Subj: Maxwell Technologies' Wins GE Medical Design and...
Date: 1/19/99 5:28:46 PM Eastern Standard Time
From: AOL News
BCC: JerryCo
Maxwell Technologies' Wins GE Medical Design and Development Contract With Potential Value of $15 Million; PowerCache Ultracapacitor Designed Into Systems
SAN DIEGO--(BW HealthWire)--Jan. 19, 1999--Maxwell Technologies Inc. (NMS:MXWL) today announced that its Phoenix Power Systems operation which was acquired March of 1998, has been selected to design and develop power protection units for GE Medical Systems' next generation of advanced x-ray medical imaging devices.
Phoenix Power is providing modular uninterruptible power systems (UPS) and power distribution units (PDUs) that protect the delicate circuitry of x-ray equipment from energy fluctuations. A prototype unit is set for delivery this month and first article units are scheduled for delivery in March 1999.
"We expect to complete the development phase and be in production by year end. Based on GE Medical's expectations for its new imaging device, this project is potentially worth in excess of $15 million over 3-5 years to Maxwell," said Tom Horgan, interim chief executive officer of Maxwell Technologies. "Phoenix Powers' advanced technology products are being included in these state-of-the-art medical systems and are creating a solid foundation for future opportunities. In addition we have designed in PowerCache(TM) ultracapacitors to provide auxiliary power during module and battery changes."
Hassan Yarpezeshkan, president of Phoenix Power, said, "We have been working very closely with the GE Medical team this past year to become a Six Sigma supplier, GE's highest designation for quality, reliability and value-engineering. We are looking forward to continuing our alliance and assisting them in meeting their long-term goals."
According to Yarpezeshkan, Maxwell's UPS/PDU systems offer several advantages to medical equipment design engineers, including a small footprint, plug-and-play modular components, and the ability to communicate with a variety of medical imaging software.
GE Medical Systems is a leading global manufacturer of diagnostic imaging equipment and services, including conventional and digital x-ray, computer tomography (CT), magnetic resonance (MR), ultrasound, positron emission tomography (PET), nuclear medicine and healthcare information management. GE Medical recorded sales of more than $4 billion in 1997 and employs nearly 16,000 people worldwide.
Maxwell Technologies is a leader in pulsed power technologies, providing pulsed power based systems and components for a wide range of commercial applications and research and development for both commercial customers and the U.S. government. The company's advanced technology solutions address diverse markets such as utilities, telecommunications, medical equipment and products, food processing and packaging and transportation. The company also offers industrial computers and subsystems, primarily to OEMs in computer telephony and other markets, and software products and services, both for government research and for various commercial applications.
Except for historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertai |
