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Company Update

6 Jan 2014 07:40

RNS Number : 9431W
CAP-XX Limited
06 January 2014
 



CAP - XX Limited

("CAP - XX" or the "Company")

 

CAP-XX releases prototype SMD supercapacitor for licencing evaluation

 

The Company announces that CAP-XX is ready to ship prototypes of its new surface mount supercapacitor to potential licencees. These surface mount devices are suited for applications for high volume devices, where re-flow solder board assembly is deployed, notably smart phones.

The Company has employed an additional sales manager to cover Asia where it is experiencing growth in demand for its devices. He is a Korean national with experience in passive component sales including supercapacitors, in Asia, North America and Europe.

Meanwhile, the Company is experiencing increasing interest from the US and India for its automotive supercapacitors and is in discussions on licensing.

CAP-XX expects to report sales in A$ for the half year to December 31st ,21% ahead of the corresponding period of 2012/13. Cash is expected to be A$2.7m as at 31st December. Together with the cost reduction programme which continues to deliver savings and improved gross margin and a weakening A$, the Company is in line to meet market expectations for the half year and views the remainder of its financial year with confidence.

 

Anthony Kongats, CAP-XX Chief Executive said:

"We are pleased to start sampling our SMD supercapacitor which addresses a clear industry demand for devices suitable for high volume reflow manufacturing techniques. We are now actively seeking licensees for this SMD technology. We remain pleased with the level of interest the Global automotive industry has been expressing in our large prismatic supercapacitors and are in negotiations with multiple parties.

 

For further information, please contact:

CAP-XX Limited

 

Anthony Kongats (Chief Executive Officer)

 

+61 (0) 2 9428 0139

Cenkos SecuritiesStephen Keys/Camilla Hume (Corporate Finance)

 

+44 (0) 20 7397 1949

 

Kreab Gavin Anderson & Company Robert Speed (Financial PR) 

 

+44 (0) 20 7074 1800

 

 

Notes to editors

 

About CAP-XX

CAP-XX (LSE:CPX) is a world leader in the design and manufacture of thin, flat supercapacitors and energy management systems used in portable and small-scale electronic devices, and to an increasing extent, in larger applications such as automotive and renewable energy. The unique feature of CAP-XX supercapacitors is their very high power density and high energy storage capacity in a space-efficient prismatic package. These attributes are essential in power-hungry consumer and industrial electronics, and deliver similar benefits in automotive and other transportation applications. For more information about CAP-XX, visit www.cap-xx.com 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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Date   Source Headline
8th Jul 20087:00 amRNSDirectorate Change
26th Jun 20087:00 amRNSFirst Tranche Payment
27th May 20088:49 amRNSLicence Agreement
31st Mar 20087:01 amRNSInterim Results
26th Mar 20087:26 amRNSMURATA LOI
16th Jan 200810:00 amRNSStmnt re Share Price Movement
5th Oct 20079:00 amRNSCAP-XX Analysts Site Visit
1st Oct 20077:01 amRNSFinal Results
26th Sep 20075:04 pmBUSCAP-XX to Present Talk on Improving Mobile-Phone Audio Quality and Power at AES Convention
19th Sep 20074:14 pmBUSDesign News has named the CAP-XX supercapacitor-powered BriteSound Power Architecture for music phones as a finalist in the 2007 Golden Mousetrap Awards. Specifically, the ultra-thin CAP-XX HS206 supercapacitor was selected for its ability to overcome pow
10th Sep 20073:00 pmBUSUltra-thin CAP-XX supercapacitors boost power delivery in mobile devices to drive power-hungry applications, such as LED flash and cellphone audio, while also extending battery life. The company's new high-temperature models feature a higher-boiling-point
21st Aug 20078:35 amRNSDirectorate Change
20th Aug 20079:25 amRNSAIM Rule 26
16th Jul 200710:41 amRNSDirector/PDMR Shareholding
12th Jun 20074:03 pmBUSCAP-XX Announces BriteSound Power Architecture to Pump up the Volume in Music Phones
7th Jun 200710:32 amRNSDirector Dealing
9th May 20077:02 amRNSDirectorate Change
20th Apr 200710:52 amRNSHolding(s) in Company
20th Apr 200710:39 amRNSHolding(s) in Company
26th Mar 20077:00 amRNSInterim Results
21st Mar 20077:00 amRNSPartnering Agreement
6th Mar 200711:22 amRNSNotice of Results
28th Feb 20076:06 pmBUSThin enough to fit in a slim camera phone, the CAP-XX GS206 dual-cell supercapacitor, highlighted in red, was selected as an EDN Innovation Award finalist. As the backbone of CAP-XX's BriteFlash(TM) LED flash power architecture, it can power multiple high
16th Jan 200712:00 pmRNSDirector/PDMR Shareholding
16th Nov 200612:05 pmRNSNotifiable Interest
16th Nov 200610:48 amRNSResult of AGM
16th Nov 20067:42 amRNSAGM Statement
13th Nov 200611:47 amRNSNotifiable Interest
23rd Oct 20062:34 pmRNSMovement in Share Price
11th Oct 20066:15 pmRNSNotice of AGM
27th Sep 20061:10 pmRNSGrant of Options
18th Sep 20067:00 amRNSFinal Results
12th Sep 20069:27 amRNSBlocklisting/Grant of Options
6th Sep 200612:52 pmRNSHolding(s) in Company
22nd Jun 20067:00 amRNSPre-close Trading Update
5th May 20067:00 amRNSDirector/PDMR Shareholding
20th Apr 20067:00 amRNSAdmission to AIM

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