Maxwell Tech Prices $17.6M Share Offering

Maxwell Technologies, Inc. (Nasdaq: MXWL - News) announced today that it has priced the sale of two million shares of its common stock in a public offering underwritten by Roth Capital Partners, resulting in gross proceeds to the company of approximately $17.6 million. All of the stock is being offered by the company, and the transaction is expected to close on May 22, 2009, subject to customary closing conditions. The company plans to use the proceeds for working capital and general corporate purposes. In addition, the company has granted Roth Capital Partners an over allotment option to purchase up to 300,000 additional shares.