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SYDNEY - CAP-XX Limited (AIM:CPX), a developer of thin, prismatic supercapacitors, has announced a robust cash position and strategic advancements, including the appointment of Anthony Guarna as Interim Chief Financial Officer, effective immediately. The Australian-based company reported a cash reserve of AUD 4.2 million as of May 31, 2025, and is preparing to apply for an R&D tax credit post its fiscal year-end on June 30, 2025.
In a significant move to expand its market presence, CAP-XX has shipped its inaugural batch of co-branded supercapacitor products to the SCHURTER Group’s warehouse, marking a milestone in the strategic partnership aimed at penetrating global industrial and electronics markets. The SCHURTER Group has financially backed the onboarding process for this collaboration.
The company has further extended its global distribution network by signing agreements with Farnell Global (Avnet (NASDAQ:AVT)), Waldom Electronics, and JM elektronik sp. z o.o. These partnerships complement existing ones with DigiKey and SCHURTER, significantly enhancing CAP-XX’s channel presence and customer engagement. A newly launched, commercially focused website is set to bolster lead generation and sales through a suite of technical resources and a streamlined quote request system.
CAP-XX also celebrated a key technology design win, with multiple development opportunities underway, underscoring the rising demand for its high-performance energy storage solutions in next-generation electronics.
The new Interim CFO, Anthony Guarna, brings over three decades of financial leadership experience, having served as CFO for several ASX-listed companies. His expertise is expected to be instrumental as CAP-XX continues its commercial expansion and strategic execution.
Lars Stegmann, CEO of CAP-XX, expressed confidence in the company’s technology and market potential, citing the growing global distribution network as a strategic asset for scaling operations and supporting design wins. He welcomed Guarna to the team, highlighting his valuable experience with listed technology companies.
CAP-XX remains committed to accelerating revenue growth, enhancing partner engagement, and pursuing its global expansion strategy. Further updates from the company are anticipated.
This news report is based on a press release statement issued by CAP-XX Limited.
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