Business
New customer orders: Automotive evaluation units
New customer orders: Automotive evaluation units.
About this update from Cap-xx Limited
[{"type":"text","content":"\n \nRNS Number : 8848B CAP-XX Limited 22 June 2016 \n\n22 June 2016\n \nCAP-XX Limited \n(\"CAP-XX\" or the \"Company\")\n \nNew customer orders for automotive evaluation units\n \nCAP-XX, a world leader in supercapacitors, is pleased to announce that it has secured new orders for its supercapacitor solutions for both passenger vehicle and heavy vehicle automotive applications.\n \nThree new orders for evaluation units of large supercapacitor systems have been received. The customers comprise a North American vehicle manufacturer, an Asian Tier-1 OEM and an Asian distributor/OEM. The Company is also in advanced negotiations with additional North American and Asian OEMs for the supply of evaluation units and the licensing of its technology.\n \nGood progress has been made on CAP-XX's programme with the Global Tier-1 automotive components company under its extended memorandum of understanding. Test results for CAP-XX's Generation 2 modules are excellent and the remainder of the evaluation units are due to be delivered to the Global Tier-1 automotive components company by the end of June 2016. \n \nCAP-XX's Chief Executive, Anthony Kongats, said:\n\"The broadening of the international customer base for our automotive supercapacitors firmly demonstrates the potential applications for energy capture and storage to support traditional batteries. We continue to receive new enquiries for an increasingly wide range of applications and look forward to securing additional contracts.\"\n \n \nFor further information, please contact:\n \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)\n\n\n\n\n\n\n\nDavid Hart / Alex Brearley\n\n\n+44 (0) 20 3328 5656\n\n\n\n\n\n\n\n\n\n\n\n\nKreab (Financial PR) \n\n\n\n\n\n\n\nRobert Speed \n \n\n\n+44 (0) 20 7074 1800\n\n\n\n\n \n \nNotes to editors\nAbout CAP-XX\nCAP-XX (LSE:CPX) is a world leader in the design and manufacture of thin, flat supercapacitors and energy management systems used in portable and small-scale electronic devices, and to an increasing extent, in larger applications such as automotive and renewable energy. The unique feature of CAP-XX su...