CAP-XX Regulatory News (CPX)

22 Jun 2006 07:00

CAP-XX Limited22 June 2006 22 June 2006 CAP-XX Limited Pre-close Trading Update CAP-XX, a global leader in the development and production of supercapacitors andpower architectures for the mobile devices market, is pleased to announce thatsince admission to AIM on 13 April 2006, trading has remained buoyant. Fourthquarter revenues are up 40 per cent on quarter three, driven primarily by demandfrom manufacturers of wireless data cards. The Company continues to win newcontracts and remains comfortable with market forecasts. CAP-XX intends to announce its maiden preliminary results for the year to 30June 2006 on 18 September 2006. The Board is also pleased to announce the appointment to the CAP-XX ScientificAdvisory Board of Dr Yrjo Neuvo, former Chief Technology Officer at Nokia, andcurrent Nokia Technical Advisor. Anthony Kongats, CEO of CAP-XX, commented: "We are very pleased with the performance of the Company since float and havemade substantive progress in advancing with our relationships with mobile phonehandset manufacturers. We are obviously delighted to welcome Dr Yrjo Neuvo toour Scientific Advisory Board. As we enter our new financial year, we lookforward to the future with confidence". For further information contact: CAP-XXAnthony Kongats, Chief Executive Officer +61 (0)2 9428 0139 Gavin Anderson & Company (Financial PR)Robert Speed/Deborah Walter/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 Notes to Editors: Professor Neuvo Professor Neuvo received his doctoral degree in Electrical Engineering fromCornell University. He had a significant academic career as professor in Finlandand the USA prior to joining Nokia in 1993. Since 1993 he has been a member ofthe Nokia Group Executive Board, and has held the positions of Senior VicePresident, Technology (1993-1994), Senior Vice President, Product Creation(1994-1999), Executive Vice President, CTO (1999-2003) and Senior Vice President(2003-2005) at Nokia. Dr Neuvo is currently Technology Advisor. Over the years he has authoured over 400 technical articles and is holder ofseveral patents. He has been chairperson and member of several internationalresearch policy-related committees and working groups. For his scientificcontributions he has been awarded recognitions from a number of internationalbodies, including Fellow of IEEE, Academia Europaea, the Royal Swedish Academyof Technical Sciences. He also holds two honorary doctorates. CAP-XX 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 store highvolumes of energy and output high power levels within a thin form design. Theseattributes will be critical for the next generation of high volume, power-hungryportable electronic devices, including mobile phones. Portable devices are one of the fastest growing segments of the electronicsmarket and provide the greatest opportunities for CAP-XX's products. CAP-XX'sproducts are already an established enabling technology for the currentgeneration of wireless devices, such as PDAs and PCMCIA cards. This information is provided by RNS The company news service from the London Stock Exchange