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15 Jan 2025 07:00
15 January 2025
CAP-XX Limited
("CAP-XX" or "the Company")
First shipment to SCHURTER AG ("SCHURTER")
CAP-XX Limited (AIM: CPX), a world leader in the design and manufacture of thin, prismatic supercapacitors and energy management systems, is pleased to announce that the first shipment of co-branded supercapacitor products is en route to SCHURTER's warehouse in Switzerland. Following delivery, CAP-XX will be raising its first invoice for these products pursuant to the agreement between CAP-XX and SCHURTER.
SCHURTER and CAP-XX established a strategic technology partnership, formalised through a memorandum of understanding, which was announced on 16 July 2024. This collaboration focuses on the joint development of innovative supercapacitor products combining CAP-XX's expertise in supercapacitor technology and SCHURTER's extensive experience in electronic components distribution. The partnership was prominently showcased in Munich at Electronica 2024 in November 2024, the world's largest electronics trade fair, where both companies presented their joint supercapacitor products to a global audience. The partnership aims to deliver advanced energy storage solutions across various industries, including automotive, IoT, industrial automation and consumer electronics.
Bruno Zemp, CTO of SCHURTER AG: "This first shipment of supercapacitors represents a significant next milestone in our great partnership with CAP-XX and is equally fantastic news for our customers."
Lars Stegmann, CEO of CAP-XX, added, "We are delighted that this first shipment of CAP-XX product for SCHURTER has left our Seven Hills facility and our team in Australia looks forward to continuing to work with them to deliver further product in due course. SCHURTER is both a strategic partner and shareholder in CAP-XX and this first shipment is an important first step in our commercialisation journey."
For further information contact:
CAP-XX Limited
Pat Elliott (Chairman) +61 (2) 9157 0000
Lars Stegmann (Chief Executive Officer)
Allenby Capital (Nominated Adviser and Broker)
David Hart/Piers Shimwell (Corporate Finance) +44 (0) 20 3328 5656
Jos Pinnington/Tony Quirke (Sales and Corporate Broking)
Notes to Editors:
CAP-XX (LSE: CPX) is a 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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