REG - CAP-XX Limited - First shipment to SCHURTER AG

CAP-XXAnnouncement

15/01/2025 07:00

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RNS Number : 3321T  CAP-XX Limited  15 January 2025

15 January 2025

CAP-XX Limited

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

First shipment to SCHURTER AG ("SCHURTER")

CAP-XX Limited (AIM: CPX), a world leader in the design and manufacture of
thin, prismatic supercapacitors and energy management systems, is pleased to
announce that the first shipment of co-branded supercapacitor products is en
route to SCHURTER's warehouse in Switzerland. Following delivery, CAP-XX will
be raising its first invoice for these products pursuant to the agreement
between CAP-XX and SCHURTER.

SCHURTER and CAP-XX established a strategic technology partnership, formalised
through a memorandum of understanding, which was announced on 16 July 2024.
This collaboration focuses on the joint development of innovative
supercapacitor products combining CAP-XX's expertise in supercapacitor
technology and SCHURTER's extensive experience in electronic components
distribution. The partnership was prominently showcased in Munich at
Electronica 2024 in November 2024, the world's largest electronics trade fair,
where both companies presented their joint supercapacitor products to a global
audience.  The partnership aims to deliver advanced energy storage solutions
across various industries, including automotive, IoT, industrial automation
and consumer electronics.

Bruno Zemp, CTO of SCHURTER AG: "This first shipment of supercapacitors
represents a significant next milestone in our great partnership with CAP-XX
and is equally fantastic news for our customers."

Lars Stegmann, CEO of CAP-XX, added, "We are delighted that this first
shipment of CAP-XX product for SCHURTER has left our Seven Hills facility and
our team in Australia looks forward to continuing to work with them to deliver
further product in due course. SCHURTER is both a strategic partner and
shareholder in CAP-XX and this first shipment is an important first step in
our commercialisation journey."

 

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

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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