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newtrader7 - many thanks for your reply.
Regarding the fourth line, the DMH production line, here's a statement from the interim results, the six month results, from last week:-
"The electrode, DMF and DMT production lines are now commissioned and operational, with product shipping to customers. The current output and key performance metrics are currently tracking in line with our expectations. As expected at this stage of production, the Company is continuing to address small incremental improvements and is hiring additional staff for the Seven Hills facility. We expect to see steady improvement over the remainder of 2021. The Board is confident that target outputs and other key performance metrics will be reached by the end of 2021 as initially planned. The commissioning of the fourth production line, the DMH line, is still planned for the latter half of 2021, with production expected to start in early 2022 as time and resources allow and subject to customer demand."
So it may well be as you say that they need more engineers for the fourth line, the DMH line, as per the "hiring additional staff for the Seven Hills facility." The Murata automated production lines are housed at the Seven Hills facility.
Peoples power,
My view on the 4th line would be the sooner they get it up & running the more time they allow themselves to get the yield to the level they want & iron out any issues. The more time they allow for this the better. Delaying it could mean they don't have engineering know how or just lack engineers to throw at it, such as they stated the needed support from Japan etc. Which kind of supports this thought
With regards to them taking over from murata, don't put to much thought into it really, the cpx components are only 1 component on a pcb which is made up of 100's most likely.
It could be a case of whoever the cem/oem is building the PCB's they have an alternate part on the bom so they can drop in any number of components if there is a shortage of the preferred type. This generally runs to a main comp with 4 alternate before required to gain further approval of change.
If its a product currently in production then the part change can be implemented vai a engineering change notice if not already part of a BOM & go straight into production once all the companies or pcb produces OK the change depending on what the contract states will decide how many need to approve it.
If this is a new product then its likely already on the bom & it will just have to go through all the validation processes etc.
Not sure if I've missed anything or if it's clear there, each time I read it bk I make slight changes haha
newtrader7 - A reminder from past news.
CAP-XX plans to maintain Murata's existing pricing on Murata's small, thin DMF, DMT and DMH supercapacitor product families:
DMT is a high-power, ultra-long life, high temperature supercapacitor suited for extreme applications such as solid-state drives and automotive applications. Due to its thinness, it can be assembled onto printed circuit boards (PCBs).
DMF is a general purpose, very high power, long life supercapacitor that has very low ESR and a wider operating voltage range. It is suitable for high brightness LED flash, high-power audio, smart meters and more. It, too, can be assembled onto PCBs.
DMH is an ultra-thin 0.4mm supercapacitor suited for smart phones, smart credit cards, wearables, 3V coin cell battery applications and other very thin IOT applications.
We know that Murata provided extra stock of all of these to CAP-XX before de-commissioning the production lines. It could be that CAP-XX have plenty of stock of the DMH and don't need to commission the DMH line, the fourth production line, until the latter half of 2021 with production expected to start in 2022.
newtrader7 - any thoughts on the DMH line, 4th production line, not up and running until early 2022 would be much appreciated.
I've posted another question for you further on down and would be pleased to read your thoughts on that too.
The Company has notably achieved a design win with a global Tier-1 automotive component supplier for passenger vehicle door locking and climate control applications and is working on a second project related to data logging with the same Tier-1 supplier as it completes the formal supplier accreditation process. This Tier-1 supplier was previously a customer of Murata.
newtrader7 - would love to know your thoughts on this statement from the interim results yesterday. Also, your thoughts on timescales too for this. Many thanks.
Happy to give my opinion from experience of producing electronic items for the automotive sector.
I could be wrong but what I'm stating is the general rule of thumb if you like. We have moved faster but there is unwanted risk on both sides if you like & if it's one thing the automotive sector doesn't like its risk but there are certain companies that will happily bypass things. One of which we had the pleasure of dealing with for the pinical of said sport was notoriously cowboy.
If you can think of anything I could give a view on then feel free to ask, I may miss it though as I'm not one to come bk n fore daily
Thank you newtrader7, it's so good to have an 'insider's view" on here, so we can understand it much better.
If your aware of the global electronic component situation then you will know that demand is far outstripping production capacity on a global scale & isn't expected to improve this year as its not in the best interest to increase capacity at the moment.
Sales are working on an allocation basis & will do for some time for the more complicated components such as integrated circuits, bare die etc etc this is filtering into a number of other components also.
So I wouldn't look to much into the capacity or demand issue, the fact there appears to be no rush to get the 4th line up & running is a concern to be.
Also wouldn't expect a big push to expand on production if they have gone down the road of using 2nd hand kit, the investment for a single line in modern kit could likely replace 3 of their current lines but naturally the outlay & roi would be greater.
I would expect things to carry on as they are until the tech becomes more common place.
This is a buy now & come back in 2 years.
Say for example the start to supply stuff for the automotive sector there is a 2 year period of validation to get through before you get into volume production.
http://www.allenbycapital.com/research/research-cpx_44_3299704716.pdf
Interesting to note, D Newlands still owns 2.97% of shares in CAP-XX
CAP-XX have bought £100m worth of Murata automated production lines for less than £5m.
There are 4 production lines. CAP-XX have 3 production lines up and running already. The order book is double what it was in January 2020. Demand may outstrip supply.
CAP-XX are chasing Ioxus for nearly US$5m for patent infringement.
CAP-XX will win the Maxwell/Tesla patent infringement because it's the same patent infringement as the Ioxus case which has already been won.
The profits made from the Murata automated production lines can be invested back in to grow manufacturing more and more.