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SYDNEY - CAP-XX Limited (LON:CPX), known for its design and manufacturing of supercapacitors and energy management systems, announced today the appointment of SW Audit as its new auditor. SW Audit, part of the ShineWing International Limited network, was selected after a competitive tender process.
The change comes after the Australian Securities and Investment Commission (ASIC) consented to the resignation of the previous auditor, BDO Audit Pty Ltd, as required by the Australian Corporations Act 2001. CAP-XX’s decision to switch auditors aligns with its assessment of the company’s current and future needs.
SW Audit is recognized as an independent member of the global accounting and advisory network ShineWing International, which boasts over 100 offices in 21 regions. The Board’s selection of SW Audit reflects a strategic move for CAP-XX as it continues to grow its presence in the supercapacitor market.
CAP-XX has established itself as a significant player in the energy storage industry, offering high-power density and energy storage capacity in space-efficient prismatic packages. These supercapacitors are increasingly used in a wide range of electronic devices, and the company is expanding into larger markets such as automotive and renewable energy.
The appointment of SW Audit is expected to support CAP-XX’s strategic objectives and governance as the company navigates the evolving landscape of energy management technologies. This announcement is based on a press release statement and provides a factual update on CAP-XX’s corporate affairs without endorsing any claims.
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