Maxwell Technologies Announces $13.6 Million Stock Financing

San Diego, CA — Maxwell Technologies, Inc. (Nasdaq: MXWL) announced today that it has priced the sale of 1.3 million shares of its common stock in a public offering underwritten by UBS Securities LLC, resulting in gross proceeds to the company of approximately $13.6 million. All of the stock is being offered by the company, and the transaction is expected to close on October 15, 2007, subject to customary closing conditions. The company plans to use the proceeds for working capital, debt repayment and general corporate purposes. In addition, the company has granted UBS Securities LLC an over allotment option to purchase up to 195,000 additional shares. Link.