RE: Cpx ...20 Aug 2019 20:53
Management has reported total enquiries, if converted to orders, would amount to annualised revenue of $20m, including >$2m of design wins covering >70 projects (cylindrical and automotive; small IoT and Thinline; and the new 3V supercapacitors). The 3V product family, due for launch mid- 2019, opens a potentially huge market as supercapacitors can address the shortcomings of Li-ion coin cell batteries. Licensing negotiations are ongoing with numerous parties for applications in multiple sectors. These are complex in nature and hence difficult to predict but the recent TDK agreement is encouraging. Year-end net cash of A$1.9m should benefit from the receipt of the A$1.6m R&D tax rebate in H1. Forecasts reflect a more conservative view on the timing of licences partly offset by further growth in own Product volumes.