RE: South africa10 Sep 2025 16:01
16 Oct 2024 07:00
RNS Number : 3903I
CAP-XX Limited
16 October 2024
16 October 2024
CAP-XX Limited
("CAP-XX" or "the Company")
Contract win
The Board of CAP-XX Limited, a world leader in the design and manufacture of thin, prismatic supercapacitors and energy management systems, is pleased to announce that the Company has signed a contract (the "Contract") with a new customer in the smart meter sector in South Africa (the "Customer"). CAP-XX was selected by the Customer for the Contract following a successful design-in project.
The Customer will incorporate CAP-XX's supercapacitors in their smart meter products which will then be distributed to the Customer's end customers to measure their gas and electricity usage. The Contract is for an initial 12 month period, with the majority of revenue from the Contract being expected to be recognised in the current financial year, being the year ending 30 June 2025. The Company anticipates that the Contract will lead to further orders from this Customer over the coming years as additional smart meter products are required for general maintenance of the product and from an increase in the number of end use customers.
The role of supercapacitors in the smart meter industry
The global smart meter market is experiencing significant growth, driven by the need for efficient energy management, government initiatives promoting smart grids, and the global transition to sustainable energy solutions. Smart meters, which monitor electricity, gas and water consumption in real time, enable both consumers and utilities to optimise energy use, reduce inefficiencies and improve overall grid reliability. This growth in smart metering systems is creating opportunities for advanced energy storage technologies using supercapacitors.
Supercapacitors, known for their high-power density, rapid charge-discharge capabilities and long operational lifetimes, are increasingly being integrated into smart meters to enhance performance and reliability. Their primary role in smart meters is to provide backup power during short outages or grid fluctuations. This ensures continuous data transmission and uninterrupted functionality, which is crucial for accurate monitoring and billing in smart grids. Supercapacitors also outperform traditional batteries in terms of longevity, with the ability to withstand a much larger number of charge-discharge cycles, making them a durable and efficient solution for the smart meter industry(1)(2).
Supercapacitors with higher energy densities offer additional advantages in high-demand applications, such as real-time data communication and emergency backup systems. By ensuring that smart meters continue to operate during power interruptions, supercapacitors support seamless data collection and storage until the grid is restored (3). Their ability to function in a wide range of temperatures also makes them ideal for smart meters installed in diverse environmental conditions
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