Business
Grant award and receipt of tax credit
Grant award and receipt of tax credit.
About this update from Cap-xx Limited
[{"type":"text","content":"\n \nRNS Number : 1832U CAP-XX Limited 19 December 2011 \n \n\n \n \n \n19 December 2011\n \nCAP-XX Limited\n \nCommercialisation grant award and receipt of tax credit\n \nCAP-XX is pleased to announce that following the recent conclusion of its technical collaboration agreement with Murata, for the development of surface mounted devices (SMDs), it has been awarded a A$250K grant from Commercialisation Australia to assist with the licensing of this SMD supercapacitor technology globally. Commercialisation Australia is a government initiative assisting researchers, entrepreneurs and innovative companies to convert ideas into successful commercial ventures. \n\nCAP-XX's SMD supercapacitor represents a step-change in technology and is a world first, which greatly expands the potential market for small supercapacitors, being particularly suited for high volume mobile telephone handset applications. \n \nAdditionally the Group has received a payment of A$694K from the Australian Tax Office under its R&D tax credit scheme.\n \nFor further information, please contact\n \n\n\n\n\nCAP-XX Limited\nAnthony Kongats, Chief Executive Officer\n \n\n\n+61 (0) 2 9428 0139\n\n\n\n\nSeymour Pierce Ltd (Nominated Adviser and Broker)\nDavid Banks, Nandita Sahgal \n \n\n\n+44 (0) 20 7107 8000\n \n\n\n\n\nKreab Gavin Anderson & Company (Financial PR)\nRobert Speed, Deborah Walter, Anthony Hughes\n \n\n\n+44 (0) 20 7074 1800\n\n\n\n\n \nNotes to Editors:\n \nCAP-XX is a world leader in the design and manufacture of thin form supercapacitors and energy 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 and portab...