 Good morning everyone, I'm Lorenzo Grande, I'm a Technology Analyst at ID Tech X and I'm here with the CEO of CAPEX-X, Anthony Congatz, who has some great news to share with us. Hi Lorenzo, thank you very much. Yes, we've announced today a new 3V thin prismatic supercapacitor and this is great news for anyone for instance doing wearable devices, IOT devices, key fobs, etc. because it allows them to put this 3V supercapacitor directly across a 3V primary coin cell battery like the CR series of batteries that are very commonplace, sold in their billions every year. And now they don't need a low dropout voltage regulator or an LDO or a buck converter, they save their money, get some more energy, the supercapacitor energy is up by typically 40% or more. Power is now up by 23% in the supercapacitor and we would think that the battery users will get now 30, 40, 50% more battery run time using this new supercapacitor with a coin cell battery. That's really great to hear. I have a question regarding the thickness of your supercapacitors, how thin can you make them? We can make them at the moment down to 0.6 of a millimetre. Our licensee, Morata, is already down to 0.4 of a millimetre and we don't see why in time we won't get down to even 0.2 of a millimetre for a single cell. One of the advantages of supercapacitors is also their wide temperature range, so the temperature range in which they can operate. So I know you have also some excellent results in this respect, is that correct? In fact, tomorrow in my presentation I'm going to show you test results where we're running the supercapacitor cells at 3 volts, continuous, and at 70 degrees Celsius. And you'll see very little degradation over a long period of time in either the ESR, the resistance of the cell, or the capacitance of the cell. So when we compare this to the current technology today at 2.7 volts, this is head and shoulders better than anything out there at the moment. I know you have already some licenses who will be using your products. Can you tell me something more about it? Yes. Well, we've already licensed the technology to both Morata in Japan and AVX in America. And they're two very, very big electronic component device manufacturers. So they're using our IP, they're using it in different markets to where we're going. We're fully expecting to add new licenses as well. So there's a number that we expect to come through in the short while. And that will give us more and more reach and help overcome the electricity if there is any in supercapacitors. And for so engineers have a better idea of why they should use a supercapacitor and not get stuck in the past of just only ever think about using a battery. And obviously from what you're telling me, you also have a global outreach in terms of your partners, you're not only limited to Europe but you're also looking elsewhere in North America, Japan, East Asia. That's absolutely right. In fact, we're an Australian company and that's where we do our R&D and where most of us are based. However, most of our sales are going to North America, into Europe or Asia. We sell very little in the Australian market itself. One of the things we see with this three volt advancement that I told you about is that over time we expect this to roll out into other small supercapacitors like our thin line supercapacitors which are currently at 0.6 of a millimetre thick and also into our large automotive energy harvesting off grid energy storage cells which are up to 6,000, 7,000 farads each. And so we would hope to see that three volt technology progress right through there over time. That's one of the key benefits that CapEx has is that we're very adaptable in terms of our manufacturing process. We can make a variety of sizes. We're not limited to can shapes or form factors like a lot of the competition and we can adapt that with our very, very high power. This is one of the critical things that sets us apart from the competition. We have the highest power density in the world coupled with thin form factor making our devices very easy to be integrated by our customers for both small supercapacitors and very large supercapacitors. Speaking of performance, are there any metrics you would like to share with us? For instance, specific capacitance or cycle life that your products can handle? Oh, the cycle life is enormous. So it's certainly in millions. It does depend a little bit on the ambient conditions, what the temperature is, what the voltage is, etc. But these are very long life devices and very safe compared to battery technology. So from that point of view, in terms of power, our small supercapacitors now are over, some of these are over 100 kilowatts per litre in power density. So that's an enormous amount of power. Also, if I think of the IoT industry, there's a strong driver towards fit and forget technologies so your supercapacitors can handle millions of cycles so once they are in one IoT device, you can rest assured that nothing, you won't need to replace it or recharge it. Well, that's right. On the other hand, we also now offer designers of these IoT devices the opportunity to greatly extend the runtime they'll get from a primary battery cell, like a three-volt battery cell, by using our cell. The supercapacitors just great at taking all the peak powers needed for things like digital analog actuators, radio transmitters, anything that has a burst of power, we can handle that far, far better than any battery can and greatly extending the battery life at the same time. But I think one of the things that's important with this is the ability to take the costs out of the solution for the customer. The LDO currently is costing, this is a low drop-hour voltage regulator that today would be needed to take the battery voltage from three volts down to 2.7 volts. This is typically costing 30, 31 US cents per device. So we can save that immediately. And as you know, in IoT devices, 31 cents is a lot of money in the bill of materials. On the other hand, by taking that out, we save the battery a lot of energy that's otherwise wasted in going from three volts to 2.7 volts using this low drop-out voltage regulator. And that's how we can get 30%, 40%, 50% increase in battery run time. It's a real win-win for the industry. So I'm very grateful that you took the Aditec X, the opportunity to come here to the Aditec X show to launch this press release. So this is a world first in sharing these great news. Is there anything else you would like to tell us about future steps at this point? Well, we are going to roll the technology first into single-cells for the three-volt coin cell battery market. And then we expect to take it into the other small super-capacitor cells. We have that a prismatic. So this is our Z, our A, our W and S footprints. And also into our thin-line products and into our large prismatic form factor cells from 500 farads, 1,000 farads, up to 6,000 farads. Well, this is all great to hear. And I'm sure here at the Aditec X show there will be many end users that would like to get in conversations with you to discuss how they can implement your product into their wearable devices. Lorenzo, thank you for that. I think that this product will make a huge difference to anyone who's designing IoT devices or wearable devices and they need lower cost, longer run time, all at once. We can do that for them. Tell them to come and see us. Yes. Thank you very much. I wish you all the best and thank you for your time. Thank you, Lorenzo.