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About this update from Cap-xx Limited
[{"type":"text","content":"\n RNS Number : 5376X CAP-XX Limited 26 June 2008 \n \n26 June 2008\n\nCAP-XX receives first tranche payment under Licence Agreement\n\nFollowing the announcement of a formal contract with Murata Manufacturing Corporation of Japan (Murata), CAP-XX is pleased to announce that it is has completed the first stage of the licence agreement with Murata and received the initial payment under the terms of the licence agreement to jointly develop and supply high performance supercapacitors for mobile handsets and other peak power-hungry, space-constrained portable applications. \n\nUnder the terms of the licence CAP-XX will receive a further three stage payments over the next nine months which will enable the Group to have sufficient working capital to satisfy its requirements for the foreseeable future.\n\n\nFor further information contact:\n\n\n\n\n\nCAP-XX\nAnthony Kongats, CEO / Mike Taylor CFO\n\n\n\n+61 (0)2 9428 0139\n\n\n\n\n\nGavin Anderson & Company (Financial PR)\nRobert Speed / Deborah Walter / Stuart Macaulay\n\n\n\n+44 (0) 20 7554 1400\n\n\n\n\n\nCollins Stewart Limited (Nominated Adviser and Broker)\nTim Mickley\n\n\n\n+44 (0) 20 7523 8000\n\n\n\n\n\n \n\nMore information about CAP-XX is available at www.cap-xx.com\n\nMore information about Murata is available at www.murata.com\n\n\nNotes to Editors:\n\nCAP-XX is a world leader in the design and manufacture of thin-form supercapacitors and power management systems, predominantly for portable electronic devices.\n\nThe 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. \n\nPortable 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.\n\nAbout Murata Manufacturing Co. Ltd.\n\nMurata 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...