Last checked at 27 May 2008 08:49
27th May 2008
CAP-XX formalizes partnership with Murata to supply supercapacitors
Following the announcement of a letter of intent in March, CAP-XX today announces the signing of a formal contract with Murata Manufacturing Corporation of Japan (Murata) to jointly develop and supply high performance supercapacitors for mobile handsets and other peak power-hungry, space-constrained portable applications.
The companies will initially work together to scale supercapacitor production to meet the anticipated demand of the global mobile handset market. The companies anticipate that volume mass production and sales from this partnership will commence in late 2009.
Murata's manufacturing expertise will speed mass production. The electronic component giant's distribution expertise will greatly expand the sales and marketing of the
CAP-XX developed supercapacitors, which have earned a unique industry position as the smallest and thinnest available for the peak power delivery and energy storage they provide. In parallel, the partners will jointly develop next generation products with CAP-XX leading the material development.
The partnership agreement enables CAP-XX to meet its customers' requirements for quality, volume and specification. Under the terms of the licence, CAP-XX will receive licence fees and a royalty based on the volume of sales of supercapacitors.
Anthony Kongats, CEO of CAP-XX, commented:
"Murata is the strong manufacturing partner we sought to increase the capacity of our thin-form supercapacitors and 'de-risk' CAP-XX as a supplier to the high-volume, mobile device customers who needed more production capacity than we could guarantee. Murata is also the leading supplier to the all of the top mobile handset market companies and as such is able to support us in building production to meet the demands of the marketplace, whilst supporting CAP-XX in new product development."
A Murata spokesperson said:
"Murata is pleased to partner with CAP-XX, the leader in supercapacitor development, to provide our customers with innovative and leading edge solutions".
For further information contact:
| CAP-XX |
| Anthony Kongats, Chief Executive Officer +61 (0)2 9428 0139 |
| Gavin Anderson & Company (Financial PR) |
| Robert Speed / Deborah Walter / Stuart Macaulay +44 (0) 20 7554 1400 |
| Collins Stewart Limited (Nominated Adviser and Broker) |
| Tim Mickley +44 (0) 20 7523 8000 |
| More information about CAP-XX is available at www.cap-xx.com |
| More information about Murata is available at www.murata.com |
Notes to Editors:
CAP-XX is a world leader in the design and manufacture of thin-form supercapacitors and power management systems, predominantly for portable electronic devices.
The unique feature of CAP-XX's supercapacitors is their ability to store high volumes of energy and output high power levels within a thin-form design. These attributes will be critical for the next generation of high volume, power-hungry portable electronic devices, including mobile phones.
Portable devices are one of the fastest growing segments of the electronics market and provide the greatest opportunities for CAP-XX's products. CAP-XX's products are already an established enabling technology for the current generation of wireless devices.
About Murata Manufacturing Co. Ltd.
Murata Manufacturing Co. Ltd. has been widely recognised as one of the world leading companies for electronic components. Murata is engaged in product development, manufacture and sale of electronic components for worldwide use. Major product groups are ceramic capacitors, piezo electric components, microwave devices and module products. Those are sold mainly to electronics companies in various fields such as telecommunication, computer, audio and automotive.