Maxwell Technologies, Alain Riedo, BOOSTCAP

Riedo becomes Corporate Senior VP at Maxwell Technologies

News Release from: Maxwell Technologies
08 May 2006

Maxwell Technologies has announced that Alain Riedo, general manager of the company's Maxwell
Technologies SA subsidiary, has been promoted to senior vice president and appointed a corporate officer.

Riedo, 48, joined the company's Swiss unit, formerly known as Montena Components, in 1988 as director of sales, and was promoted to genera manager in 1994. Maxwell retained Riedo as general manager of Maxwell SA when it acquired Montena in 2002. He negotiated the divestiture of several
non-core product lines in 2002 and 2003, and continued to oversee management
of the CONDIS® line of high voltage capacitor products as well as BOOSTCAP® ultracapacitor manufacturing in Switzerland. In November 2005 his role was expanded to include overall responsibility for Maxwell's global ultracapacitor sales organization.