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Maxwell sells high voltage product line to focus on EV energy storage business

Transaction includes USD55.1 million in cash and up to USD15 million in potential future milestone payments

Maxwell Technologies has sold off its high voltage (HV) product line to Renaissance Investment Foundation for USD55.1 million in cash and up to USD15 million in potential future milestone payments to a special purpose holding entity and affiliate of Renaissance Investment Foundation ("Renaissance"), the company announced in a press release last month.

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