Looking at key ultracapacitor markets, wind turbine deployments in China and elsewhere continue to be well below levels seen in previous years, so wind-related ultracapacitor sales were lower than a year ago. However, our sales in the hybrid bus drive systems in China continue to be steady, and contributions from a stop-start idle elimination system for autos in Europe and various backup power applications enabled us to sustain our year over year growth.Looking ahead, an increase in recent order activity and intelligence from various sources in China, including forecasts from several of our customers, indicate that wind farm installations, both on and off shore, can be expected to move toward a more normal level over the next few quarters.
Maxwell Technologies' CEO Discusses Q1 2012 Results - Earnings Call Transcript
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