The Board of CAP-XX announced that the Company has signed a Memorandum of Understanding ("MOU") with SCHURTER AG ("SCHURTER") to work closely together on technology development and co-branded supercapacitor products. This MOU marks a new era of collaboration between the two companies and establishes a strategic technology partnership. By combining their extensive knowledge and capabilities, CAP-XX and SCHURTER aim to jointly develop innovative, competitive products and new application-specific solutions.

To meet evolving market needs, CAP-XX and SCHURTER will work closely together to develop new technologies, including co-branded supercapacitor products. CAP-XX and SCHURTER will work together to: Explore opportunities to expand into new geographic and demographic markets; Leverage each other's technical and market expertise to enhance overall capabilities; and Driving joint research and development projects to foster innovation and bring advanced solutions to market. The MOU marks the beginning of a strategic alliance that both companies believe will provide significant mutual benefits and create significant value for their customers and stakeholders.

CAP-XX has also granted SCHURTER exclusive rights to brand label and distribute CAP-XX's supercapacitor products within SCHURTER's electromechanical markets for a binding period (the "Exclusivity Right"). Whilst the MOU is not legally binding and the terms of any future collaboration between CAP-XX and SCHURTER is subject to final contract, the Exclusivity Right is binding until the end of 2029.