Maxwell Receives Anticipated NASDAQ Non-Compliance Notification Letter

Maxwell Technologies

announced today that it received on March 20, 2013 the anticipated notification letter from the Listing Qualifications Department of the NASDAQ Stock Market LLC ("NASDAQ") advising the company that, due to its inability to file with the Securities and Exchange Commission its annual report on Form 10-K for its fiscal year ended December 31, 2012 on a timely basis, the company is not in compliance with NASDAQ Listing Rule 5250(c)(1) for continued listing. This notification was issued in accordance with standard NASDAQ procedures and has no immediate effect on the listing or trading of the company's common stock on the NASDAQ Global Market. The NASDAQ letter indicated that the company has until May 20, 2013 to submit a plan explaining how it expects to regain compliance. If NASDAQ approves Maxwell's plan, it can grant the company an extension of up to 180 calendar days from the due date of the Form 10-K (or until September  16, 2013) to regain compliance. (Logo:  http://photos.prnewswire.com/prnh/20121018/LA91771LOGO) About Maxwell Technologies, Inc. Maxwell is a leading developer and manufacturer of innovative, cost-effective energy storage and power delivery solutions. Our ultracapacitor products