Appointment of Non-executive Director

RNS Number : 6859K

CAP-XX Limited

24 August 2012

 



24 August 2012

 

CAP-XX Limited

Appointment of Non-executive Director

CAP-XX plc ("the Company"), the AIM listed leader in the design and manufacture of thin form prismatic supercapacitors, is pleased to announce the appointment to the Board of Bruce Ferguson Grey, effective 24 August 2012.  

Bruce joins the CAP-XX board with a strong track record of management in engineering and manufacturing companies and of commercialisation of automotive technology gained through his 13 years with Bishop Technology Group, a privately held Australian automotive technology development company.  Bruce was responsible for the securing of licensing agreements with Robert Bosch GmbH, Mercedes Benz and Ford Motor Company as well as two Chinese component groups.  He additionally secured an equity investment in Bishop from Mercedes-Benz, which was subsequently transferred to ThyssenKrupp Presta Steertec GmbH.  Bishop's technology is today present in over 20% of vehicles manufactured worldwide.  In 2012 he was appointed to the Australian Federal Government's Clean Technology Investment Committee.

Anthony Kongats, CAP-XX Chief Executive said:

"The appointment of Bruce to the CAP-XX Board is an acknowledgement of the rising importance of the automotive market opportunity to our business as we develop supercapacitors, notably for stop-start applications. We have developed and tested prototype devices which have given encouraging results and Bruce's experience in the commercialisation of automotive technology will be a welcome addition to the board as we expand our into new markets."

Mr. Bruce Ferguson Grey, aged 66, is or has been a director of the following companies during the previous five years:

Current Directorships:	Directorships held within the previous 10 years:
Advanced Manufacturing CRC Limited	Bishop Innovation Management Pty. Ltd
AMCRC Pty. Ltd	Bishop Innovation Pty. Ltd
Greyinvest Pty. Ltd	Bishop Manufacturing Technology Ltd
Innovativity Ltd	Bishop Steering Technology Pty. Ltd
	Bishop Technology Group Ltd
	Steering Management Pty Ltd

There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies.

For further information, please contact

CAP-XX Limited Anthony Kongats, Chief Executive Officer	[phone]
Seymour Pierce Ltd (Nominated Adviser and Broker) David Banks, Catherine Leftley	[phone]
Kreab Gavin Anderson & Company (Financial PR) Robert Speed, Deborah Walter	[phone]

Notes to Editors:

CAP-XX is a world leader in the design and manufacture of thin form prismatic supercapacitors and energy management systems, predominantly for portable and small scale electronic devices.

The unique feature of CAP-XX's supercapacitors is their ability to store high volumes of energy and output high power levels within a thin prismatic design.  These attributes are critical for power-hungry electronic devices, including mobile phones.

Portable devices are one of the fastest growing segments of the electronics market, and provide the greatest opportunities for CAP-XX's products.  CAP-XX's products are already an established enabling technology for the current generation of wireless and portable devices. 

 

END

 

 

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