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SYDNEY - CAP-XX Limited, a designer and manufacturer of supercapacitors and energy management systems, has entered into a distribution agreement with JM Elektronik, enhancing its presence in the Polish market. The agreement, announced today, allows JM Elektronik to distribute CAP-XX's comprehensive range of supercapacitor products throughout Poland.
JM Elektronik, a family-owned company established over three decades ago, is recognized as a leading distributor of electronic components in Poland and serves nearly 1,000 active clients. This partnership aims to target growth markets within the region, including sectors like smart metering, home automation, point-of-sale systems, lighting, medical devices, and industrial controls.
Lars Stegmann, Chief Executive Officer of CAP-XX, expressed optimism about the partnership, stating, "We are excited to partner with JM Elektronik to expand our market reach in Poland. Its extensive experience and strong customer relationships make it an ideal partner to introduce CAP-XX's supercapacitor technology to new industries and applications."
CAP-XX, listed on the London Stock Exchange (LON:LSEG) as LSE:CPX, is known for its thin, flat supercapacitors that provide high power density and energy storage capacity. These supercapacitors are increasingly used in a variety of applications, ranging from portable electronics to larger systems in automotive and renewable energy sectors.
The strategic alliance with JM Elektronik signifies a major step for CAP-XX in its efforts to grow its international footprint and deliver advanced energy storage solutions. The collaboration is expected to drive demand for CAP-XX's innovative products in Poland, catering to the evolving needs of the electronics industry.
This distribution agreement is based on a press release statement issued by CAP-XX and is intended to communicate the company's expansion strategy in the Polish market.
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