CAP-XX Limited New customer orders: Automotive evaluation units (8848B)
22 June 2016 - 4:00PM
UK Regulatory
TIDMCPX
RNS Number : 8848B
CAP-XX Limited
22 June 2016
22 June 2016
CAP-XX Limited
("CAP-XX" or the "Company")
New customer orders for automotive evaluation units
CAP-XX, a world leader in supercapacitors, is pleased to
announce that it has secured new orders for its supercapacitor
solutions for both passenger vehicle and heavy vehicle automotive
applications.
Three new orders for evaluation units of large supercapacitor
systems have been received. The customers comprise a North American
vehicle manufacturer, an Asian Tier-1 OEM and an Asian
distributor/OEM. The Company is also in advanced negotiations with
additional North American and Asian OEMs for the supply of
evaluation units and the licensing of its technology.
Good progress has been made on CAP-XX's programme with the
Global Tier-1 automotive components company under its extended
memorandum of understanding. Test results for CAP-XX's Generation 2
modules are excellent and the remainder of the evaluation units are
due to be delivered to the Global Tier-1 automotive components
company by the end of June 2016.
CAP-XX's Chief Executive, Anthony Kongats, said:
"The broadening of the international customer base for our
automotive supercapacitors firmly demonstrates the potential
applications for energy capture and storage to support traditional
batteries. We continue to receive new enquiries for an increasingly
wide range of applications and look forward to securing additional
contracts."
For further information, please contact:
CAP-XX Limited
Anthony Kongats (Chief Executive +61 (0) 2 9428
Officer) 0139
Allenby Capital Limited (Nominated
Adviser and Broker)
+44 (0) 20 3328
David Hart / Alex Brearley 5656
Kreab (Financial PR)
+44 (0) 20 7074
Robert Speed 1800
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.
This information is provided by RNS
The company news service from the London Stock Exchange
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