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Cap-XX Ltd - Sydney-based maker of supercapacitors and energy management systems - Says automotive supplier Continental Automotive GmbH has granted the part submission warrant to Cap-XX, following its successful completion of Continental’s production part approval process. In February 2022, Cap-XX signed a sourcing agreement with Continental to provide CAP-XX DMT220 prismatic supercaps for one of Continental’s key automotive programs from 2024 to 2030.
‘Successfully completing this time and resource-intensive quality standard to meet the most stringent requirements of the German automotive industry is an endorsement to Cap-XX’s product and manufacturing capabilities, and paves the way for Cap-XX to join other European automotive projects’ says Marco Ranalli, general manager of Cap-XX Europe.
Current stock price: 2.44 pence, up 25% on Tuesday morning in London
12-month change: down 54%
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