RCS - CAP-XX Limited - Appointment of CTO and Technology Update

CAP-XXAnnouncement

25/06/2024 07:00

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RNS Number : 6781T  CAP-XX Limited  25 June 2024

REACH

 

25 June 2024

CAP-XX Limited

("CAP-XX" or "the Company")

Appointment of CTO and Technology Update

The Board of CAP-XX Limited, a world leader in the design and manufacture of
supercapacitors and energy management systems, is pleased to announce the
appointment of Dr Alex Bilyk as Chief Technology Officer (CTO) and to update
the market on technology developments at the Company.

Appointment of Chief Technology Officer (CTO)

Dr Alex Bilyk has been appointed as Chief Technology Officer of the Company in
a non-Board capacity, having previously been Head of R&D.

 

Alex completed his undergraduate degree with honours in Chemistry at the
University of Western Australia. He then pursued his PhD in Chemistry at the
University of Sydney following which he returned to the University of Western
Australia for a three-year post-doctoral project, which included a prestigious
three-month visiting scientist position at the University of Strasbourg.

 

Alex brings a wealth of experience in supercapacitors, synthetic chemistry,
polymer chemistry, surface modification, material synthesis, and computational
chemistry. His diverse expertise is complemented by a deep passion for
industrial research and a strong commitment to the creation, protection, and
management of intellectual property. As a key player at CAP-XX for the last
ten years, Alex has been instrumental in driving innovation in the field of
energy storage.

 

Technology and Product Development Update

 

Further to the Company's previous announcements and alongside its suite of
existing products, CAP-XX is pleased to provide an update on two new important
products that continue to be developed and have the potential to make a
significant impact on the supercapacitor industry as well as opening new
markets for CAP-XX. The first is the DMH Prismatic Series which are pouch
supercapacitors, less than 500 microns thick, developed for the consumer
electronics industry. The second is the SMT Cylindrical Series, a class of
cylindrical supercapacitors utilising the Company's unique surface mount
technology ("SMT"). This product can go throw a reflow oven; transforming the
industry which currently uses wave or hand soldering.

 

Progress with the DMH Prismatic Series

 

CAP-XX is pleased to report that samples are now ready for customer
evaluation. In tandem with this, the Company will continue to commission
production equipment, including downstream equipment for inline device testing
for quality control.

CAP-XX has been commissioning a new production line for the manufacture of
very thin supercapacitors that are less than 500 microns thick. This new
product, branded the DMH series and measuring 20mm x 20mm x 0.4mm, is far
thinner than any other supercapacitor currently available on the market. The
DMH supercapacitor will be a unique offering to customers, providing a thin
form factor whilst maintaining extremely high-power performance. The DMH cells
connected in series can provide a peak current of 5 amps with an operating
voltage of 4.2V, a significant power output for such a small device. There are
significant market opportunities for the DMH product in applications such as
smart cards and wearable devices, where a thin form factor is a crucial
requirement.

CAP-XX has already announced that a pre-series batch of DMH parts has been
fabricated on its assembly equipment which includes the steps of laminate
forming, electrode stacking, empty cell forming, electrolyte filling and
sealing. The initial laboratory evaluation of the pre-series batch is now
complete and shows trial parts successfully passed endurance specifications
for 1000 hours at 70°C and rated voltage. The testing of the first pre series
batch has shown CAP-XX can produce parts on the assembly equipment and samples
are now ready for customer evaluation.  The next stage is to continue
commissioning of production equipment, including downstream equipment for
inline device testing for quality control.

Progress with the SMT Cylindrical Series:

CAP-XX is pleased to report that it has successfully completed trials at an
outside facility using a production reflow oven using high temperature solder
paste. CAP-XX's SMT supercapacitors were successfully soldered onto a printed
circuit board, had excellent mechanical attachment, and exhibited good
electrical functionality after the reflow process. Full endurance testing of
the newly reflow soldered parts are underway.

CAP-XX has made considerable progress in the development of its new
cylindrical surface mount technology. SMT will be a unique product in the
market for small supercapacitors with capacitances ranging from 0.1F to 20F.
The SMT will allow supercapacitors to be soldered onto printed circuit boards
("PCBs") using the reflow oven process which is the preferred industry method
for the manufacture of PCBs. Apart from taking market share from existing
supercapacitor sales, the Board believes the SMT will accelerate the growth in
supercapacitor sales by eliminating a key barrier for technology uptake for
many potential high-volume customers.

Lars Stegmann, CAP-XX Chief Executive commented: "I am confident that in his
new role as CTO, Alex will continue to lead our technological advancements and
contribute significantly to our success. In addition to his technical prowess,
Alex is a dedicated mentor, having guided many young scientists in their
careers. His collaborative approach has fostered strong partnerships with
leading research institutions and industry players."

 

"I am also delighted with the progress CAP-XX is making with its DMH and SMT
products.  These have the ability to be significant revenue contributors to
CAP-XX in the coming years."

 

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

Tony Quirke / Stefano Aquilino (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
(http://www.cap-xx.com)

 

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