RCS - CAP-XX Limited - CAP-XX collaboration with UNSW

CAP XXAnnouncement

26/05/2022 07:00

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RNS Number : 8440M  CAP-XX Limited  26 May 2022

 

 

 

REACH: non-regulatory announcement

 

 

26 May 2022

 
 
CAP-XX Limited

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

 

CAP-XX collaboration with University of New South Wales, Sydney, drives 3-volt
supercapacitor optimisation

 

 

CAP-XX Limited, a world leader in the design and manufacture of thin, flat
supercapacitors and energy management systems, is pleased to announce that
following its collaboration with the University of New South Wales (UNSW, or
the University), Sydney, it has today posted on its web site
https://www.cap-xx.com/corporate-videos/
(https://www.cap-xx.com/corporate-videos/) a short video produced by the
University outlining its collaborative work with CAP-XX on the optimisation of
supercapacitor performance.

 

CAP-XX has been working with UNSW since 2017, when the University set up a
series of sophisticated experiments to improve the leakage, current and
lifetime performance in cells, under the leadership of Professor Neeraj.
Professor Neeraj used the advanced capabilities available at UNSW to analyse
the cell performance of CAP-XX's supercapacitors at the microscopic and
molecular level.

 

As a direct result of a tailored programme of research started in 2019,
Professor Neeraj has enabled CAP-XX's R&D team to improve its
understanding of the various mechanisms occurring within the cells.  This has
resulted in new IP, which has a direct commercial application in the
development of CAP-XX's new 3 volt (3V) product which incorporates this IP.
The result is a supercapacitor with exceptionally low leakage current. Low
leakage current is arguably the single most important parameter when
considering a 3V supercapacitor being directly connected to a battery,
especially a non-rechargeable battery.

 

The Company is currently in preparation for the launch of the new 3V
supercapacitor at the end of 2022, which will utilise the former Murata
production lines now installed at the Company's Seven Hills facility in
Sydney, Australia. The Company had planned to do this work at its Malaysian
manufacturing site but continual delays caused by COVID and the results from
UNSW prompted the Company to pivot back to using the Sydney site.

 

The 3V supercapacitor, when launched, will provide a high-performance
complement to traditional 3 volt coin cell batteries.

 

Anthony Kongats, Chief Executive, said:

 

'Following the recent announcement of our proposed joint venture with Ionic
Industries, which involves technology developed at Monash University, I am
pleased to be able to point to how CAP-XX's collaboration with university
partners, such as this example with the University of New South Wales, can
lead to direct commercial applications which can enhance the performance of
our supercapacitors."

 

For further information contact:

 

CAP-XX Limited

Anthony Kongats (Chief Executive Officer)
      +61 (0) 2 9428 0139

 

Kreab (Financial PR)

Robert Speed
                               +44 (0) 20 7074 1800

 

Allenby Capital (Nominated Adviser and Joint Broker)

David Hart / Alex Brearley (Corporate Finance)
  +44 (0) 20 3328 5656

Tony Quirke (Sales and Corporate Broking)

 

Cenkos Securities plc (Joint Broker)

Neil McDonald / Pete Lynch
                                   +44 (0)
13 1220 6939

 

More information is available at www.cap-xx.com (http://www.cap-xx.com)

 

Notes to Editors:

 

CAP-XX (LSE: CPX) is a world 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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