New Technical Collaboration A

RNS Number : 2818I

CAP-XX Limited

09 March 2010

 



9 March 2010

CAP-XX Limited

New Technical Collaboration with Murata

CAP-XX is pleased to announce that it has extended its technical collaboration for developing supercapacitors with Murata. The new contract signed on the 5th March 2010 will now cover surface mounted devices (SMDs) which can be mounted directly onto PCBs using reflow solder techniques. These supercapacitors are particularly suitable for high volume applications. CAP-XX will receive consideration of A$1.43m payable in four equal instalments over the next thirteen months.

Anthony Kongats, CEO of CAP-XX, commented:

 "This agreement represents a further critical step towards extending sales into the leading mobile handset makers.  Murata is a leading supplier to the industry and this agreement will facilitate adoption of our supercapacitor technology for mass market handsets."

For further information contact:

CAP-XX
Anthony Kongats, Chief Executive Officer	[phone]
Kreab Gavin Anderson (Financial PR)
Robert Speed / Anthony Hughes	[phone]
Seymour Pierce (Nominated Adviser and Broker)
Nandita Sahgal	[phone]

More information about CAP-XX is available at www.cap-xx.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 space constrained 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 space constrained electronic devices, including mobile phones and solid state drives.

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.

 

 

END

 

 

MSCSSWSMUFSSELD