Receipt of royalty payment and trading update

RNS Number : 0824J

CAP-XX Limited

27 June 2011

 



27 June 2011

 

CAP-XX Limited

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

Receipt of royalty payment and trading update

CAP-XX Limited (AIM:CAPX.L) is pleased to announce that Murata have made its first royalty payment of AUD $6,141.65, to CAP-XX, for the sale of supercapacitors by Murata using the CAP-XX technology.

In addition CAP-XX is pleased to advise that it expects revenue from the sale of CAP-XX branded products for the 12 months to 30^th June 2011 to be approximately AUD $3.1m.

This represents an increase of 40% over the AUD $2.2m in CAP-XX branded product sales recorded for the previous 12 months.

For further information, please contact

CAP-XX Limited Anthony Kongats, Chief Executive Officer	[phone]
Seymour Pierce Ltd (Nominated Adviser and Broker) Nandita Sahgal/Catherine Leftley (Corporate Finance) David Banks/Paul Jewell (Corporate Broking)	[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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