Automotive Stop-Start commercialisation agreement

RNS Number : 1533Y

CAP-XX Limited

27 February 2012

 



27th February 2012

 

 

 

CAP-XX Limited

Automotive Stop-Start commercialisation agreement

CAP-XX Limited, a world leader in the design and manufacture of revolutionary thin-form supercapacitors, which considerably extend the performance of conventional battery power systems, announces that it has been approached by a leading Chinese automotive component company to commercialise the CAP-XX supercapacitor technology for various automotive applications in China.  The first target market is for the use of supercapacitors to improve the performance of lead acid batteries in automotive Stop-Start applications.  CAP-XX recently demonstrated significant performance enhancements over conventional battery only Stop-Start systems. 

The discussions, which are at an advanced stage and are subject to Chinese Government approval, are expected to secure funding for CAP-XX's automotive supercapacitor project possibly by a direct investment in CAP-XX equity.  Any new shares to be issued under the proposed agreement would be issued under the terms of the Group's existing authority to allot shares.

A further announcement will be made in due course.

For further information contact:

CAP-XX Anthony Kongats, Chief Executive Officer	[phone]
Kreab Gavin Anderson & Company (Financial PR) Robert Speed / Deborah Walter   / Anthony Hughes	[phone]
Seymour Pierce Ltd (Nominated Adviser and Broker) Nandita Sahgal/Catherine Leftley (Corporate Finance) David Banks/Paul Jewell (Corporate Broking)	[phone]

More information is available at www.cap-xx.com

Notes to Editors:

CAP-XX is a world leader in the design and manufacture of thin form supercapacitors and energy management systems.

The unique feature of CAP-XX's supercapacitors is their ability to store high volumes of energy and output high power levels. These devices are available in a thin form design for high volume, power-hungry portable electronic devices, including mobile phones. Larger devices are in development for automotive applications, providing considerable performance enhancement to fuel saving Stop-Start systems. 

Portable devices and automotive are fast growing segments of the electronics market and provide the greatest opportunities for CAP-XX's products.  CAP-XX's products are already an established enabling technology for the current generation of portable devices.

 

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