First Tranche Payment

RNS Number : 5376X

CAP-XX Limited

26 June 2008

 



26 June 2008

CAP-XX receives first tranche payment under Licence Agreement

Following 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.  

Under 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.

For further information contact:

CAP-XX Anthony Kongats, CEO / Mike Taylor CFO	[phone]
Gavin Anderson & Company (Financial PR) Robert Speed / Deborah Walter / Stuart Macaulay	[phone]
Collins Stewart Limited (Nominated Adviser and Broker) Tim Mickley	[phone]

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 power 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. 

 

END

 

 

AGRZELFLVQBLBBB