CAP-XX Limited to open European office, over the last few quarters, CAP-XX has achieved success in securing orders for the supply of supercapacitors to Tier-1 component suppliers to the global automotive industry. In order to strengthen its relationships in this increasingly important segment, the Company has appointed Marco Ranalli to lead CAP-XX's European business strategy serving the specialist demands of the automotive industry as well as the internet of things (IoT). Mr. Ranalli was most recently Global Director of Gentherm's Battery Systems Business Unit and has over 20 years' experience in the automotive markets. Mr. Ranalli will also evaluate the potential benefits of establishing a local engineering and new business centre in Germany and in the meantime will work alongside CAP-XX's European distributor network to develop supercapacitor solutions to meet the specific demands of the automotive sector.