CAP-XX, Australia-based manufacturer of thin-form supercapacitors and energy management systems, recently formed a joint venture for what it calls a "transformational new graphene material".

The deal is with Australia's Ionic Industries, which is developing new forms of graphene for a variety of markets, and involves the commercialization of reduced graphene oxide (rGO) for supercapacitors and other energy storage devices.

CAP-XX will manufacture and sell supercapacitors and energy storage devices using rGO, on behalf of the joint venture, under the CAP-XX brand.

Its customers are expected to receive samples around mid-2024.

CAP-XX's chief executive, Anthony Kongats, said: "[The joint venture] gives CAP-XX (AIM:CPX) the opportunity to commercialize a new class of supercapacitors with significantly higher energy densities using Ionic's proprietary reduced graphene oxide... Our immediate goal is to translate the rGO technology into a system that can meet all the stringent performance and specification requirements of commercial supercapacitors."

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