CAP-XX Limited First high-volume order for Thinline (0057O)
August 15 2017 - 2:00AM
UK Regulatory
TIDMCPX
RNS Number : 0057O
CAP-XX Limited
15 August 2017
Prior to publication, the information contained within this
announcement was deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 ("MAR"). With the publication of this announcement,
this information is now considered to be in the public domain.
15 August 2017
CAP-XX Limited
("CAP-XX" or the "Company")
First high-volume order for Thinline supercapacitors
CAP-XX, a world leader in supercapacitors, is pleased to
announce that it has received its first large order for mass
produced Thinline supercapacitors.
The order, received from a US customer, is the first high-volume
order received by the Company for an 'Internet of Things' (IoT)
wearable technology consumer device for the fitness and health
markets and represents CAP-XX's single largest order for Thinline.
The customer will distribute the product to large OEM manufacturers
in addition to performing direct sales.
The initial US$0.4m order is for delivery of units commencing in
late 2017 and continuing into early 2018. Mass production by the
customer of its product is scheduled to commence in November 2017,
with the first sales to consumers targeted for early 2018. The
directors of CAP-XX anticipate securing a follow-on order for in
excess of US$1.0m in the first half of 2018.
CAP-XX has numerous other parties evaluating the CAP-XX Thinline
supercapacitors for a variety of IoT wearable technology
applications and further design wins and high volume orders are
expected in due course.
Anthony Kongats, CEO of CAP-XX, commented:
"We are delighted to have secured our first high-volume order
for Thinline supercapacitors for an IoT application. Additionally,
we remain confident that our partnerships with Murata and AVX will
provide significant additional momentum to the adoption of CAP-XX
supercapacitors in numerous very high volume applications across
the globe."
For further information, please contact:
CAP-XX Limited
Anthony Kongats (Chief Executive +61 (0) 2 9428
Officer) 0139
Allenby Capital Limited (Nominated
Adviser and Broker)
+44 (0) 20 3328
David Hart / Alex Brearley 5656
Kreab (Financial PR)
+44 (0) 20 7074
Robert Speed 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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