18 July 2025

CAP‑XX Limited
("CAP‑XX" or the "Company")

Update re. collaboration with SCHURTER

CAP‑XX Limited (LSE: CPX), a global leader in supercapacitor technology, is pleased to provide a further update regarding the cooperation agreement (the "Agreement") with SCHURTER AG ("SCHURTER"). The current total project pipeline under the Agreement is estimated to be approaching USD 2 million of potential revenue to CAP-XX, which underscores the commercial viability of the joint Agreement.

Progress over the first few months is delivering strong momentum

·      A diversified design-in pipeline is now underway across multiple industrial electronics projects.

·      Potential pipeline revenue to CAP-XX is approaching USD 2 million from prismatic supercapacitor volumes.

·      Achieved first design-win order, confirming early-stage commercial traction.

Strategic Significance

The Agreement between CAP-XX and SCHURTER represents a significant milestone in CAP-XX's growth strategy. By combining CAP-XX's advanced supercapacitor technology with SCHURTER's global market access and established customer relationships in the industrial and electronics sectors, the partnership enables CAP-XX to accelerate its commercial expansion. The collaboration is already facilitating entry into new market segments, while enhancing the scalability of CAP-XX's solutions through SCHURTER's international distribution and support infrastructure.

Recent Visit to Sydney Facility

This week, CAP‑XX hosted Lars Brickenkamp, CEO of SCHURTER, at its manufacturing plant in Seven Hills, Sydney. During his visit, Mr. Brickenkamp toured the facility alongside CAP‑XX CEO Lars Stegmann, observing first-hand the end-to-end production process.

Lars Stegmann, CEO of CAP‑XX, commented: "The cooperation with SCHURTER is delivering strong momentum. The first design-win order and c. USD 2 million of potential pipeline opportunities underscore the commercial viability of our joint innovation. It was a pleasure to host Lars Brickenkamp in Sydney and showcase our cutting-edge production capabilities."

Lars Brickenkamp, CEO of SCHURTER Group, added: "We are excited by the early success of our partnership. CAP‑XX's capabilities are truly world‑class, and we look forward to scaling global deployments of advanced energy storage solutions, leveraging SCHURTER's established international network."

Outlook for partnership

CAP-XX and SCHURTER will continue to advance multiple design-in opportunities across the industrial and electronics sectors, with a focus on converting the current pipeline into commercial sales. Both companies are actively working together on go-to-market strategies to maximise reach and customer engagement.

For further information, please contact:

CAP-XX Limited

Dr Graham Cooley (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

Jos Pinnington/Tony Quirke (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