Product launch by Murata

RNS Number : 5407C

CAP-XX Limited

29 June 2016

 

29 June 2016

CAP-XX Limited

("CAP-XX" or the "Company")

Product launch by Murata

Murata launches new battery product under widened licence

CAP-XX, a world leader in supercapacitors, is pleased to announce that following the extension of the scope of its licence agreement with Murata to include battery markets, announced  in April 2016, Murata has launched a thin laminate energy device for wearable devices utilising CAP-XX' s technology.

At Murata's request, CAP-XX agreed to extend the scope of the licence to enable Murata to manufacture and sell lithium ion batteries using CAP-XX's international patents.  Murata has subsequently announced the development and commercial launch of the UMAL, a low-profile, large-capacity, laminate-type energy device which incorporates CAP-XX intellectual property into a lithium ion battery.  This is the first product launched under its new licence agreement with CAP-XX for applications in the development of lithium ion battery technology.

The device has been launched by Murata in order to address "market demand for a thinner, larger-capacity device" than its existing product, the UMAC which was launched in 2015, prior to the CAP-XX licence.   

Murata has confirmed that mass production of the new device commenced in June 2016 and that it plans to continue to expand its product line-up to meet future demand for larger capacity devices. CAP-XX continues to seek additional licensing opportunities for its patents and intellectual property in the fields of supercapacitors, Li-ion batteries and other energy storage applications.

CAP-XX additionally announces that royalty receipts from Murata under its supercapacitor licence agreement for the year to March 2016 were 275% ahead of the prior year. The Murata license extension highlights the broad scope of the CAP-XX patent portfolio in many different energy storage applications and is anticipated to generate a material uplift in licensing revenue in the coming years. The global lithium ion battery market, which was US$12b in 2012, is expected to exceed US$33b by 2019.

CAP-XX's Chief Executive, Anthony Kongats, said:

"We are delighted to announce the commencement of production under the extension of CAP-XX's licence agreement with Murata, which materially increases the breadth of applications for our family of patents into the already large and rapidly developing battery markets."

For further information, please contact:

CAP-XX Limited
Anthony Kongats (Chief Executive Officer)	[phone]
Allenby Capital Limited (Nominated Adviser and Broker)
David Hart / Alex Brearley	[phone]
Kreab (Financial PR)
Robert Speed	[phone]

Notes to editors

About CAP-XX

CAP-XX (LSE:CPX) is a world leader in the design and manufacture of thin, flat supercapacitors and energy management systems used in portable and small-scale electronic devices, and to an increasing extent, in larger applications such as automotive and renewable energy. The unique feature of CAP-XX supercapacitors is their very high power density and high energy storage capacity in a space-efficient prismatic package. These attributes are essential in power-hungry consumer and industrial electronics, and deliver similar benefits in automotive and other transportation applications. For more information about CAP-XX, visit www.cap-xx.com. 

About Murata

Murata Manufacturing Co., Ltd. is a worldwide leader in the design, manufacture and sale of ceramic-based passive electronic components & solutions, communication modules and power supply modules. Murata is committed to the development of advanced electronic materials and leading edge, multi-functional, high-density modules. The company has employees and manufacturing facilities throughout the world. For more information, visit Murata's website at www.murata.com

 

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