LONDON (ShareCast) - (Sharecast News) - Shares in energy storage firm CAP-XX jumped on Monday after the signing of a global distribution agreement with industrial and electronic components distributor RS Group.
The agreement with RS Group, which operates in over 30 countries, expands CAP-XX's global reach with a customer base that spans industrial OEMs, automation engineers, and maintenance professionals.

CAP-XX said RS Group was an "ideal partner" due to its footprint and industrial focus, extending the availability of its prismatic, cylindrical, and hybrid supercapacitors worldwide.

RS Group is now one of three international distribution partners - the others being Avnet subsidiary Farnell and Digi-Key.

Chief executive Lars Stegmann called the deal a "key milestone in our global expansion".

"RS Group's industrial focus and extensive logistics reach mean our high-performance supercaps will be easily accessible to a broader range of customers, from students, design engineers to SMEs."

Shares were up12.4% at 0.24p by 0934 BST.

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