I saw a recent announcement where the Mercedes-Benz Car Group has a contract with Maxwell to develop a new Boostcap ultracapacitor cell. That is a great contract.  They will be designing it to meet the energy storage and power delivery requirements of the Mercedes advanced hybrid electric drive train program.  It will incorporate a braking energy recuperation system that enables it to increase fuel efficiency and reduce emissions.

"Mercedes-Benz is a global automotive technology leader, so working more closely with its research and development organization will give us the opportunity to demonstrate Maxwell's capabilities as a supplier for future series production programs," said David Schramm, Maxwell's CEO.

I think this contract is tremendous news for Maxwell since they just released a total net loss of 2.6 million for their third quarter.  The BoostCap ultracapacitor revenue continues to do well.. it increased 28 percent from 3.9 million in Q207 to $5.0 million in Q307. 

The ultracapacitor market is looking bright.