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)
+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
About Reach announcements
This is a Reach announcement. Reach
is an investor communication service aimed at assisting listed and
unlisted (including AIM quoted) companies to distribute media only
/ non-regulatory news releases into the public domain. Information
required to be notified under the AIM Rules for Companies, Market
Abuse Regulation or other regulation would be disseminated as an
RNS regulatory announcement and not on Reach.