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Telecommunications equipment industry

Maxwell Technologies Inc. Announces $20 Million Order from Siemens ElectroCom L.P.

Strategic Insights

— 1 min read

Maxwell Technologies Inc. and its subsidiary, I-Bus, have secured a major design win with Siemens ElectroCom L.P. in a $20 million deal. The order, valued at $20 million, will see I-Bus supplying fully integrated PC platforms for a Siemens database server project aimed at mail sorting applications for the United States Postal Service. This significant contract follows a recent $7 million order awarded to I-Bus on a project with Siemens for mail forwarding requirements of the U.S. Postal Service. The partnership between Maxwell Technologies and Siemens further solidifies I-Bus' presence in the growing industrial automation market.

Key Takeaways:

  • Maxwell Technologies Inc.'s subsidiary, I-Bus, received a $20 million purchase order from Siemens ElectroCom L.P. for fully integrated PC platforms in a database server project for the United States Postal Service.
  • The order is in addition to a recent $7 million contract awarded to I-Bus on a mail forwarding project with Siemens for the U.S. Postal Service.
  • I-Bus will provide first-class integration solutions to Siemens, enabling them to focus on product support for customers such as the U.S. Postal Service.
  • The partnership continues I-Bus' aggressive pursuit of industrial automation applications and reinforces its reputation as a leader in industrial computer solutions.
  • I-Bus is an ISO 9001 quality certified world leader in designing, manufacturing, and supporting high-performance CPU boards, backplanes, and enclosures for industrial-grade computer systems.
  • Maxwell Technologies is a leader in pulsed power technologies, offering advanced solutions for diverse markets, including utilities, telecommunications, and medical equipment.

Statistics:

  • The $20 million order is valued over an 18-month delivery period.
  • Maxwell Technologies' I-Bus subsidiary has secured contracts totaling $27 million in 1999, with two significant recent orders from Siemens ElectroCom L.P.
  • Maxwell Technologies is a diversified technology company with operations in commercial applications, research and development, and the U.S. government.

Sources:

  • Business Wire, Feb. 10, 1999
  • Maxwell Technologies Inc., press release, Feb. 10, 1999

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