Maxwell Introduces First Fully Qualified and Radiation Characterized Die-Based Memory Component for the Space Industry

New SDRAM Is the Highest Performance Space-Qualified Volatile Memory Solution Available

Maxwell Technologies, Inc. today announced the release of its
newest memory product, a 256Mb Synchronous Dynamic Random Access Memory
(SDRAM) — the highest performance memory component available to the space
market. This is the first space-qualified and radiation characterized SDRAM
that is not repackaged plastic components, but rather packaged bare die.

“This new SDRAM is another first-in-the-market for Maxwell, and another
superior component for space that utilizes the latest technology in volatile
memory,” stated Rich Balanson, President and CEO of Maxwell Technologies. “It
makes possible a significant increase in speed and density — opening market
opportunities for the company in high-performance memory solutions. This
newest SDRAM also represents the latest in a line of advanced components
offered to the space community which are being created from a product strategy
of guaranteed performance, guaranteed radiation tolerance, and guaranteed
life-of-the-application availability.”

SDRAM represents the latest technology in volatile memory. SDRAM has
evolved from the limitations of conventional DRAM by incorporating a
high-speed interface. Maxwell’s SDRAM is designed for high-speed, high-volume
memory-intensive processing applications, such as image processing and
broadband data transfer. Features include: the first and only die-based
solution; 256Mb of memory organized as 4-Megs x 16-bits x 4-banks; 68-pin
RAD-PAK® package; and multiple power modes that allow low power operation.
Access speed of the component is 100MHz — the fastest available for the space
industry.

“SDRAM also represents the latest in commercial technology, and Maxwell
has developed a die-based product that provides complete wafer-lot
traceability, as well as unparalleled memory performance and density to the
space market,” stated Chad Thibodeau, Product Manager for Maxwell’s
Microelectronics product line. “We have performed extensive characterization
on both the radiation and electrical performance for our SDRAM product to
qualify its application for space environments and facilitate its adoption as
the most advanced memory solution.”

Comprehensive testing for both radiation and electrical performance, has
verified that error detection and correction will play a significant role in
the successful deployment of SDRAM in space. Through its radiation
characterization and proposed mitigation techniques, Maxwell will be providing
not just a component for the space market, but rather a solution to address
the need for more advanced memory. Maxwell’s 256Mb SDRAM represents the
initial offering in an evolving line of state-of-the-art memory components for
space.

Maxwell sells reliability. We develop, manufacture and market electronic
components and systems that perform reliably for the life of the end products
into which they are integrated. Our power products address applications in
transportation, telecommunications, consumer and industrial electronics,
electric utility infrastructure and medical imaging. Our microelectronic
products primarily address applications in aerospace. Our power product lines
are comprised of ultracapacitors, high voltage capacitors, and custom power
and energy storage systems. Our microelectronic product lines are comprised
of radiation-shielded power modules, memory modules, and single board
computers. We also design and sell automated winding equipment used to
manufacture metalized film capacitors and lithium batteries.

This news release contains forward-looking statements that are subject to
risks and uncertainties. These include development and acceptance of products
based on new technologies, demand for original equipment manufacturers’
products reaching anticipated levels, general economic conditions in the
markets served by the companies’ products, cost-effective manufacturing of new
products and the impact of competitive products and pricing. These and other
risks are detailed from time-to-time in Maxwell Technologies’ SEC reports,
including their reports on Form 10-K for the fiscal year ended
December 31, 2001. Actual results may differ materially from those projected.
These forward-looking statements represent the Company’s judgment as of the
date of this news release. The Companies disclaims any intent or obligation
to update these forward-looking statements.