CAP-XX Limited
22 June 2006
22 June 2006
CAP-XX Limited
Pre-close Trading Update
CAP-XX, a global leader in the development and production of supercapacitors and
power architectures for the mobile devices market, is pleased to announce that
since admission to AIM on 13 April 2006, trading has remained buoyant. Fourth
quarter revenues are up 40 per cent on quarter three, driven primarily by demand
from manufacturers of wireless data cards. The Company continues to win new
contracts and remains comfortable with market forecasts.
CAP-XX intends to announce its maiden preliminary results for the year to 30
June 2006 on 18 September 2006.
The Board is also pleased to announce the appointment to the CAP-XX Scientific
Advisory Board of Dr Yrjo Neuvo, former Chief Technology Officer at Nokia, and
current Nokia Technical Advisor.
Anthony Kongats, CEO of CAP-XX, commented:
'We are very pleased with the performance of the Company since float and have
made substantive progress in advancing with our relationships with mobile phone
handset manufacturers. We are obviously delighted to welcome Dr Yrjo Neuvo to
our Scientific Advisory Board. As we enter our new financial year, we look
forward to the future with confidence'.
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/Keith Brookbank +44 (0)20 7554 1400
Collins Stewart Limited (Nominated Adviser and Broker)
Stephen Keys +44 (0)20 7523 8312
More information is available at www.cap-xx.com
Notes to Editors:
Professor Neuvo
Professor Neuvo received his doctoral degree in Electrical Engineering from
Cornell University. He had a significant academic career as professor in Finland
and the USA prior to joining Nokia in 1993. Since 1993 he has been a member of
the Nokia Group Executive Board, and has held the positions of Senior Vice
President, Technology (1993-1994), Senior Vice President, Product Creation
(1994-1999), Executive Vice President, CTO (1999-2003) and Senior Vice President
(2003-2005) at Nokia. Dr Neuvo is currently Technology Advisor.
Over the years he has authoured over 400 technical articles and is holder of
several patents. He has been chairperson and member of several international
research policy-related committees and working groups. For his scientific
contributions he has been awarded recognitions from a number of international
bodies, including Fellow of IEEE, Academia Europaea, the Royal Swedish Academy
of Technical Sciences. He also holds two honorary doctorates.
CAP-XX
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, such as PDAs and PCMCIA cards.
This information is provided by RNS
The company news service from the London Stock Exchange
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