REG - CAP-XX Limited - CAP-XX Achieves PSW from Continental Automotive

CAP XXAnnouncement

18/04/2023 07:00

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RNS Number : 5084W  CAP-XX Limited  18 April 2023

 

18 April 2023

 

CAP-XX Limited

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

 

CAP-XX Achieves PSW from Continental Automotive

 

 

Sydney, Australia - April 18, 2023 - CAP-XX (https://www.cap-xx.com/) Limited
(LSE:CPX), the leading manufacturer of ultra-thin prismatic, cylindrical, and
Lithium-Ion supercapacitors, announced that Continental Automotive GmbH, a
global Tier 1 automotive supplier, has granted the PSW (Part Submission
Warrant) to CAP-XX, following the Company's successful completion of
Continental's PPAP (Production Part Approval Process).  The two companies
previously signed a Sourcing Agreement for CAP-XX to supply its DMT220
prismatic supercaps
(https://www.cap-xx.com/cap-xx-secures-continental-automotive-gmbh-as-tier-1-automotive-customer/)
in the volumes needed from 2024 through 2030 for a key Continental automotive
program. CAP-XX has now completed the stringent quality audit for this
agreement.

 

Continental's PPAP analyzed 18 requirements such as design records, Failure
Modes and Effects Analysis, authorized engineering changes, engineering
approval, dimensional results, and control plan. Also, as part of this PPAP,
CAP-XX was successfully audited according to VDA 6.3, a process-based audit
standard for improving new product introduction and manufacturing processes,
used by German-based automotive industries (Verband der Automobilindustrie).

 

The CAP-XX DMT220 supercapacitor, previously manufactured by Murata under
license from CAP-XX, is now produced in CAP-XX's new high-capacity factory at
Seven Hills, NSW, Australia using production lines acquired and successfully
recommissioned from Murata. DMT220 features include:

 

·    220 mF Capacitance / Rated at 4.2 Volts

·    High temperature operation -40°C to 85°C

·    Ultra-thin form factor 21 x 14 x 2.2mm thin

·    High charge efficiency with long life, up to 20 years or 1,000,000
charge discharge cycles

 

"Successfully completing this time and resource-intensive quality standard to
meet the most stringent requirements of the German automotive industry is an
endorsement to CAP-XX's product and manufacturing capabilities, and paves the
way for CAP-XX to join other European automotive projects" said Marco Ranalli,
GM of CAP-XX Europe.

 

 

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 / Pearl Kellie

 

 

About CAP-XX

CAP-XX is the leader in the design and manufacture of supercapacitors,
including ultra-thin prismatic, cylindrical and hybrid (lithium-ion
capacitors), for managing burst power, micro energy harvesting and backup
power needs in portable and IoT devices. CAP-XX also offers large, powerful
supercapacitor modules for engine start and
other microgrid/grid/power correction applications up to 2000V. CAP-XX
prismatic supercapacitors are manufactured in Australia and Malaysia and its
cylindrical and hybrid supercapacitors are manufactured in China and the
USA. 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 critical. Visit https://www.cap-xx.com/
(https://linkprotect.cudasvc.com/url?a=https%3a%2f%2fwww.cap-xx.com%2f&c=E,1,7c-MsX6LOYZls-BaQ0Ud5c7TJ6Azqprwd-eWScmlgicxo9aufSyuTE1kHLJR2jpHfzj6h1p7_ZezcalT_i5YVpE-iYXq034u8pIpgxQATmrdwk3iKz5Op-up&typo=1)
 or email sales@cap-xx.com (mailto:sales@cap-xx.com) .

 

-ENDS-

 

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