Trading Update & Notice of Re

RNS Number : 0953T

CAP-XX Limited

22 September 2010

 



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

Preliminary Trading Update & Notice of Results

CAP-XX is pleased to announce that the final results for the year ended 30 June 2010 will be published on 8^th October, 2010

The total revenue for the year ended 30 June 2010 will be A$5.9 million comprised of product sales of A$2.2m and sales of services of A$3.6m. The total revenue reported does not include any of the payments from Nationgate for the sale of Plant and Machinery. The anticipated A$1.5 million profit from the one off gain from the sale of this plant was delayed and the final payment was received after the close of the financial year. This did not delay production with Nationgate commissioning their line and producing product from early in the calendar year.

The Company is pleased to note that the order book for the current financial year has increased strongly over the corresponding period last year due to increasing customer confidence in the global economy and the commencement of new market opportunities such as solid state devices.

For further information contact:

CAP-XX

Anthony Kongats, Chief Executive Officer                             [phone]

Seymour Pierce (Nominated Adviser and Broker)

Nandita Sahgal/Catherine Leftley                                             [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 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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