CAP-XX Regulatory News (CPX)

20 Apr 2006 07:00

CAP-XX Limited20 April 2006 20 April 2006 CAP-XX Limited announces the first day of dealings on AIM CAP-XX Limited ("CAP-XX" or the "Company"), the world-leading supercapacitormanufacturer, today announces the admission to trading of its ordinary shares onthe AIM market of the London Stock Exchange ("Admission"). The Admission is by way of a placing of 18,433,333 new shares ("Placing") at 93pper share ("Placing Price"), representing 38 per cent. of the enlarged issuedordinary share capital of the Company. The gross proceeds of the Placing areapproximately £17.1m. Following Admission the number of ordinary shares in issuewill total 48,565,893. Based on the Placing Price, the Company will have a market capitalisation atAdmission of around £45.2 million. CAP-XX Chief Executive Anthony Kongats said: "Floating on AIM is a real milestone for CAP-XX and is pivotal in our Company'saim to become the number one supplier of supercapacitors into the mobile devicesmarket." "We believe that there is a fantastic opportunity in this market, as mobilehandset providers seek to provide increasingly power hungry applications, suchas quality flash photography. At present there is a widening gap between thepower these applications require and the power current battery solutionsprovide. The attributes of the CAP-XX solution means we are ideally placed tocapitalise on this by providing an immediate and easily accommodated solution tothe issue of power in mobile devices." Contact: CAP-XXAnthony Kongats, Chief Executive Officer +44 (0) 20 7554 1400 Gavin Anderson & Company (Financial PR)Deborah Walter / Robert Speed / Keith Brookbank +44 (0) 20 7554 1400 Collins Stewart Limited (Nominated Adviser and Broker)Stephen Keys +44 (0) 20 7523 8312 More information is available at www.cap-xx.com Business Summary • CAP-XX is a world leader in the design and manufacture of thin formsupercapacitors and energy management systems, predominantly for portableelectronic devices. • The unique feature of CAP-XX's supercapacitors is their ability to storehigh volumes of energy and output high power levels within a thin formdesign. These attributes will be critical for the next generation of highvolume, power-hungry portable electronic devices, including mobile phones. • Portable devices are one of the fastest growing segments of theelectronics market and provide the greatest opportunities for CAP-XX's products.The company's supercapacitors help to increase battery runtime and enableadditional device functionality, neither of which is possible with existingbattery technology. CAP-XX is in discussions with leading mobile phone handsetmanufacturers for the commercial deployment of its technology. • CAP-XX's products are already an established enabling technology forthe current generation of wireless devices, such as PDAs (Personal DigitalAssistants) and PCMCIA (Personal Computer Memory Card Association) cards.CAP-XX's supercapacitors are currently being used by a number of blue chipconsumer electronics companies. • Although the camera phone market is the company's initial focus, thereare many other potential applications for the company's technology, includingdigital still cameras, fuel cells and portable drug delivery systems. Company Background • CAP-XX is incorporated in Australia, has its headquarters andmanufacturing facility in Sydney and has a manufacturing agreement with PolarTwin Advance of Malaysia, which provides the Company with high volumemanufacturing services. • CAP-XX was established in 1997 by Anthony Kongats (Chief ExecutiveOfficer) and has been backed by some of the world's leading technologyinvestors, including Intel, Acer and Walden, as well as the Australiangovernment. The company built its pilot production plant in 1999, opened officesin the United States in 2000 and in Taiwan in 2002, and in 2003 began shippingproducts. The contents of this announcement, which has been prepared and issued by and isthe sole responsibility of CAP-XX Limited, have been approved solely for thepurposes of section 21 of the Financial Services and Markets Act 2000 by CollinsStewart Limited. Collins Stewart Limited, which is authorised and regulated inthe United Kingdom by the Financial Services Authority, is acting for CAP-XXLimited and for no-one else in connection with the matters described in thisannouncement and will not be responsible to anyone other than CAP-XX Limited forproviding the protections afforded to customers of Collins Stewart Limited orfor advising them on the contents of this announcement or any matter referred toherein. This announcement does not, and no part of it shall, constitute or form part ofany offer for sale or subscription of securities, or any solicitation of anysuch offer in any country, nor shall it, or any part of it, form the basis of orbe relied upon in connection with any contract or commitment whatsoever. Anyeventual acquisition of, or application for, shares in CAP-XX Limited should bemade solely on the basis of information contained in the admission documentrelating to CAP-XX Limited to be issued in due course in connection with theproposed admission to trading of shares to AIM, a market operated by LondonStock Exchange plc, and in compliance with applicable securities laws. This announcement is not for release, publication or distribution, in whole orin part, in or into the United States of America, Canada, Japan or anyjurisdiction where such announcement would be unlawful. The value of securities can go down as well as up. Past performance is noguarantee of future performance. This information is provided by RNS The company news service from the London Stock Exchange