REG - CAP-XX Limited - Launch of 3V product targeting coin cell battery

CAP XXAnnouncement

15/02/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230215:nRSO9139Pa&default-theme=true

RNS Number : 9139P  CAP-XX Limited  15 February 2023

Dissemination of a Regulatory Announcement that contains inside information
for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit)
Regulations 2019/310.

 

 

15 February 2023

 

 

CAP-XX Limited

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

 

Launch of 3V product targeting coin cell battery and IoT markets

 

 

CAP-XX Limited, a world leader in the design and manufacture of
supercapacitors and energy management systems, announces the launch of its
DMV750 ultra-thin 2.2mm prismatic 3V supercapacitor to provide high
performance for IoT, medical and other space-constrained and mission-critical
electronic devices.

 

The 3V prismatic supercapacitor can complement 3V coin cell primary batteries,
replace bulky 3V cylindrical supercapacitors in space-constrained devices, or
enable battery-less energy storage using energy harvesting. Potential
applications include battery-less remote wireless sensors, wireless HVAC
sensors and actuators, asset tracking and RTC and memory backup power.
CAP-XX's 3V DMV750 provides 23% more energy than a 2.7-volt supercapacitor in
the same size package, providing 750mF of capacitance and 10A high peak pulse
power to enable battery-less, low-power applications. It measures 21
millimetres x 14 millimetres x 2.2 millimetres, and operates from -20°C to
+85°C.

 

This new launch is part of CAP-XX's strategy of ongoing product development
activities to address developments in the energy storage devices market. There
are an estimated 5 billion 3V coin cell batteries and 12 billion IoT devices
sold annually. While not all of these applications require a supercapacitor, a
large number would benefit from using the new CAP-XX DMV750. As with all new
electronic component products, this product will need to be designed into end
products for volumes to ramp-up.

 

The first samples have already been shipped to select customers and the
product is now available for purchase from the CAP-XX on-line website store.

 

Anthony Kongats, CEO of CAP-XX said:

 

"We are delighted to be launching this new ultra-thin prismatic 3V
supercapacitor, which can advance electronics sustainability by enabling micro
energy harvesting applications and eliminating batteries or can complement the
ubiquitous 3V coin cell batteries, thereby dramatically extending the battery
life and functionality of the coin cell."

 

For further information contact:

 

CAP-XX Limited

Anthony Kongats (Chief Executive
Officer)                                 +61
(0) 2 9428 0139

 

Kreab (Financial PR)

Robert Speed
                                 +44 (0) 20 7074 1800

 

Allenby Capital (Nominated Adviser and Joint Broker)

David Hart / Piers Shimwell (Corporate Finance)
          +44 (0) 20 3328 5656

Tony Quirke (Sales and Corporate Broking)

 

Cenkos Securities plc (Joint Broker)

Neil McDonald / Pearl Kellie
                         +44 (0) 13 1220 6939

 

 

 

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)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDNKQBQPBKDCBD