CAP-XX Limited MOU to advance research in new technology

RNS Number : 6191X

CAP-XX Limited

24 July 2024

 

REACH

 

24 July 2024

CAP-XX Limited

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

 

CAP-XX and NUS Institute for Functional Intelligent Materials sign Memorandum of Understanding to advance research in new technology and substrates

 

The Board of CAP-XX, a world leader in the design and manufacture of supercapacitors and energy management systems, is pleased to announce the signing of a Memorandum of Understanding ("MOU") with the National University of Singapore's Institute for Functional Intelligent Materials ("NUS I-FIM") to foster collaborative research and development efforts in the field of new technology and substrates.

 

This strategic partnership aims to leverage the strengths of both institutions to drive innovation and develop cutting-edge solutions that will shape the future of technology.

 

Under the MOU, CAP-XX and NUS I-FIM, renowned for its expertise in scientific research and technological innovation, will collaborate on a series of initiatives aimed at advancing the state of the art in these critical areas. This includes joint research projects, shared resources and facilities, and the exchange of knowledge and expertise.

 

Lars Stegmann, CEO of CAP-XX, said, "This MOU with NUS I-FIM marks a significant milestone in our journey towards pioneering advanced technologies. By combining our practical industry experience with the institute's academic prowess, we are poised to make ground-breaking advancements that will benefit a wide range of sectors. We look forward to a fruitful collaboration that drives forward our shared vision of innovation and progress."

 

Professor Barbaros Ozyilmaz, Principal Investigator at NUS I-FIM, stated, "We are thrilled to partner with CAP-XX on this exciting venture. Their commitment to innovation and excellence in substrate technology aligns perfectly with our mission to push the boundaries of what is possible through research and education. Together, we will work to develop solutions that have the potential to revolutionise the industry and improve the quality of life for people around the world."

 

The collaboration will focus on several key areas, including but not limited to:

·    Development of advanced substrates with improved performance characteristics

·    Exploration of new materials and their applications in technology

·    Joint publications and presentations at leading industry conferences

·    Opportunities for students and researchers to engage in hands-on projects and internships

 

This partnership will also provide NUS students and faculty with unique opportunities to work alongside industry experts, gaining invaluable real-world experience and insights. In turn, CAP-XX will benefit from access to cutting-edge academic research and a pipeline of talented graduates ready to enter the workforce.

 

For further information contact:

 

CAP-XX Limited

Pat Elliott (Chairman)                                                                                                     [phone]

Lars Stegmann (Chief Executive Officer)

 

Allenby Capital (Nominated Adviser and Broker)

David Hart / Piers Shimwell (Corporate Finance)                                                [phone]

Tony Quirke / Stefano Aquilino (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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