Research Note11 Mar 2025 09:15
Allenby Capital comment: The agreement should enable CAP-XX to better support its global distribution network as demand for energy storage solutions increases, particularly in high-volume markets. It will also offer smaller distributors the flexibility to access CPX's products without high minimum order requirements. As flagged in last month's interims, the global designer and manufacturer of thin, prismatic, and cylindrical supercapacitors continues to expand its direct and indirect sales model. It has had success in recruiting local and regional distributors as well as gaining a presence in global 'E-Catalog' distributors, such as DigiKey and TME. The Waldom agreement will help the company move up the distribution pyramid towards higher volumes.