REG - CAP-XX Limited - Anthony Kongats stepping down as CEO of CAP-XX

CAP XXAnnouncement

03/05/2023 17:00

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RNS Number : 3243Y  CAP-XX Limited  03 May 2023

 

3 May 2023

 

 

CAP-XX Limited

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

 

Anthony Kongats stepping down as CEO of CAP-XX

 

 

CAP-XX announces that Mr Anthony Kongats has informed the Board of his
decision to step down from full time employment and as a Director and CEO of
the Company.  The Company also announces that it is in advanced discussions
with a proposed new CEO for CAP-XX, with this individual being based in
Western Europe.  It is anticipated that Mr Kongats' resignation will take
effect on 12 May 2023.

 

The Company and Mr Kongats expect to enter into an appropriate consultancy
arrangement to ensure that CAP-XX continues to benefit from his extensive
knowledge of CAP-XX's technologies, applications and customers.

 

A further announcement in respect of the appointment of the proposed new CEO
will be made in due course.

 

Mr Kongats founded CAP-XX in 1997 and listed the Company on the AIM market of
the London Stock Exchange in 2006, since when it has developed to its position
as a world leading manufacturer of supercapacitors, developing new
technologies and energy storage solutions.

 

Mr Kongats went on to orchestrate CAP-XX's acquisition of the supercapacitor
manufacturing lines of Murata, a former licensee, overseeing the successful
relocation and commissioning of the facilities from Japan to Sydney,
Australia.

 

It is with sadness that the Board has accepted Anthony's decision to step down
as CEO and wishes to take this opportunity to thank Anthony for his vision,
innovation and leadership.

 

 

Patrick Elliott, Non-Executive Chairman of CAP-XX Limited, said:

"On behalf of the entire Board, I'd like to thank Anthony for creating a
market leading energy storage research and development company, that is
addressing future energy targets and solutions.  Under his stewardship,
CAP-XX has become a world leading manufacturing business renowned for
innovating and developing cutting edge technology for the energy storage."

 

Anthony Kongats said:

 

"After 23 years with CAP-XX, I feel the time is right to step back from
running the Company.  I am immensely proud of what we have achieved, and I am
confident that CAP-XX will remain at the forefront of innovation, leading the
world in supercapacitor development and future energy storage solutions for
decades to come.

 

"Over my 32-year career I have made many great friends with colleagues,
shareholders and throughout the industry, in Australia and abroad. I truly
value these relationships and our collective and combined contribution to the
furtherment of energy technology."

 

 

For further information contact:

 

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

 Patrick Elliott (Non-Executive Chairman)

 Anthony Kongats (CEO)

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

 David Hart / Piers Shimwell (Corporate Finance)

 Tony Quirke / Stefano Aquilino (Sales and Corporate Broking)

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

 Neil McDonald / Pearl Kellie

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

 Robert Speed

 

 

 

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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