New customer orders: Automotive evaluation units

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 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. 

 

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