Maxwell Technologies names Thibault Kassir VP and GM, Energy Storage Products

SAN DIEGO, May 1, 2017 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL) ("Maxwell"), a leading developer and manufacturer of ultracapacitor-based energy storage and power delivery solutions, today announced the appointment of Thibault Kassir as Vice President and General Manager, Energy Storage Products. With over 24 years of business and technical knowledge combined with considerable experience in Asia, Kassir will oversee Maxwell's global energy storage product line, tasked to build on recent momentum and to drive future growth.

Kassir's expertise includes engineering leadership and management, new product development, sales and business development, innovation and business growth. His background includes several roles at On Semiconductor, a supplier of silicon solutions for energy efficient electronics including products for discrete and custom devices in automotive, smart grid and power applications, where, as Director and General Manager, he maintained full P&L responsibility for all product and technology creation. Most recently, he served as Vice President, Product Management, Consumer Division at Knowles Corporation where he grew revenues to exceed $600 million.

"We are very pleased to have such an experienced executive lead our energy storage team as we build upon our existing strengths and develop in new and exciting directions to ensure the sustained growth of our business," said Dr. Franz Fink, Maxwell's President and CEO. "I am confident that with the expertise and insight Thibault will bring to our already outstanding team, Maxwell will continue to push the envelope and set new standards in product excellence delivering world class solutions to market."

"Maxwell is a leader in energy storage solutions with a wealth of opportunities for growth, especially as it relates to the electrification of vehicles with applications such as E-active suspension and E-turbos, and in grid energy storage," said Thibault Kassir. "I am very much looking forward to leading and empowering the global team to develop products that will enhance and broaden our reach and deepen our relationship with our customers. I firmly believe we have tremendous growth ahead and am excited to get started."

Mr. Kassir holds a MSE in Microelectronics and Automated Control Systems from the Institut National Polytechnique in Toulouse, France and an MBA in Marketing and Corporate Finance from the Joseph M. Katz Graduate School of Business at the University of Pittsburgh.

About Maxwell

Maxwell is a global leader in the development and manufacture of innovative, cost-effective energy storage and power delivery solutions. Our ultracapacitor products provide safe and reliable power solutions for applications in consumer and industrial electronics, transportation and telecommunications. Our high-voltage grading and coupling capacitors help to ensure the safety and reliability of electric utility infrastructure and other applications involving transport, distribution and measurement of high-voltage electrical energy. For more information, please visit our website: www.maxwell.com.

Investor Contact:  Soohwan Kim, CFA, The Blueshirt Group, +1 (858) 503-3368, ir@maxwell.com

Media Contact:  Sylvie Tse, Metis Communications, +1 (617) 236-0500, maxwell@metiscomm.com

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SOURCE Maxwell Technologies, Inc.