Maxwell Technologies appoints Olaf Müller senior vice president of global sales

SAN DIEGO, Sept. 28, 2016 /PRNewswire/ -- Maxwell Technologies, Inc. (NASDAQ: MXWL), a leading developer and manufacturer of ultracapacitor-based energy storage and power delivery solutions, today announced Olaf Müller has joined the company as senior vice president of global sales. A veteran of the automotive industry with deep expertise in sales and business development, Müller is tasked with supporting Maxwell in its efforts for continued worldwide growth and demand for the company's energy storage and power delivery solutions.

Müller comes to Maxwell from Benteler Automotive, a developer of ready-to-install modules, components and parts for vehicle bodies, chassis and engines, where he served as global head of CoC casting and CFK products, as well as executive vice president of the chassis and modules business unit.

"Olaf's proven track record of building strong customer relationships, coupled with his extensive experience in the automotive industry make him the ideal leader for our global sales team," said Dr. Franz Fink, Maxwell's president and chief executive officer. "I look forward to working with Olaf as we continue to build on our momentum in driving revenue diversification and growth."

"I'm very excited to join Maxwell and to help in extending its leadership position in advanced energy storage solutions," said Olaf Müller. "The company has a strong and innovative product portfolio and I look forward to bringing my experience to Maxwell and working with its management team to penetrate existing and new markets and create value for shareholders and customers."

About Olaf Müller: A 20-year veteran of sales organizations on four continents, Müller also served as head of product management and director of global sales, marketing and innovation at TRW overseeing Asia Pacific, Europe and The Americas. Müller earned his mechanical engineering degree at Germany's Darmstadt University of Applied Sciences.

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.

For more information, contact:
Media: Sylvie Tse, Metis Communications: [phone], [e-mail]

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SOURCE Maxwell Technologies, Inc.

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