CAP-XX Regulatory News (CPX)

REACH: non-regulatory announcement

26 May 2022

CAP-XX Limited

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

CAP-XX collaboration with University of New South Wales, Sydney, drives 3-volt supercapacitor optimisation

CAP-XX Limited, a world leader in the design and manufacture of thin, flat supercapacitors and energy management systems, is pleased to announce that following its collaboration with the University of New South Wales (UNSW, or the University), Sydney, it has today posted on its web site https://www.cap-xx.com/corporate-videos/ a short video produced by the University outlining its collaborative work with CAP-XX on the optimisation of supercapacitor performance.

CAP-XX has been working with UNSW since 2017, when the University set up a series of sophisticated experiments to improve the leakage, current and lifetime performance in cells, under the leadership of Professor Neeraj. Professor Neeraj used the advanced capabilities available at UNSW to analyse the cell performance of CAP-XX's supercapacitors at the microscopic and molecular level.

As a direct result of a tailored programme of research started in 2019, Professor Neeraj has enabled CAP-XX's R&D team to improve its understanding of the various mechanisms occurring within the cells. This has resulted in new IP, which has a direct commercial application in the development of CAP-XX's new 3 volt (3V) product which incorporates this IP. The result is a supercapacitor with exceptionally low leakage current. Low leakage current is arguably the single most important parameter when considering a 3V supercapacitor being directly connected to a battery, especially a non-rechargeable battery.

The Company is currently in preparation for the launch of the new 3V supercapacitor at the end of 2022, which will utilise the former Murata production lines now installed at the Company's Seven Hills facility in Sydney, Australia. The Company had planned to do this work at its Malaysian manufacturing site but continual delays caused by COVID and the results from UNSW prompted the Company to pivot back to using the Sydney site.

The 3V supercapacitor, when launched, will provide a high-performance complement to traditional 3 volt coin cell batteries.

Anthony Kongats, Chief Executive, said:

'Following the recent announcement of our proposed joint venture with Ionic Industries, which involves technology developed at Monash University, I am pleased to be able to point to how CAP-XX's collaboration with university partners, such as this example with the University of New South Wales, can lead to direct commercial applications which can enhance the performance of our supercapacitors."

For further information contact:

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

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

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