LONDON, UK: CAP-XX announced that Mr Anthony Kongats has informed the Board of his decision to step down from full time employment and as a Director and CEO of the Company.  The Company also announces that it is in advanced discussions with a proposed new CEO for CAP-XX, with this individual being based in Western Europe.  It is anticipated that Mr Kongats’ resignation will take effect on 12 May 2023.

The Company and Mr Kongats expect to enter into an appropriate consultancy arrangement to ensure that CAP-XX continues to benefit from his extensive knowledge of CAP-XX’s technologies, applications and customers.

Mr Kongats founded CAP-XX in 1997 and listed the Company on the AIM market of the London Stock Exchange in 2006, since when it has developed to its position as a world leading manufacturer of supercapacitors, developing new technologies and energy storage solutions.

Mr Kongats went on to orchestrate CAP-XX’s acquisition of the supercapacitor manufacturing lines of Murata, a former licensee, overseeing the successful relocation and commissioning of the facilities from Japan to Sydney, Australia.

It is with sadness that the Board has accepted Anthony’s decision to step down as CEO and wishes to take this opportunity to thank Anthony for his vision, innovation and leadership.

Patrick Elliott, Non-Executive Chairman of CAP-XX Limited, said: “On behalf of the entire Board, I’d like to thank Anthony for creating a market leading energy storage research and development company, that is addressing future energy targets and solutions.  Under his stewardship, CAP-XX has become a world leading manufacturing business renowned for innovating and developing cutting edge technology for the energy storage.” 

Anthony Kongats said: “After 23 years with CAP-XX, I feel the time is right to step back from running the Company.  I am immensely proud of what we have achieved, and I am confident that CAP-XX will remain at the forefront of innovation, leading the world in supercapacitor development and future energy storage solutions for decades to come.

“Over my 32-year career I have made many great friends with colleagues, shareholders and throughout the industry, in Australia and abroad. I truly value these relationships and our collective and combined contribution to the furtherment of energy technology.”

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