Business
First high-volume order for Thinline
First high-volume order for Thinline.
About this update from Cap-xx Limited
[{"type":"text","content":"\n \nRNS Number : 0057O CAP-XX Limited 15 August 2017 \n\nPrior 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.\n \n \n15 August 2017\n \nCAP-XX Limited\n \n(\"CAP-XX\" or the \"Company\")\n \nFirst high-volume order for Thinline supercapacitors\n \n \nCAP-XX, a world leader in supercapacitors, is pleased to announce that it has received its first large order for mass produced Thinline supercapacitors.\n \nThe 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.\n \nThe 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.\n \nCAP-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. \n \nAnthony Kongats, CEO of CAP-XX, commented:\n \n\"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.\"\n \n \nFor further information, please contact:\n\n\n\n\nCAP-XX Limited\n\n\n \n\n\n\n\nAnthony Kongats (Chief Executive Officer)\n\n\n+61 (0) 2 9428 0139\n\n\n\n\n \n\n\n \n\n\n\n\nAllenby Capital Limited (Nominated Adviser and Broker...