Trading Statement

RNS Number : 0055A

CAP-XX Limited

25 January 2011

 



CAP-XX Limited

Trading Update & Notice of Results

CAP-XX is pleased to announce that results for the half year ended 31 December 2010 are expected to be published on 14 February, 2011.

The total revenue for the half year ended 31 December 2010 was A$1.6million.  The total operating result has been improved as a result of the finalisation of the sale of Plant & Machinery to Nationgate, a Malaysian contract manufacturing partner, reported at the year end. The gain from this sale will be realised over the next three years. At 31 December, 2010 the Group had a net cash balance of A$3.0million. 

The order book continues to grow and Murata have advised that they issued their first substantive invoices in the beginning of January. Supply from Nationgate continues to exceed expectations, while the ongoing ownership issue at PTA has continued to impact supply.  The outcome for the second half year is expected to reflect an improvement in product sales revenue over the first half, as production capacity in Malaysia increases.

 For further information contact:

CAP-XX

Anthony Kongats, Chief Executive Officer                               [phone]

Seymour Pierce (Nominated Adviser and Broker)

Nandita Sahgal/Catherine Leftley                                               [phone]

Kreab Gavin Anderson                                                                     [phone]

Robert Speed

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 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.

 

END

 

 

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