Earlier this month, Tesla announced plans to acquire Maxwell...

Earlier this month, Tesla announced plans to acquire Maxwell Technologies, an established, 380-employee ultracapacitor and storage materials firm for $218 million in an all-stock deal. It’s easy for a transaction of this sort to get lost in the Tesla media cycle.

Elon Musk was once intent on studying ultracapacitors at Stanford University, long before Tesla was even a gleam in his eye. Apparently, Musk is still charged up on the technology.

Maxwell’s total revenue was $91.6 million in the first nine months of 2018, with losses of $30.2 million. Revenue in 2017 was $130.3 million with losses of $43.1 million.

So why is Tesla paying above book value (but still not enough, according to some investors) for a money-losing firm (here’s Maxwell’s SEC filing)?

SR, the note above was dated 27th Feb 2019.
Back in 2017 Elon Musk predicted superCapacitors held tthe place for future battery tech in vehicles.
Christmas 2017 the ADO development team were highly exci ted by a breakthrough related to our secret sauce in Supercapacitors.
I guess patents lodged since that time includes coverage for “the breakthrough” that may hold value to Anteo.
There seems to be no end to the possibilities and, like PeterFred, I believe there would be a number of serious negotiations taking place in the POC and energy space over the next few weeks. Let’s hope they are as fruitful as we deserve. GLTA