CAP-XX Limited Cap-XX awarded SAE-A's 2016 Platinum Award

TIDMCPX

CAP-XX Limited

22 November 2016

22 November 2016

CAP-XX Limited

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

Engineering Awards presented to CAP-XX at 2016 SAE-A Mobility Engineering Excellence Awards

CAP-XX is pleased to announce that it has been awarded the Society of Automotive Engineers - Australasia's (SAE-A) 2016 Platinum Award for overall engineering excellence, for the Company's 'Advanced Supercapacitors Make High Performance Modules' project, having faced tough competition from Ford, GM, SC Innovation and others. CAP-XX's award winning project concerned the development of supercapacitors suitable for automotive applications, namely its powerModule and truckStart products. CAP-XX also won the SAE-A's 2016 Gold Award in the Manufacturing/non-OE (non-Original Equipment) category

The judges' comments in respect of CAP-XX's project were as follow:

"CAP-XX have developed super capacitors for applications in both hybrid vehicles and, in a different mode, Heavy Trucks. The Super Capacitors will enable a broader range of small hybrids to utilise stop/start technology, with a beneficial effect on emissions and fuel economy. The Super Capacitors provided extremely low series resistance over a wide temperature range making them superior to storage batteries for many high power vehicle functions - in particular for numerous Stop/Start situations and where it enables heavy trucks to readily restart in very cold conditions and where batteries suffer from degraded performance. These Capacitors have almost unlimited cycle life and do not have the variable dynamic charging issues typical of batteries. The CAP-XX design utilises thin prismatic elements, with very low Equivalent Series Resistance, providing high power capability in a smaller package size and thus higher power density."

The judging panel of eight cited CAP-XX's combination of innovation, economic and social benefits, and widespread and wide scale appeal.

The full text of the SAE-A awards press release can be accessed via the following link: http://www.saea.com.au

For further information, please contact:

 
 CAP-XX Limited 
 Anthony Kongats (Chief 
  Executive Officer)         [phone] 
 
 Allenby Capital Limited 
  (Nominated Adviser and 
  Broker) 
 David Hart/Alex Brearley 
  (Corporate Finance)        [phone] 
 
 Kreab 
 Robert Speed (Financial 
  PR)                        [phone] 
 

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 a range of applications including portable and small-scale electronic devices; 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 22, 2016 02:02 ET (07:02 GMT)