CAP-XX and SCHURTER Announce Strategic Cooperation Agreement

CAP-XX Limited, a global leader in supercapacitor technology and energy management systems, and SCHURTER Group, a leading innovator in electronic components and HMI, are pleased to announce a strategic Technology Cooperation Agreement. This partnership reflects the commitment to creating a safe, all-electric, and connected society.

The aim of this agreement is to strengthen the market position of both companies by leveraging synergies across research, development, manufacturing, and sales. By pooling resources and expertise, the partnership will foster innovation and efficiency, driving shared growth opportunities in the rapidly evolving energy storage sector.

The Cooperation will focus on collaborative projects within the field of energy storage technologies, while also allowing for future collaborations in additional areas as mutually agreed.

The agreement outlines two types of cooperation: smaller projects and idea exchanges, which will move forward without additional agreements under the existing Cooperation Agreement, and larger strategic initiatives that will be implemented using sub agreements. These will cover financing, project management, intellectual property, exclusivity rights, and other essential details. Any intellectual property developed together during the partnership will be jointly owned by the parties.

To support this collaboration, SCHURTER will provide the “SCHURTER Innovation Platform” as a centralized tool for idea sharing and technology roadmap development. This platform will facilitate the exchange of ideas and insights, contributing to shared innovation goals.

This strategic partnership represents a significant step forward for both companies, combining CAP-XX’s expertise in advanced energy storage solutions with SCHURTER’s strong innovation leadership. By working together, the companies aim to accelerate the development of inspirational, tech-driven market innovation and deliver enhanced solutions to global markets.

Lars Stegmann, CEO of CAP-XX, commented: "We are delighted to enter into this strategic Technology Cooperation Agreement with SCHURTER Group. This partnership represents a unique opportunity to combine our strengths and accelerate innovation in energy storage solutions. By leveraging our combined expertise in research, development, and manufacturing, we aim to deliver groundbreaking technologies that will shape the future of the energy storage market. Working closely with SCHURTER will enable us to unlock new opportunities and drive shared success, reinforcing CAP-XX’s position as a global leader in supercapacitor technology."

Lars Brickenkamp, CEO of SCHURTER Group, added: "We are pleased to be partnering with CAP-XX to accelerate innovation in energy storage solutions. This collaboration aligns perfectly with our commitment to delivering tech-driven market innovation to our customers. By combining our expertise, we aim to create new opportunities and strengthen our position in the evolving all-electric and connected future.”