CAP-XX Limited
26 March 2008
26th March 2008
CAP-XX Limited
LOI agreed with Murata Manufacturing Co. Ltd.
CAP-XX is pleased to announce that it has signed a letter of intent (LOI) with
Murata Manufacturing Corporation of Japan (Murata). Murata is a leading global
company, specializing in the development, manufacture and supply of electronic
components for a broad spectrum of industries, including the mobile hand-set
industry.
CAP-XX and Murata will establish a comprehensive partnership to provide high
performance supercapacitors to the mobile hand-set industry and for other
applications. In this partnership, Murata will focus on mass production, sales &
marketing. In parallel CAP-XX and Murata will jointly develop next generation
products with CAP-XX leading the material development.
The partnership will enable CAP-XX to meet customers' requirements such as
quality, volume and product specifications. Under the terms of the licence,
CAP-XX will receive licence fees and a royalty based on the volume of sales of
supercapacitors.
Anthony Kongats, CEO of CAP-XX, commented:
'This partnership with Murata is a critical step for CAP-XX, as Murata is able
to support us in many fields of the business value chain such as mass
production, sales & marketing and new product development.'
For further information contact:
CAP-XX
Anthony Kongats, Chief Executive Officer +61 (0)2 9428 0139
Gavin Anderson & Company (Financial PR)
Robert Speed / Deborah Walter / Stuart Macaulay +44 (0) 20 7554 1400
Collins Stewart Limited (Nominated Adviser and Broker)
Tim Mickley +44 (0) 20 7523 8000
More information about CAP-XX is available at www.cap-xx.com
More information about Murata is available at www.murata.com
Notes to Editors:
CAP-XX is a world leader in the design and manufacture of thin form
supercapacitors and energy management systems, predominantly for portable
electronic devices.
The 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.
Portable 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.
About Murata Manufacturing Co. Ltd.
Murata 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 sale of electronic components for worldwide use.
Major product groups are ceramic capacitors, piezo electric components,
microwave devices and module products. Those are sold mainly to electronics
companies in various fields such as telecommunication, computer, audio and
automotive.
This information is provided by RNS
The company news service from the London Stock Exchange