Tuesday, April 11, 2017

Maxwell Technologies Reaches Board Deal With Investor

San Diego-based Maxwell Technologies, the technology developer which is now focused on ultracapacitor energy storage technology, said it has reached a deal with investor Viex Capital Advisors, LLC, to appoint a board member. The company said it has agreed to appoint John Mutch as an independent director to the company. Mutch was selected by Viex but, according to the company, is not an affiliate or associate of Viex. Viex said the appointment would help support the company to "drive sales growth and profitability for the benefit of all shareholders."