IN BRIEF: Cap-XX shares rise amid design win with 'major' Asian firm

Cap-XX Ltd - Sydney-based designer and manufacturer of supercapacitors and energy management systems - Secures a design win with an unnamed ‘major’ Asia-based multinational conglomerate which provides advanced audio solutions. Cap-XX will integrate its supercapacitors into the customer’s ‘next-generation’ headphone platform, which is set for launch in October. The new solution will deliver ‘superior’ performance across a temperature range from -25C to +65C, Cap-XX says. The company adds it is well-positioned for potential broader deployment across future product lines.

Cap-XX Chief Executive Officer Lars Stegmann says: ‘This design win is a strong endorsement of our technology and validates the value CAP-XX brings to next-generation consumer electronics. As devices become more compact and power-hungry, efficient energy storage becomes mission-critical. We are proud to support our customer’s innovation journey and excited about the broader opportunities this relationship may unlock.’

Current stock price: 0.13 pence each, up 19% on late Tuesday morning in London

12-month change: up 49%

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