The super-capacitor maker CAP-XX is targeting a partnership to commercialise a device for stop-start applications in cars and lorries.
CAP-XX's "super-capacitor module" removes the dependence on lead-acid batteries for starting the engine.
The company claims testing has shown its invention reduces wear on the battery caused by getting a vehicle going, which can reduce the battery's life to as little as 18 months.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
CAP-XX also says the device performs better in cold weather than the battery on its own, while also being an effective "energy store" for regenerative braking systems.
CAP-XX's stock had risen 13.3% by 10.58am. Over the last year the company's shares have gained 71.5%.
BS
-
Cash in on the growth prospects of Europe's companiesOpinion Marcel Stötzel, co-portfolio manager of the Fidelity European Trust, selects three stocks
-
Is the AI boom another dotcom bubble?25 years on from the dotcom bubble bursting, is it time for investors to consider the sustainability of the AI boom in the stock market?
