Grant award and receipt of tax credit

RNS Number : 1832U

CAP-XX Limited

19 December 2011

 



19 December 2011

 

CAP-XX Limited

Commercialisation grant award and receipt of tax credit

CAP-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. 

CAP-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.  

Additionally the Group has received a payment of A$694K from the Australian Tax Office under its R&D tax credit scheme.

For further information, please contact

CAP-XX Limited Anthony Kongats, Chief Executive Officer	[phone]
Seymour Pierce Ltd (Nominated Adviser and Broker) David Banks, Nandita Sahgal	[phone]
Kreab Gavin Anderson & Company (Financial PR) Robert Speed, Deborah Walter, Anthony Hughes	[phone]

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 and portable devices. 

 

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