RCS - CAP-XX Limited - Energous and CAP-XX Partnership

CAP XXAnnouncement

29/11/2022 07:00

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RNS Number : 8507H  CAP-XX Limited  29 November 2022

REACH: non-regulatory announcement

 

29 November 2022

 

CAP-XX Limited

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

 

Energous and CAP-XX Partner to Develop Battery-Free Wirelessly Powered IoT
devices for a Range of IoT Applications

 

CAP-XX's supercapacitors combined with Energous' wireless power technology to
enable maintenance-free IoT devices that do not require battery replacement

 

SAN JOSE, Calif. & SYDNEY, Australia - Energous Corporation
(https://energous.com/) (NASDAQ: WATT), a leading developer of RF-based
charging for wireless power networks, and CAP-XX (https://www.cap-xx.com/)
Limited (LSE:CPX) - the leading manufacturer of ultra-thin prismatic,
cylindrical, and Lithium-Ion supercapacitors - today announced a partnership
to develop solutions that combine Energous' WattUp technology with CAP-XX's
high-performance supercapacitors. The companies are partnering to pave the way
for battery free Internet of Things (IoT) devices powered by Energous's
wireless power technology and CAP-XX's long life supercapacitors.

 

"One of the critical challenges hindering large-scale IoT deployment is the
problem of constant battery replacement in each of those IoT devices," said
Cesar Johnston, CEO of Energous. "We are partnering with CAP-XX to eliminate
battery replacements and reduce cost of maintenance, thus enabling IoT devices
at scale."

 

CAP-XX is a leader in the design and manufacture of thin, flat supercapacitors
used in portable and small-scale electronic devices. Its supercapacitors
feature high power density and high energy storage capacity in a
space-efficient prismatic package, essential in internet-connected devices
deployed in space-constrained electronics applications. CAP-XX's thinnest
supercapacitor is 0.4mm thick, about half the thickness of a credit card.
CAP-XX supercapacitors provide peak power support for pulsed loads, secure
power back-up for mission critical applications, and battery-independent power
storage while also reducing the weight, cost and size of batteries, component
cost and number and environmental impact.

 

"The combination of our supercapacitors with Energous' WattUp over-the-air
wireless power technology will provide a much-needed solution to one of IoT's
main headaches: the need for constant battery replacement," said Anthony
Kongats, CEO at CAP-XX. "We are excited to work closely with Energous to
develop a groundbreaking solution for the fast-growing ecosystem of IoT
devices."

 

 

For further information contact:

 

 CAP-XX Limited                                        +61 (0) 2 9428 0139

 Anthony Kongats (CEO)

 Kreab (Financial PR)                                  +44 (0) 20 7074 1800

 Robert Speed

 Allenby Capital (Nominated Adviser and Joint Broker)  +44 (0) 20 3328 5656

 David Hart / Alex Brearley (Corporate Finance)

 Tony Quirke (Sales and Corporate Broking)

 Cenkos Securities plc (Joint Broker)                  +44 (0) 13 1220 6939

 Neil McDonald / Pete Lynch

 

About CAP-XX

CAP-XX (LSE:CPX) is the world leader in the design and manufacture of
ultra-thin prismatic and compact cylindrical supercapacitors. Its prismatic
supercapacitors are manufactured in Australia and Malaysia and its cylindrical
supercapacitors are manufactured in China. The company's strong intellectual
property (IP) portfolio includes 11 patent families. CAP-XX's ultra-thin
prismatic supercapacitors are ideal for space-constrained electronics
applications where small energy storage device size and thickness are
important. The unique feature of CAP-XX supercapacitors is their very
high-power density and high-energy storage capacity in space-efficient thin
prismatic and compact cylindrical packages. For more information about CAP-XX,
visit https://www.cap-xx.com/ (https://www.cap-xx.com/) or email
sales@cap-xx.com.

 

About Energous Corporation

Energous Corporation (Nasdaq: WATT) is the Wireless Power Network global
leader. Its award-winning WattUp® solution is the only technology that
supports both contact and distance charging through a fully compatible
ecosystem. Built atop fast, efficient, and highly scalable RF-based charging
technology, WattUp is positioned to offer improvements over older,
first-generation coil-based charging technologies in power, efficiency,
foreign device detection, freedom of movement and overall cost for industrial
and retail IoT, smart homes, smart cities and medical devices. Energous
develops silicon-based wireless power transfer (WPT) technologies and
customizable reference designs, and provides worldwide regulatory assistance,
a reliable supply chain, quality assurance, and sales and technical support to
global customers. The company received the world's first FCC Part 18
certification for at-a-distance wireless charging and has been awarded over
200 patents for its WattUp wireless charging technology to-date.

 

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