REG - CAP-XX Limited - MARINE EDGE Selects CAP-XX Supercapacitor Modules

CAP XXAnnouncement

15/11/2022 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:20221115:nRSO3759Ga&default-theme=true

RNS Number : 3759G  CAP-XX Limited  15 November 2022

15 November 2022

 

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.

 

 

CAP-XX Limited

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

 

MARINE EDGE Selects CAP-XX Liquid-Cooled Supercapacitor Modules for its
PowerEdge Hybrid Propulsion System for Cargo Ships

 

The technologies combine to create a regenerative power management system
which increases energy efficiency, saves fuel and reduces emissions using the
motion of the ocean waves

 

 

CAP-XX Limited (LSE:CPX), the leading manufacturer of ultra-thin prismatic,
cylindrical, and Lithium-Ion supercapacitors, announces that MARINE EDGE, an
innovative company making maritime transportation more sustainable, has
selected and made its first orders of CAP-XX's large, powerful, liquid-cooled
supercapacitor modules for its PowerEdge system installations for cargo ships
which reduce fuel consumption and minimise emissions.

 

CAP-XX's powerful, 96V, 83F, liquid-cooled supercapacitor modules store and
release the large amounts of energy generated from the periodical variations
in engine loads induced by ocean waves in MARINE EDGE's PowerEdge regenerative
hybrid power management system. This sustainable, environmentally-friendly
system improves a cargo ship's overall propulsive efficiency, and decreases
fossil fuel consumption and CO2 emissions by flattening wave load variations
on the main engine.

 

MARINE EDGE chose CAP-XX supercapacitors for their high efficiency, longevity
and modularity, which allows installation on a variety of ships with different
configurations, while maintaining their ability to handle high currents
effectively for millions of cycles.

 

The 96V, 83F CAP-XX liquid-cooled supercap modules feature:

 

·    Liquid Cooled to provide extremely high-rate charge and discharge
capability

·    Maintenance free operation

·    10-year life with heavy charge/discharge cycling

·    Meets Rail Shock and Vibration Standard

·    Modules configurable to 2000 Volts

 

"The CAP-XX supercapacitor module, with its compact build and millions of
cycles, is a key enabler for our PowerEdge system to save energy and fuel burn
on cargo ships. To be a game-changer for sustainable marine transportation we
must incorporate the most advanced hardware available," said Nevo Dotan, CEO
of MARINE EDGE.

 

"Our expertise in creating sustainable systems which capture environmental
energy from solar, wind, vibration and motion sources pairs perfectly with
MARINE EDGE's quest to make cargo ships more efficient," said Marco Ranalli,
General Manager EMEA at CAP-XX. "This is just one example of how our new line
of large, powerful supercap modules meet the requirement for power management
in demanding applications."

 

 

 

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 / Alex Brearley (Corporate Finance)
           +44 (0) 20 3328 5656

Tony Quirke (Sales and Corporate Broking)

 

Cenkos Securities plc (Joint Broker)

Neil McDonald / Pete Lynch
                               +44 (0) 13 1220 6939

 

More information is available at www.cap-xx.com (http://www.cap-xx.com)

 

About CAP-XX

CAP-XX (LSE:CPX) is the world leader in the design and manufacture of
ultra-thin prismatic and compact cylindrical supercapacitors. Its prismatic
supercapacitors are manufactured in Australia and Malaysia and its cylindrical
supercapacitors are manufactured in China. 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
important. The unique feature of CAP-XX supercapacitors is their very
high-power density and high-energy storage capacity in space-efficient thin
prismatic and compact cylindrical packages. For more information, visit
https://www.cap-xx.com/ (https://www.cap-xx.com/) or email sales@cap-xx.com
(mailto:sales@cap-xx.com) .

 

About MARINE EDGE

MARINE EDGE is an innovative technology company, set out to minimize fuel
consumption, and emissions, in maritime transportation, by making ships
smarter and more efficient. MARINE EDGE strongly believes that sustainability
is imperative for a better world, and marine transport is its focus.

www.marine-edge.com or email info@marine-edge.com

 

 

 

-ENDS-

 

 

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  MSCFFFLVLFLSLIF