REACH
25 June 2024
CAP-XX
Limited
("CAP-XX" or "the
Company")
Appointment of CTO and
Technology Update
The Board of CAP-XX Limited, a world
leader in the design and manufacture of supercapacitors and energy
management systems, is pleased to announce the appointment of Dr
Alex Bilyk as Chief Technology Officer (CTO) and to update the
market on technology developments at the Company.
Appointment of Chief Technology Officer
(CTO)
Dr Alex Bilyk has been appointed as
Chief Technology Officer of the Company in a non-Board capacity,
having previously been Head of R&D.
Alex completed his undergraduate
degree with honours in Chemistry at the University of Western
Australia. He then pursued his PhD in Chemistry at the University
of Sydney following which he returned to the University of Western
Australia for a three-year post-doctoral project, which included a
prestigious three-month visiting scientist position at the
University of Strasbourg.
Alex brings a wealth of experience
in supercapacitors, synthetic chemistry, polymer chemistry, surface
modification, material synthesis, and computational chemistry. His
diverse expertise is complemented by a deep passion for industrial
research and a strong commitment to the creation, protection, and
management of intellectual property. As a key player at CAP-XX for
the last ten years, Alex has been instrumental in driving
innovation in the field of energy storage.
Technology and Product Development Update
Further to the Company's previous
announcements and alongside its suite of existing products, CAP-XX
is pleased to provide an update on two new important products that
continue to be developed and have the potential to make a
significant impact on the supercapacitor industry as well as
opening new markets for CAP-XX. The first is the DMH Prismatic
Series which are pouch supercapacitors, less than 500 microns
thick, developed for the consumer electronics industry. The second
is the SMT Cylindrical Series, a class of cylindrical
supercapacitors utilising the Company's unique surface mount
technology ("SMT"). This product can go throw a reflow oven;
transforming the industry which currently uses wave or hand
soldering.
Progress with the DMH Prismatic Series
CAP-XX is pleased to report that
samples are now ready for customer evaluation. In tandem with this,
the Company will continue to commission production equipment,
including downstream equipment for inline device testing for
quality control.
CAP-XX has been commissioning a new
production line for the manufacture of very thin supercapacitors
that are less than 500 microns thick. This new product, branded the
DMH series and measuring 20mm x 20mm x 0.4mm, is far thinner than
any other supercapacitor currently available on the market. The DMH
supercapacitor will be a unique offering to customers, providing a
thin form factor whilst maintaining extremely high-power
performance. The DMH cells connected in series can provide a peak
current of 5 amps with an operating voltage of 4.2V, a significant
power output for such a small device. There are significant market
opportunities for the DMH product in applications such as smart
cards and wearable devices, where a thin form factor is a crucial
requirement.
CAP-XX has already announced that a
pre-series batch of DMH parts has been fabricated on its assembly
equipment which includes the steps of laminate forming, electrode
stacking, empty cell forming, electrolyte filling and sealing. The
initial laboratory evaluation of the pre-series batch is now
complete and shows trial parts successfully passed endurance
specifications for 1000 hours at 70°C and rated voltage. The
testing of the first pre series batch has shown CAP-XX can produce
parts on the assembly equipment and samples are now ready for
customer evaluation. The next stage is to continue
commissioning of production equipment, including downstream
equipment for inline device testing for quality control.
Progress with the SMT Cylindrical Series:
CAP-XX is pleased to report that it
has successfully completed trials at an outside facility using a
production reflow oven using high temperature solder paste.
CAP-XX's SMT supercapacitors were successfully soldered onto a
printed circuit board, had excellent mechanical attachment, and
exhibited good electrical functionality after the reflow process.
Full endurance testing of the newly reflow soldered parts are
underway.
CAP-XX has made considerable
progress in the development of its new cylindrical surface mount
technology. SMT will be a unique product in the market for small
supercapacitors with capacitances ranging from 0.1F to 20F. The SMT
will allow supercapacitors to be soldered onto printed circuit
boards ("PCBs") using the reflow oven process which is the
preferred industry method for the manufacture of PCBs. Apart from
taking market share from existing supercapacitor sales, the Board
believes the SMT will accelerate the growth in supercapacitor sales
by eliminating a key barrier for technology uptake for many
potential high-volume customers.
Lars Stegmann, CAP-XX Chief Executive commented:
"I am confident that in his new role as CTO, Alex
will continue to lead our technological advancements and contribute
significantly to our success. In addition to his technical prowess,
Alex is a dedicated mentor, having guided many young scientists in
their careers. His collaborative approach has fostered strong
partnerships with leading research institutions and industry
players."
"I am also delighted with the
progress CAP-XX is making with its DMH and SMT products.
These have the ability to be significant revenue contributors to
CAP-XX in the coming years."
For
further information contact:
CAP-XX Limited
Pat Elliott
(Chairman)
+61 (2) 9157 0000
Lars Stegmann (Chief Executive
Officer)
Allenby Capital (Nominated Adviser and
Broker)
David Hart / Piers Shimwell
(Corporate Finance)
+44 (0) 20 3328 5656
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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