15 January 2025
CAP-XX
Limited
("CAP-XX" or "the
Company")
First shipment to SCHURTER AG
("SCHURTER")
CAP-XX Limited (AIM: CPX), a world
leader in the design and manufacture of thin, prismatic
supercapacitors and energy management systems, is pleased to
announce that the first shipment of co-branded supercapacitor
products is en route to SCHURTER's warehouse in Switzerland.
Following delivery, CAP-XX will be raising its first invoice for
these products pursuant to the agreement between CAP-XX and
SCHURTER.
SCHURTER and CAP-XX established a
strategic technology partnership, formalised through a memorandum
of understanding, which was announced on 16 July 2024. This
collaboration focuses on the joint development of innovative
supercapacitor products combining CAP-XX's expertise in
supercapacitor technology and SCHURTER's extensive experience in
electronic components distribution. The partnership was prominently
showcased in Munich at Electronica 2024 in November 2024, the
world's largest electronics trade fair, where both companies
presented their joint supercapacitor products to a global
audience. The partnership aims to deliver advanced energy
storage solutions across various industries, including automotive,
IoT, industrial automation and consumer electronics.
Bruno Zemp, CTO of SCHURTER AG:
"This first shipment of supercapacitors represents a significant
next milestone in our great partnership with CAP-XX and is equally
fantastic news for our customers."
Lars Stegmann, CEO of CAP-XX,
added, "We are delighted that this first
shipment of CAP-XX product for SCHURTER has left our Seven Hills
facility and our team in Australia looks forward to continuing to
work with them to deliver further product in due course.
SCHURTER is both a strategic partner and
shareholder in CAP-XX and this first shipment is an important first
step in our commercialisation journey."
For
further information contact:
CAP-XX Limited
Pat Elliott
(Chairman)
+61 (2) 9157 0000
Lars Stegmann (Chief Executive
Officer)
Allenby Capital (Nominated Adviser and
Broker)
David Hart/Piers Shimwell (Corporate
Finance)
+44 (0) 20 3328 5656
Jos Pinnington/Tony Quirke (Sales
and Corporate Broking)
Notes to Editors:
CAP-XX (LSE: CPX) is a leader in the
design and manufacture of thin, flat supercapacitors and energy
management systems used in portable and small-scale electronic
devices, and to an increasing extent, in larger applications such
as automotive and renewable energy. The unique feature of CAP-XX
supercapacitors is their very high-power density and high energy
storage capacity in a space-efficient prismatic package. These
attributes are essential in power-hungry consumer and industrial
electronics and deliver similar benefits in automotive and other
transportation applications.
For more information about CAP-XX,
visit www.cap-xx.com