CAP-XX Limited Cap-XX awarded SAE-A's 2016 Platinum Award
22 November 2016 - 6:02PM
RNS Non-Regulatory
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) +61 (0) 2 9428 0139
Allenby Capital Limited
(Nominated Adviser and
Broker)
David Hart/Alex Brearley
(Corporate Finance) +44 (0) 20 3328 5656
Kreab
Robert Speed (Financial
PR) +44 (0) 20 7074 1800
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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