ENERCAP HOLDINGS AND APEX INVESTMENTS UNVEIL JOINT VENTURE LOGO AT EXCLUSIVE GALA DINNER

The World's Largest Supercap Energy Storage Facility Announced

Abu Dhabi, UAE – September 18, 2024 – In a spectacular gala event at The Ritz-Carlton Abu Dhabi, ENERCAP Holdings and Apex Investments PSC revealed their new joint venture and its innovative logo, marking the beginning of an exciting new partnership in the energy storage industry. This exclusive gathering was attended by the crème de la crème of the UAE’s business and industry elite, who celebrated the announcement of a groundbreaking project set to transform the energy storage landscape.

The event, meticulously organized by Big Bash Squad and Dream Advertising LLC, premium event management agenciesbased in Dubai, featured a luxurious atmosphere complemented by a sophisticated setting, entertainment, and exquisite cuisine. The gala dinner perfectly embodied the high-profile stature of both ENERCAP and Apex Investments.

The joint venture aims to create Enercap Energy Holding Limited, a global leader in supercap energy storage solutions and plans to build the world’s largest supercap energy storage manufacturing capacity. The venture will address the growing global demand for sustainable, long-lasting, and highly efficient energy storage systems—surpassing traditional lithium-ion battery technology.

Mark Blackwell, CEO of Apex Investments, highlighted the importance of long-life, stable energy storage for renewable energy applications, stating, "Supercap energy storage, developed by ENERCAP in the UAE, provides the technological leap required to accelerate the adoption of renewable energy, electric transportation, and decarbonization. We are thrilled to support this cutting-edge technology and the vision of Waseem Qureshi and his team."

Waseem Ashraf Qureshi, CEO of Enercap Holdings, inventor of the supercap technology, expressed his enthusiasm for the joint venture: "This partnership will accelerate our global growth and expand our product portfolio to provide world-class energy storage solutions across all applications. Supercap energy storage is the future of energy."

This joint venture signals a significant advancement in energy storage and represents a pivotal step in achieving global decarbonization goals. With the UAE's strategic resources and expertise, ENERCAP and Apex Investments are poised to lead the world in supercap energy storage.