CAP-XX Secures Continental Automotive as Customer

RNS Number : 4918C

CAP-XX Limited

23 February 2022

 

23 February 2022

CAP-XX Limited

("CAP-XX")

CAP-XX Secures Continental Automotive GmbH as Tier 1 Automotive Customer

CAP-XX will supply ultra-thin DMT supercaps produced on its new Sydney high-volume production lines, recently recommissioned from Murata

Sydney, Australia - February 23, 2022 - CAP-XX Limited (LSE:CPX), the leading manufacturer of ultra-thin prismatic and high-power cylindrical supercapacitors, announced it has signed a Sourcing Agreement with Continental Automotive GmbH, a Tier 1 automotive supplier, to provide CAP-XX DMT220 prismatic supercap s for one of Continental's key automotive programs. The Sourcing Agreement for this design win covers the expected volumes for the model years 2024 through 2030.

The CAP-XX DMT220 supercapacitor , previously manufactured by Murata under license from CAP-XX, is now produced in CAP-XX's new high-capacity factory at Seven Hills, NSW, Australia using production lines acquired and successfully recommissioned from Murata.  DMT220 features include:

· 220 mF Capacitance / Rated at 4.2 Volts

· High temperature operation -40°C to 85°C

· Ultra-thin form factor 21 x 14 x 2.2mm thin

· High charge efficiency with long life, up to 20 year or 1,000,000 charge discharge cycles

"Achieving a design win and becoming a qualified supplier to a Tier 1 like Continental is an endorsement of CAP-XX's capabilities," said Anthony Kongats, CEO at CAP-XX.  "With the acquisition of the Murata high-volume supercapacitor production lines, CAP-XX is able to successfully address the demanding requirements of the automotive industry."

For further information contact:

CAP-XX Limited Anthony Kongats (CEO)	[phone]
Kreab (Financial PR) Robert Speed	[phone]
Allenby Capital (Nominated Adviser and Joint Broker) David Hart / Alex Brearley (Corporate Finance) Tony Quirke (Sales and Corporate Broking)	[phone]
Cenkos Securities plc (Joint Broker) Neil McDonald / Pete Lynch	[phone]

About CAP-XX

CAP-XX (LSE:CPX) is the world leader in the design and manufacture of ultra-thin prismatic and compact cylindrical supercapacitors. Its prismatic supercapacitors are manufactured in Australia and Malaysia and its cylindrical supercapacitors are manufactured in China. The company's strong intellectual property (IP) portfolio includes 11 patent families. CAP-XX's ultra-thin prismatic supercapacitors are ideal for space-constrained electronics applications where small energy storage device size and thickness are important. The unique feature of CAP-XX supercapacitors is their very high-power density and high-energy storage capacity in space-efficient thin prismatic and compact cylindrical packages. For more information about CAP-XX, visit https://www.cap-xx.com/ or email [e-mail].

 

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