Business
Company Update
Company Update.
About this update from Cap-xx Limited
[{"type":"text","content":"\n \nRNS Number : 9431W CAP-XX Limited 06 January 2014 \n \n\nCAP - XX Limited\n(\"CAP - XX\" or the \"Company\")\n \nCAP-XX releases prototype SMD supercapacitor for licencing evaluation \n \nThe 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. \nThe 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. \nMeanwhile, the Company is experiencing increasing interest from the US and India for its automotive supercapacitors and is in discussions on licensing.\nCAP-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. \n \nAnthony Kongats, CAP-XX Chief Executive said:\n\"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.\n \nFor further information, please contact:\n\n\n\n\nCAP-XX Limited\n \nAnthony Kongats (Chief Executive Officer)\n\n\n \n+61 (0) 2 9428 0139\n\n\n\n\nCenkos Securities\nStephen Keys/Camilla Hume (Corporate Finance)\n\n\n \n+44 (0) 20 7397 1949\n \n\n\n\n\nKreab Gavin Anderson & Company \nRobert Speed (Financial PR)\n \n\n\n \n+44 (0) 20 7074 1800\n\n\n\n\n \n \nNotes to editors\n \nAbout CAP-XX\nCAP-XX (LSE:CPX) is a world leader in the design and manufacture of ...