-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IpKnalH4YUgEjhnCT3AMDiL4o/dsoTztV+WkD2msY7k2Lz1+iZI4P6R+PYgEd9La 6aFsv79qmhUjNpvegX+oPQ== 0000936392-97-001476.txt : 19971111 0000936392-97-001476.hdr.sgml : 19971111 ACCESSION NUMBER: 0000936392-97-001476 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19971030 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19971110 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: MAXWELL LABORATORIES INC /DE/ CENTRAL INDEX KEY: 0000319815 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPUTERS [3571] IRS NUMBER: 952390133 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-10964 FILM NUMBER: 97712057 BUSINESS ADDRESS: STREET 1: 9275 SKY PARK COURT CITY: SAN DIEGO STATE: CA ZIP: 92123 BUSINESS PHONE: 6192795100 MAIL ADDRESS: STREET 1: 8888 BALBOA AVE STREET 2: 8888 BALBOA AVE CITY: SAN DIEGO STATE: CA ZIP: 92123 8-K 1 FORM 8-K 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Act of 1934 Date of Report (Date of earliest event reported) November 10, 1997 (October 30, 1997) ----------------------------- Maxwell Technologies, Inc. - ----------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 0-10964 95-2390133 - ----------------------------------------------------------------------------- (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 9275 Sky Park Court, San Diego, California 92123 - ----------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (619) 279-5100 --------------------------- Not applicable - ----------------------------------------------------------------------------- (Former name or former address, if changed since last report.) 2 ITEM 5. OTHER EVENTS. Attached hereto as Exhibit 99.1 is the press release issued by Maxwell Technologies, Inc. dated November 4, 1997 which is hereby incorporated by reference herein. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) EXHIBITS. 99.1 Press Release dated November 4, 1997. 2 3 Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: November 10, 1997 MAXWELL TECHNOLOGIES, INC. By: /s/ DONALD M. ROBERTS ---------------------------- Donald M. Roberts Secretary and General Counsel 3 4 EXHIBIT INDEX
Exhibit Number Description - ------- ----------- 99.1 Press Release dated November 4, 1997.
EX-99.1 2 EXHIBIT 99.1 1 EXHIBIT 99.1 [MAXWELL TECHNOLOGIES LETTERHEAD] PRESS RELEASE FOR IMMEDIATE RELEASE Contact: Tracy Perry Vice President, Corporate Communications (619) 576-7547 URL http://www.maxwell.com/ PACIFICORP MAKES EQUITY INVESTMENT IN MAXWELL'S ENERGY PRODUCTS SUBSIDIARY AS PART OF A STRATEGIC RELATIONSHIP FOR ULTRACAPACITOR APPLICATIONS ------------ NOVEMBER 4, 1997, SAN DIEGO, CA....MAXWELL TECHNOLOGIES, INC. (NMS-MXWL) announced today that its Energy Products subsidiary has signed an agreement with PacifiCorp Energy Ventures, Inc., a unit of PacifiCorp Holdings (NYSE-PPW), to jointly pursue applications for Maxwell's PowerCache(TM) ultracapacitor in the stationary power and energy services market. PacifiCorp will provide $5 million in cash in addition to certain equipment and other assets with an aggregate cost to PacifiCorp of approximately $2 million and will receive a 7.5% equity interest in Maxwell Energy Products, Inc., as well as preferred access to the technology, marketing and supply rights and continued product development. PacifiCorp has the option after one year to exchange its equity in Energy Products for Maxwell Technologies common stock based on relative value at that time. Further terms of the arrangement were not disclosed. According to Kenneth F. Potashner, chairman and chief executive officer of Maxwell: "We are pleased to be entering into this relationship with PacifiCorp and look forward to pursuing opportunities with our new partner. We also welcome David Hoffman, vice president of PacifiCorp, as a new member of the Board of Directors of Maxwell Energy Products, Inc." Added Mr. Hoffman: "Our arrangement with Maxwell's Energy Products subsidiary is consistent with our statement of last year that PacifiCorp was seeking equity interests in emerging technologies that would be of strategic benefit to our core business sectors. We were looking for technologies that would enhance our competitive position in emerging deregulated markets, and Maxwell's PowerCache(TM) ultracapacitors have demonstrated that they meet these criteria." 2 [MAXWELL LETTERHEAD] The two firms signed an agreement last year on a program for determining applications of Maxwell's ultracapacitor technology in the utilities, manufacturing, and telecommunications fields. Pursuant to that initial agreement, Maxwell Energy Products has shipped a 56 volt ultracapacitor bank to PacifiCorp for evaluation. The system met or exceeded all of PacifiCorp's performance specifications, and two additional banks, one of 56 volts and another of 170 volts, are now being manufactured. Maxwell Technologies is a leader in pulsed power technologies, providing pulsed power based systems and components for a wide range of commercial applications and research and development for both commercial customers and the U.S. government. The Company's advanced technology solutions address diverse markets such as utilities, telecommunications, medical equipment and products, food processing and packaging and transportation. The Company also offers industrial computers and subsystems, primarily to OEMs in computer telephony and other markets, and software products and services, both for government research and for various commercial applications. Portland, Oregon-based PacifiCorp, one of the world's leading electrical utilities with operations overseas as well as in the United States, is a major owner and developer of coal and gas resources and producer and distributor of electric power. Except for historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties, including product development based on new technologies, applications and acceptance of new products in major markets, the impact of competitive products and pricing, and other risks detailed from time-to-time in the Company's SEC reports, including the report on Form 10-K for the year ended July 31, 1997. Actual results may differ materially from those projected. These forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update these forward-looking statements. ### -----END PRIVACY-ENHANCED MESSAGE-----