Cap-XX strikes distribution agreement with Poland's JM Elektronik

17th Jan 2025 10:28

(Sharecast News) - Supercapacitor and energy management system design Cap-XX has struck a new strategic distribution agreement with JM Elektronik to expand its presence in Poland.

Cap-XX will grant JM Elektronik, a leading Polish electronic component distributor, the right to distribute its full range of high-performance supercapacitor products throughout Poland.

The AIM-listed firm stated JM Elektronik will target key growth markets, including smart metering, home automation, point-of-sale systems, lighting, medical devices, and industrial controls.

Chief executive Lars Stegmann said: "We are excited to partner with JM Elektronik to expand our market reach in Poland. Its extensive experience and strong customer relationships make it an ideal partner to introduce Cap-XX's supercapacitor technology to new industries and applications.

"This strategic alliance marks a significant milestone for Cap-XX as it continues to grow its international footprint and deliver advanced energy storage solutions for a smarter and more efficient world."

As of 1025 GMT, Cap-XX shares were up 3.13% at 0.14p.

Reporting by Iain Gilbert at Sharecast.com