RE: Seems like no end...4 May 2021 19:46
Great poster this Bomber on ADVN:
What we have always wanted from CAP-XX is good solid newsflow , and today's announcement of yet another new supercap application is the fourth in as many months . We have had CAP-XX's involvement in an indoor light harvesting product , a needle-free drug delivery system , a product assisting e-bike connectivity , and now today a product that detects , diagnoses , and notifies in real time all vehicle windscreen damage . Interestingly enough , and very encouragingly , of these 4 innovative products , only one will use one of Murata's supercapacitors , which CAP-XX now manufacture in Sydney . In today's announcement , "Jack" is part of AGC , the No 1 global supplier of windscreen glass , which is used on 1 in 4 cars , and this product claims it can be fitted near to your windscreen mirror in 30 seconds . AGC is a large global windshield manufacturer with 56000 employees , has a market cap in Japan of around US$10bn , global sales of around US$13bn , and operating margins that have ranged between 5.3% and 9.3% in the last 5 years , therefore a very useful "name" for CAP-XX to be associated with . At the time of CAP-XX's interims in February , we were told that the company had achieved a design win with a global Tier 1 automotive supplier for passenger vehicle door locking and climate control applications , and that it is working on a second project related to data logging with the same Tier 1 supplier . Significantly , CAP-XX said that this customer was previously a customer of Murata's . Therefore , most encouragingly , today's news would appear to be in addition to this win . CAP-XX also stated in February that it had been approved as a supplier by a leading smart phone supplier , and we await developments on that particular front with huge interest . CAP-XX is a June year end , and a strong second-half is in prospect . In February , CAP-XX declared itself to be delighted with the progress of the X-Murata plant and the strength in the underlying business despite the effects of COVID 19 . The order book had more than doubled on a year ago driven by IOT markets , enquiries were rising , the newly installed X Murata facility was raising output steadily , and CAP-XX was even confident enough to state that " potential demand already exceeds annual capacity " . Whilst directors and senior management have sold a little bit of stock in the last 2 months , mainly to pay for the options they took up in December , 2020 at 5p per share , the 3 top directors still have a total of 7.1% of CAP-XX with the CEO and founder owning 3.3% . In terms of further option incentives there is one large position left open covering 16.5m shares at an exercise price of 11.5p with an expiry date of 11th December , 2022 , which is a healthy carrot . Indeed , the recent appointment of a larger broking house in the shape of Cenkos , who will be joint broker with Allenby , definitely tells you that lofty ambitions are at play .
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