RE: About Bloody Time21 Aug 2020 12:25
CPX for the last 14 years has operated as an R&D company, developing SuperCapcitors that are more efficient, smaller and offer different power capabilities vs traditional lithium batteries. As a collective of incredibly smart people, their business model has been to partner with the worlds leading electronic component companies such as Murata, AVX, TDK and others.
These billion $ multinational companies have far superior resources to begin adoption by complex manufacturing processes.
Murata has switched the licencing strategy to focus on the development of Automotive Supercaps and has an ongoing relationship with Cap-xx.
As part of this switch, they agreed to sell the $14m production line they invested in to Cap-xx for circa $3m, as well as letting cap-xx inherit their customers and order book.
Please see the update on this from the recent 'Trading Update' RNS:
"As part of the project to transfer the former Murata manufacturing assets, CAP-XX has acquired the outstanding finished stock of Murata supercapacitors, which was manufactured to facilitate the transition of Murata's customers to CAP-XX. Direct product sales from CAP-XX of the expanded product range have now commenced, supported by the launch of a new CAP-XX website."