12 March 2025
CAP-XX
Limited
("CAP-XX" or "the
Company")
Strategic Technology
Cooperation Agreement with SCHURTER AG
CAP-XX Limited, a global leader in
supercapacitor technology and energy management systems, is pleased
to announce a strategic Technology Cooperation Agreement (the
"Agreement") with SCHURTER
AG ("SCHURTER"), a leading
innovator in electronic components.
The primary aim of the Agreement is
to strengthen the competitive market position of both companies by
leveraging synergies across research, development, manufacturing
and sales. By pooling resources and expertise, the partnership aims
to foster innovation and efficiency, driving shared growth
opportunities in the rapidly evolving energy storage
sector.
Under the Agreement, SCHURTER and
CAP-XX will focus on collaborative projects within the field of
energy storage technologies, while also allowing for future
collaborations in additional areas as mutually agreed between the
parties.
The Agreement outlines two types of
cooperation: smaller projects and idea exchanges, which will move
forward without additional agreements under the Agreement, and
larger strategic initiatives that will be implemented using sub
agreements. These will cover financing, project management,
intellectual property, exclusivity rights and other essential
details. Pursuant to the Agreement, any intellectual property that
is developed jointly between CAP-XX and SCHURTER during the
partnership will be co-owned by both parties.
To support this collaboration,
SCHURTER will provide the "SCHURTER Innovation Platform" as a
centralised tool for idea sharing and technology roadmap
development. This platform will facilitate the exchange of ideas
and insights, contributing to shared innovation goals.
This strategic partnership
represents a significant step forward for both companies, combining
CAP-XX's expertise in advanced energy storage solutions with
SCHURTER's innovation leadership. By working together, the
companies aim to accelerate the development of cutting-edge
technologies and deliver enhanced solutions to global
markets.
Lars Stegmann, CEO of CAP-XX, commented:
"We are delighted to enter into this strategic
Agreement with SCHURTER. This represents a unique opportunity to
combine our strengths and accelerate innovation in energy storage
solutions. By leveraging our combined expertise in research,
development and manufacturing, we aim to deliver groundbreaking
technologies that will shape the future of the energy storage
market. Working closely with SCHURTER will enable us to unlock new
opportunities and drive shared success, reinforcing CAP-XX's
position as a global leader in supercapacitor
technology."
Lars Brickenkamp, CEO of SCHURTER, commented:
"We are pleased to be partnering with CAP-XX to
accelerate innovation in energy storage solutions. This
collaboration reinforces our commitment to spearheading digital
transformation and our dedication to creating inspiring
technologies that drive a safe, all-electric, and connected
society. By combining our expertise, we aim to create new
opportunities and strengthen our position in the global
market."
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
