REG - CAP-XX Limited - Business Update and Appointment of Interim CFO

CAP-XXAnnouncement

Mon 07:00

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RNS Number : 9690L  CAP-XX Limited  09 June 2025

9 June 2025

CAP-XX Limited

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

Business update

Appointment of Interim CFO

CAP-XX Limited (AIM: CPX), a world leader in the design and manufacture of
thin, prismatic supercapacitors and energy management systems, is pleased to
provide an update for the five-month period ended 30 May 2025. The Company is
also pleased to announce the appointment of a new Interim Chief Financial
Officer.

Commercial Highlights

The Company has maintained a strong cash position as a result of cost-saving
initiatives and an ongoing emphasis on operational performance and
efficiency.  Cash as at 31 May 2025 was AUD 4.2 million (AUD 5.0 million as
at 31 January 2025). The Company will also be applying for an R&D tax
credit shortly after year end (30 June 2025) as usual.

The Company has successfully shipped the first batch of its co-branded
supercapacitor products to SCHURTER Group's warehouse. This shipment marks a
significant milestone in CAP-XX's strategic partnership and extends the
Company's product reach into global industrial and electronics markets. The
SCHURTER Group funded the strategic partnership onboarding process.

The Company has also signed several key distribution agreements in the period
including:

·      A global distribution agreement with Farnell Global (Avnet);

·      A master distribution agreement with Waldom Electronics; and

·      A franchise distribution agreement with JM elektronik sp. z o.o.

These partnerships, alongside those with DigiKey and SCHURTER, are
significantly strengthening CAP-XX's global channel presence and customer
engagement. The Company's new commercially focused website supports lead
generation through technical resources, distributor contacts, and a
streamlined quote request system, all designed to drive sales and strategic
partnership growth. Additional distribution agreements remain in negotiation
and are progressing positively.

The Company was also pleased to report an important technology design win,
with multiple further opportunities in active development. These highlight the
growing demand for CAP-XX's high-performance energy storage solutions and
their applicability in a wide range of next-generation electronics.

Interim CFO Appointment

CAP-XX is pleased to announce the appointment of Anthony Guarna as Interim
Chief Financial Officer, effective immediately. Mr Guarna replaces Ariel
Sivikofsky, who is stepping down to pursue an executive development program as
part of his career progression.

Mr Guarna brings over 30 years of senior financial leadership experience
across M&A, audit, governance advisory, and financial management. He has
held senior financial positions including as CFO of a number of ASX listed
entities including EZZ Life Science Holdings Limited (EZZ), Aumake Limited
(AUK), and Freedom Insurance Group Limited (FIG). He holds a Bachelor of
Commerce in Accounting, Finance & Systems, a Graduate Diploma in Applied
Finance & Investment, and is a Chartered Accountant.

Lars Stegmann, CEO of CAP-XX, commented: "These developments demonstrate the
growing confidence our partners and customers have in CAP-XX's technology and
market potential. We are building a robust global distribution network that
positions us to scale efficiently, support more design wins, and deliver
long-term value to our stakeholders.

I am also delighted to welcome Tony to the CAP-XX team. His deep experience
with listed technology companies will be invaluable as we continue our
commercial expansion and strategic execution."

CAP-XX remains focused on accelerating revenue growth, enhancing partner
engagement, and executing on its global expansion strategy. The Company looks
forward to providing further updates in due course.

For further information contact:

CAP-XX Limited

Dr Graham Cooley
(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

Jos Pinnington/Tony Quirke (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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