CAP-XX secures order under automotive MoU

RNS Number : 7305O

CAP-XX Limited

01 June 2015

 



CAP-XX secures follow-on order under automotive MoU

CAP-XX, a world leader in supercapacitors is pleased to announce that, following delivery of the first test and evaluation samples of its automotive supercapacitor units under its MoU with a Global Tier -1 auto components company, test results under the programme to date have been very encouraging.  The customer has placed orders for additional evaluation units which CAP-XX will manufacture at its Lane Cove facility in Australia for delivery to the customer in Q3 2015.  

The company is also encouraged by initial industry feedback on its recently launched range of Thinline supercapacitors.

Commenting on the launch, CAP-XX  Chief Executive, Anthony Kongats, said

"We are delighted to have received a follow-on order for automotive supercapacitors under our Tier-1 MoU and are very encouraged by initial feedback from our customer."

For further information, please contact:

CAP-XX Limited
Anthony Kongats (Chief Executive Officer)	[phone]
Allenby Capital Limited (Nominated Adviser and Broker)
David Hart / Alex Brearley	[phone]
Kreab (Financial PR)
Robert Speed	[phone]

Notes to editors

About CAP-XX

CAP-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 supercapacitors is their very high power density and high energy storage capacity in a space-efficient prismatic package. These attributes are essential in power-hungry consumer and industrial electronics, and deliver similar benefits in automotive and other transportation applications. For more information about CAP-XX, visit www.cap-xx.com. 

 

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