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CAP-XX clinches new orders

By BFN News | 07:29 AM | Wednesday 22 June, 2016


CAP-XX, a world leader in supercapacitors, 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. CAP-XX says good progress has been made on its 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. Story provided by StockMarketWire.com

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