RCS - CAP-XX Limited - MOU to advance research in new technology

CAP-XXAnnouncement

24/07/2024 07:15

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RNS Number : 6191X  CAP-XX Limited  24 July 2024

REACH

 

24 July 2024

CAP-XX Limited

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

 

CAP-XX and NUS Institute for Functional Intelligent Materials sign Memorandum
of Understanding to advance research in new technology and substrates

 

The Board of CAP-XX, a world leader in the design and manufacture of
supercapacitors and energy management systems, is pleased to announce the
signing of a Memorandum of Understanding ("MOU") with the National University
of Singapore's Institute for Functional Intelligent Materials ("NUS I-FIM") to
foster collaborative research and development efforts in the field of new
technology and substrates.

 

This strategic partnership aims to leverage the strengths of both institutions
to drive innovation and develop cutting-edge solutions that will shape the
future of technology.

 

Under the MOU, CAP-XX and NUS I-FIM, renowned for its expertise in scientific
research and technological innovation, will collaborate on a series of
initiatives aimed at advancing the state of the art in these critical areas.
This includes joint research projects, shared resources and facilities, and
the exchange of knowledge and expertise.

 

Lars Stegmann, CEO of CAP-XX, said, "This MOU with NUS I-FIM marks a
significant milestone in our journey towards pioneering advanced technologies.
By combining our practical industry experience with the institute's academic
prowess, we are poised to make ground-breaking advancements that will benefit
a wide range of sectors. We look forward to a fruitful collaboration that
drives forward our shared vision of innovation and progress."

 

Professor Barbaros Ozyilmaz, Principal Investigator at NUS I-FIM, stated, "We
are thrilled to partner with CAP-XX on this exciting venture. Their commitment
to innovation and excellence in substrate technology aligns perfectly with our
mission to push the boundaries of what is possible through research and
education. Together, we will work to develop solutions that have the potential
to revolutionise the industry and improve the quality of life for people
around the world."

 

The collaboration will focus on several key areas, including but not limited
to:

·    Development of advanced substrates with improved performance
characteristics

·    Exploration of new materials and their applications in technology

·    Joint publications and presentations at leading industry conferences

·    Opportunities for students and researchers to engage in hands-on
projects and internships

 

This partnership will also provide NUS students and faculty with unique
opportunities to work alongside industry experts, gaining invaluable
real-world experience and insights. In turn, CAP-XX will benefit from access
to cutting-edge academic research and a pipeline of talented graduates ready
to enter the workforce.

 

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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