-start idle-elimination systems reduce fuel consumption and emissions by shutting off a car's internal combustion engine as the vehicle slows, and seamlessly restarting the engine when the driver requires to drive off. Ultracapacitors provide burst power to re-start the engine, relieving the car's battery of high current, repetitive cycling that can shorten battery life.

"This design win with one of the world's leading producers of high-performance autos provides additional validation of ultracapacitors as an enabling technology for fuel-efficiency and reduced emissions in passenger, commercial and public transit vehicles," said David Schramm, Maxwell's president and chief executive officer. "We continue to focus on penetrating the large and strategically important automotive and transportation markets by aligning ourselves with industry leaders such as Lamborghini and Continental, and continuously strengthening our design, engineering and production capabilities."

About Automobili Lamborghini S.p.A.: Founded in 1963, Automobili Lamborghini is headquartered in Sant'Agata Bolognese, in Northeastern Italy. There it manufactures some of the world's most sought-after super sports cars. With the introduction of the best-in-class Aventador LP 700-4 in 2011 and with this year's presentation of the SUV concept car Urus at the Beijing Auto Show, Lamborghini has marked another milestone in the history of luxury super sports cars.

With more than 120 dealerships worldwide, Automobili Lamborghini is building on a succession of extreme and exclusive super sports cars including the 350GT, Miura, Espada, Countach, Diablo, Murciélago, Reventón Coupe, Reventón Roadster, Gallardo LP 560-4 Coupé and Spyder, Gallardo LP 570-4 Superleggera and the open version LP 570-4 Spyder Performante. For more information, please visit www.lamborghini.com.

About Continental Engineering Services: Since 2006 Continental Engineering Services (CES) has been active worldwide as an independently operating provider of comprehensive engineering services.

About Dimac: establish in 1979, Dimac is actively promoting Hi Tech products into the Aerospace, Military and Automotive European Markets. Since 2005 it is promoting research activities on the supercapacitor technology to develop and to supply Custom, Hybrid, Innovative, Plug-in Energy Storage Solutions. For more information, please visit www.dimacred.it.

About Maxwell: Maxwell is a leading developer and manufacturer of innovative, cost-effective energy storage and power delivery solutions. Our ultracapacitor products provide safe and reliable solutions for applications in consumer and industrial electronics, automotive, transportation and information technology. Our CONDIS® high-voltage grading and coupling capacitors help to ensure the safety and reliability of electric utility infrastructure. Our 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 www.maxwell.com.