CAP-XX Secures follow-on Order under Automotive MoU

CAP-XX, a world leader in supercapacitors, is pleased to announce that following delivery of the first test and evaluation samples of its automotive supercapacitor units under its MoU with a Global Tier-1 auto components company, test results under the program to date have been very encouraging.

Based on these tests, the customer has placed orders for additional units, which CAP-XX will manufacture at its Lane Cove facility in Australia for delivery to the customer in Q3 2015.

The company is also encouraged by initial industry feedback on its recently launched range of Thinline supercapacitors.

Commenting on the automotive MoU, CAP-XX Chief Executive, Anthony Kongats, said “We are delighted to have received a follow-on order for automotive supercapacitors under our Tier-1 MoU and are very encouraged by initial feedback from our customer.”