CAP-XX Limited Technology Cooperation Agreement with SCHURTER

RNS Number : 4257A

CAP-XX Limited

12 March 2025

 

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)                                                                                 [phone]

Lars Stegmann (Chief Executive Officer)

 

Allenby Capital (Nominated Adviser and Broker)

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

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

 

 

 

 

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