Maxwell Technologies reported revenue of $17.3 million for its first quarter ended March 31, 2008, an increase of 38 percent over the $12.6 million recorded in the same period in 2007. First quarter 2008 net loss of $5.6 million, compared with $4.0 million, in the same period last year, was affected by a non-cash negative swing of approximately $2.5 million, in the change in fair value of conversion features of convertible debentures issued in 2005. Boostcap ultracapacitor revenue for Q108 increased by 64 percent to $5.4 million, compared with $3.3 million for the same period last year. The company’s high voltage capacitor and microelectronics product lines also generated increased sales, combining for Q108 revenue of $12.0 million, up 29 percent from the $9.3 million recorded in Q107.