MANHASSET, N.Y. Maxwell Technologies Inc. has formed a toll manufacturing alliance with Belton Technology Group, a major Chinese manufacturer of precision components, flex circuits, circuit boards and other products, to produce Maxwell's Boostcap ultracapacitors and multi-cell modules.
Richard Balanson, president and chief executive of Maxwell (San Diego), said that the offshore manufacturing alliance enables the company to tap into Belton's large existing factories, supply chain operations and 20,000-person production workforce to ensure that Maxwell can ramp production to keep pace with the rapidly escalating ultracapacitor demand expected.
Balanson said that Maxwell will continue to produce its proprietary carbon powder electrode material internally and deliver it to Belton plants for assembly into finished ultracapacitor cells and modules.
H.P. Chan, president and chief executive officer of Belton Technology Group, said that Belton seeks to align itself as a manufacturing partner with technology leaders in their respective industries.
"We are excited about this expanded alliance with Maxwell," Chan said. "Belton’s proven high-volume quality manufacturing and supply chain capabilities and Maxwell’s ultracapacitor technology, product designs and worldwide marketing and distribution network will make a powerful combination."