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Sydney, Australia CAP-XX Inc. has been named a 2005 Technology Pioneer by the World Economic Forum. Technology Pioneers are selected for developing and applying the most innovative and transformational technologies. This year’s honorees are leaders in nanotechnology, drug development, renewable energy and wireless technology, and have the potential to significantly impact business and society.

Supercapacitors provide an ideal power solution for increasingly smaller and more functional portable devices. With high power and energy densities, supercapacitors provide the high burst power required when taking a digital photo, sending wireless phone or PDA transmissions, providing back-up energy or hot-swapping battery packs.

CAP-XX has pioneered supercapacitor technology that leads the industry in energy density by combining high capacitance and low internal resistance in a thin and flat package. This has enabled manufacturers to design smaller, thinner, longer-running GPRS/EDGE/3G communication devices such as smartphones, PDAs, PCMCIA and Compact Flash modems plus is enabling emerging medical and consumer applications such as White LED flash in cell phones and digital cameras.

In its three-year production history, CAP-XX has shipped approximately 500,000 supercapacitors. They use nanotechnology techniques to prepare raw materials and assembly techniques to achieve their leadership performance for high power delivery in the smallest packages. They play a valuable role in wireless technologies and renewable energy sources like fuel cells and solar power.

“It is an honor for CAP-XX to become a Technology Pioneer,” said Anthony Kongats, CAP-XX’s CEO. “It will be an excellent opportunity to discuss future innovations for supercapacitors with other pioneers in wireless, nano, and renewable energy technology.”

At the annual meeting, Mr. Kongats will be a discussion leader in sessions on Nanotechnology and on the “Technologies Most Likely to Succeed” which will discuss what technology will have the same impact as the Internet 15 or 20 years from now.

Co-chairs of the event include Bill Gates and John A. Thain, CEO of the New York Stock Exchange. The over 200 past winners include Google, PayPal, Monster.com and NanoGen.

About the World Economic Forum’s Technology Pioneers Program

In line with the Forum’s commitment to improving the state of the world, the Technology Pioneers program was established in 2000 to provide a new perspective on technological change. The Forum runs the program with Apax Partners and Deloitte Touche Tohmatsu as strategic partners. Through its Technology Pioneers program, the Forum identifies and integrates those companies around the world that are involved in the design and development of new technologies. Each innovation, whether it has large or small consequences, represents another step in society's attempt to harness, adapt and utilize technology to change and improve our world. The World Economic Forum is invested in monitoring and highlighting these innovations and exploring possible societal repercussions.

Each year members, constituents and collaborators of the World Economic Forum nominate Technology Pioneers. The criteria for selection include:

1. Innovation. The company’s technology must be truly innovative. A new version or repackaging of an already well-accepted technological solution does not qualify as an innovation. The innovation should be recent – not more than two years old. The company should invest significantly in R&D.

2. Potential Impact. This company’s technology must have the potential to have a substantial long-term impact on business and society in the future.

3. Growth and Sustainability. The company should have all the signs of a long-term market leader and should have well-formulated plans for future development and growth.

4. Proof of Concept. The company must have a product on the market or have proven practical applications of the technology. Companies in “stealth” mode and companies with untested ideas or models will not qualify.

5. Leadership. The company must have visionary leadership that plays a critical role in driving the company towards reaching its goals.

6. Status. The company must not currently be a Member of the World Economic Forum. This criterion applies to the parent company – thus wholly-owned subsidiaries of large firms are not eligible.

An external review committee comprised of technology experts evaluates nominees with respect to the criteria above.

The World Economic Forum (http://www.weforum.org), based in Geneva, Switzerland, is an independent organization committed to improving the state of the world. Funded by the contributions of 1,000 of the world's foremost corporations, the Forum acts in the spirit of entrepreneurship in the global public interest to further economic growth and social progress. The Forum serves its members and society by creating partnerships between and among business, political, intellectual and other leaders of society to define, discuss and advance key issues on the global agenda. Incorporated in 1971 as a foundation, the World Economic Forum is impartial and not-for-profit, and is tied to no political, partisan or national interests. In 1995 the Forum was awarded NGO consultative status with the Economic and Social Council of the United Nations.

About CAP-XX

CAP-XX Inc. develops and manufactures high surface area, thin film capacitors known as supercapacitors. These high-power energy storage devices enable manufacturers to make smaller, thinner and longer-running products such as cell phones, PDAs, medical devices, AMRs and power tools. The private company has its main operational base in Sydney, Australia, and sales offices in South Carolina and Texas, USA and Taipei, Taiwan. For more information visit http://www.cap-xx.com or send email to sales@cap-xx.com.


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