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
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.