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(CPX.L) CAP-XX Ltd Buy/Sell
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| Date/Time | Headline | Source |
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| 09-11-09 | RNS |
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RNS Number : 2023C CAP-XX Limited 09 November 2009 CAP-XX (or "the Company") AGM Result CAP-XX is pleased to announce that at the Annual General Meeting of the Company held today, all resolutions were duly passed. For further information contact:
CAP-XX
Seymour Pierce (Nominated Adviser and Broker)
More information about CAP-XX is available at www.cap-xx.com This information is provided by RNS The company news service from the London Stock Exchange END
RAGILFVFLTLAIIA More |
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| 27-10-09 | RNS |
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RNS Number : 4217B CAP-XX Limited 27 October 2009 27 October 09 CAP-XX Limited ("CAP-XX" or "the Company") Director's Dealing CAP-XX Limited (AIM:CPX) announces that on the 22nd October, 2009, the Company received notification, that, on 21st October 2009, Technology Venture Partners (TVP), of which John Murray is a director, sold 2,000,000 CPX shares at a price of 24 pence per share. The shares were sold from TVP managed funds, which were CAP-XX pre-IPO investors. Following the sale, Mr Murray, owns or has a beneficial interest in 2,535,238 ordinary shares which equates to 4.1% of the Company's issued share capital. For further information contact:
CAP-XX
Kreab Gavin Anderson (Financial PR)
SeymourPierce (Nominated Adviser and Broker)
More information about CAP-XX is available at www.cap-xx.com This information is provided by RNS The company news service from the London Stock Exchange END
RDSMRBLTMMATMJL More |
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| 15-10-09 | RNS |
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RNS Number : 7435A CAP-XX Limited 15 October 2009 CAP-XX Limited ("CAP-XX" or "the Company") Notice of AGM and Posting of Report & Accounts CAP-XX Limited announces that its Annual General Meeting for the year ended 30 June 2009 will be held on 9 November 2009 at 7.00 p.m. (AEDT) at Unit 9 & 10, 12 Mars Road, Land Cove NSW 2066, Australia. Shareholders may listen to the Annual General Meeting by phoning +61 3 8643 1430 and when prompted keying in account number 72207679 followed by guest pin 1931¿. An opportunity will also be given also to those shareholders to ask questions. The time of the Annual General Meeting equates with 8.00 a.m. (GMT) on 9 November 2009. The Report & Accounts for the year ended 30 June 2009 and Notice of AGM have been posted to shareholders and are available on the Company's website www.cap-xx.com. For further information contact: CAP-XX
Kreab Gavin Anderson (Financial PR)
Seymour Pierce (Nominated Adviser and Broker)
This information is provided by RNS The company news service from the London Stock Exchange END
NOAMIBPTMMJBMBL More |
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| 05-10-09 | RNS |
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This news article is displayed preformatted as it may contain results tables
RNS Number : 1869A
CAP-XX Limited
05 October 2009
5 October 2009
CAP-XX Limited
Audited Results for the year ended 30 June 2009
* Net Loss for the year ended June 2009 is an A$8.5m improvement from the previous year. The reported Loss for 2009/08 is A$3.1m compared to A$11.6m in 2007/08. This was principally due to the Murata contribution and the overall reduction in operating expenditure.
* Revenue was up for the year from A$5.1m in 2008 to A$7.8m in 2009
* Cash balance at the end of the June 2009 year was A$4.0 million.
* Successfully completed a £1.6m capital raising in June 2009.
* Murata relationship on track to meet targeted production of supercapacitor product in Q4'09
* Nationgate, a Malaysian based contract manufacturer, announced as additional contract manufacturer for CAP-XX in July 2009.
* Development of the next generation SMD supercapacitor progressing well following completion of feasibility studies with Murata.
Anthony Kongats, CEO of CAP-XX said:
"With Murata and Nationgate contract manufacturing agreements in place, CAP-XX's long term manufacturing strategy is complete. Murata remain on schedule to produce the first products from its new supercapacitor manufacturing line by the end of this calendar year. Meanwhile we continue to broaden our business by developing new markets such as SSDs, Energy Harvesting and Location Tracking devices. Our recent successes in securing design wins, and increase in order activity, give us confidence for the future. Our major short term focus remains to ensure a successful Q4 commissioning of the Murata production line and the commencement of volume manufacture."
For further information contact:
CAP-XX
Anthony Kongats, Chief Executive Officer +61 (0) 2 9428 0139
Kreab Gavin Anderson & Company (Financial PR)
Robert Speed / Deborah Walter/ Anthony Hughes +44 (0) 20 7074 1800
Seymour Pierce Ltd (Nominated Adviser and Broker)
Nandita Sahgal +44 (0) 20 7107 8000
More information 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 current generation wireless devices.
Chairman's statement
The financial year ending 30th June, 2009 was a period of satisfying progress as
CAP-XX focussed on the major strategic issues which will lead the Company toward
profitability. The Company reduced its loss from $11.6m in 2008 to $3.1m in 2009.
The Company made material strides in production capacity, new business opportunities,
balance sheet strength and development of the relationship with Murata Manufacturing
Company. As the new financial year commences, the company is well placed and looking
forward to the challenges that lie ahead.
The relationship with Murata has continued to grow. Murata has advised that it is on
schedule to produce the first products from its new supercapacitor manufacturing line
by the end of this calendar year. As highlighted when the Murata agreement was made
public, Murata has assumed the lead in the sales and market development for the mobile
phone segment and remain on track to commence volume production for shipment to
handset customers within 6 month
Business review
About CAP-XX Limited
CAP-XX Limited is a world leader in the design and manufacture of revolutionary
thin-form supercapacitors predominately for use in small portable electronic
devices. Supercapacitors can considerably extend battery run-times and provide
power-hungry functions that are not possible with current battery technology.
CAP-XX supercapacitors have a compact thin-form design and can store higher volumes
of energy and output higher power levels than competing supercapacitor products.
These attributes are critical for current and future generation electronic devices,
such as mobile phone cameras with a quality flash photography capability and high
quality audio capabilities. Other potential applications include mobile phone and
solid state disk (SSD) power management, mobile phone accessories, digital still
cameras, MP3 players, portable drug delivery systems, wireless sensors,
uninterrupted power supplies, plant condition monitors, toll tags and location
tracking devices. Longer term as the market for fuel cell sy
Historical Milestones
In 1994, a company associated with Anthony Kongats, now Chief Executive Officer of
CAP-XX Limited, entered into an agreement with CSIRO (the Australian Commonwealth
Scienti*c and Industrial Research Organisation) to research and commercialise
supercapacitor technology that had resulted from CSIRO research.
CAP-XX Limited (formerly known as Energy Storage Systems Pty Limited) was
established in 1997 by Anthony Kongats as the vehicle to hold the intellectual
property resulting from the partnership with CSIRO. CAP-XX received research and
development grants from the Australian Government and was backed by some of the
world's leading technology investors, including Intel, Acer, ABN Amro and Walden,
and well supported by Australian based venture capitalists Innovation Capital and
Technology Venture Partners.
In 1999, the Company built a pilot production plant in Lane Cove, Sydney, Australia,
and progressively improved production capacity. It began shipping supercapacitor
products to
Review of Operations and Activities
More than 6 million units have been sold since 2003. In the past 12 months CAP-XX
has established a new revenue stream with the commencement of license fees and other
related payments from Murata. These will increase as the anticipated royalty stream
from Murata commences in the current financial year. Revenue for the 12 months to 30
June 2009, increased by AUD$2.7 million to AUD$7.8 million compared to AUD$5.1
million in 2008. Unit sales of 0.6 million were down from the previous year (2008:
Sales Units 1.43m) due to the worldwide drop in business confidence with the global
electronics market being one of key markets hit the hardest. As highlighted earlier,
the total revenue for 2008/09 includes contributions from Murata for Technology
Transfer payments and the R&D Feasibility Study. The operating loss for the twelve
months to 30 June 2009, was AUD$3.1 million (2008: loss of AUD$11.6 million). The
major variances were an overall reduction in the headcount and operational expenses;
the Murata contribution
Business Environment
Portable electronic devices, one of the fastest growing segments of the electronics
market, provide the greatest opportunities for CAP-XX's products. Driven by customer
requests, manufacturers are constantly adding to the functions and applications
available on these devices. This means that power management continues to be an
increasingly important consideration. The other important factor is size. The
devices are becoming smaller as their capabilities are increasing.
CAP-XX technology provides a competitive advantage over other supercapacitor
manufacturers, such as AVX, Maxwell Technologies and NEC/Tokin Corporation. Other
manufacturers are unable to match the CAP-XX technology for thinness, energy density
and power density. Many competitors manufacture higher-capacity, large package
devices and focus on applications where the combination of thinness, energy density
and power density is not an issue.
Opportunities
An opportunity in the Solid State Disks (SSD) market was identified last year. As a
result of lower prices, higher capacities, improved reliability and faster
performance SSDs are rapidly replacing hard disks. The SSD market to date has been
limited to the enterprise market segment, due largely to high cost. Penetration is
growing from a virtual zero base in many consumer segments to substantial quantities
by 2009/10. We estimate this will drive SSD growth rates many times more than those
of the underlying markets. To ensure system performance is not compromised, SSDs
will require an uninterrupted power supply (UPS) to assist with the write speed
required by large volumes of metadata that are produced. The attractions of the
CAP-XX supercapacitor to the SSD manufacturers are the energy storage capability,
delivered power and physical dimensions (small size and weight). CAP-XX has already
achieved a number of design wins and trials of the supercapacitor product are well
underway with several vendors. Volum
Strategies for Growth
The Company continues to have discussions aimed at securing business with a number
of global original equipment manufacturers active in portable and consumer
electronics. We are strengthening our relationships with these organisations and we
have regular engineering meetings together with their integrated circuit board
providers. We are unable to comment on specific progress with individual companies
but can state that we are pleased with the overall progress.
Most sales to date have been achieved by direct sales .The Company plans to maintain
direct sales contacts with key customers. To gain broader market coverage, the
Company also continues to work with a number of well-quali*ed distributors covering
Asia (inclusive of Japan, Korea and China), US and Europe. Sales growth from this
distributor network is encouraging and distributors' experience in selling our
product is steadily improving.
Research and Development
CAP-XX has a research facility at its headquarters in Lane Cove, Australia where a
research and development team comprised of 10 engineers and scientists, ably
assisted by 5 other engineers and scientists, is continuing development work to
maintain CAP-XX's lead position in the engineering of electrode, separator and
electrolyte material in supercapacitor devices. We have a close association with
leading personnel across various research institutions. Our Scientific Advisory
Board provides clear direction on the commercially relevant technologies our R&D
programme should address.
The market in which the Company operates is competitive and is characterised by
rapid technological change. The Company believes it currently has a strong
competitive position in all its target markets with its capability to produce
supercapacitors with a high energy density and power density in a small,
conveniently sized flat package. CAP-XX devices are also lightweight, work over a
broad temperature range and have an operati
Outlook
The Company had recognised that several successful and reliable large scale contract
manufacturers needed to be identified in order to pursue the mobile phone market and
other opportunities. With the recent addition of Murata and Nationgate, CAP-XX's
long term manufacturing strategy is now in place. Access to capacity for both the
short and longer term is now available to meet the expected increase in demand for
the CAP-XX supercapacitor. Murata is well recognised as a worldwide components
manufacturer and already supplies to large mobile handset manufacturers. Murata's
worldwide distribution expertise will also assist with the sales and marketing of
the CAP-XX supercapacitor. Murata remain on schedule to produce the first products
from their new supercapacitor manufacturing line by the end of this calendar year.
Nationgate is also well known in South East Asia as a contract manufacturer of
choice and has been operating successfully for more than 10 years. Nationgate has an
impressive list of customers such
CAP-XX continues to pursue other business opportunities in
addition to mobile handset manufacturers and good progress has
been made especially in the SSD, energy harvesting and
location tracking markets. Currently, sales volumes are
modest. The company is confident in the recovery of the
electronics manufacturing market and rapid growth in the newly
identified CAP-XX markets. This confidence is supported by
numerous design wins in the SSD space and increases in short
term order activity. The major short term focus for CAP-XX
will be ensuring successful commissioning of the Murata
production line; assisting where necessary with discussions
with mobile phone manufacturers; and ensuring the new business
opportunities identified above are aggressively pursued.
CAP-XX Limited
Income statement
For the year ended 30 June 2009
Consolidated
2009 2008
Currency: Australian Dollars Notes $ $
Revenue from sale of goods & services 1 7,826,198 5,119,842
Cost of sale of goods 2 (3,605,889) (6,274,620)
Gross margin (loss) on sale of goods 4,220,309 (1,154,778)
Other revenue 1 69,292 371,619
Other income 3 439,609 89,533
General and administrative expenses (3,091,449) (4,026,853)
Process and engineering expenses (986,653) (1,302,325)
Selling and marketing expenses (1,148,693) (1,608,299)
Research and development expenses (1,833,732) (1,887,867)
Impairment loss on plant & equipment - (1,622,607)
Other expenses 4 (782,715) (438,528)
(Loss) before income tax (3,114,032) (11,580,105)
Income tax benefit / (expense) - -
Net (loss) for the year (3,114,032) (11,580,105)
CAP-XX Limited
Balance sheet
As at 30 June 2009
Consolidated
2009 2008
Currency: Australian Dollars $ $
ASSETS
Current assets
Cash and cash equivalents 4,060,241 3,481,060
Receivables 293,218 360,440
Inventories 1,455,715 1,087,009
Other 36,195 109,036
Total current assets 5,845,369 5,037,545
Non-current assets
Property, plant and equipment 1,695,338 1,597,217
Other 208,233 208,233
Total non-current assets 1,903,571 1,805,450
Total assets 7,748,940 6,842,995
LIABILITIES
Current liabilities
Payables 1,189,679 2,017,126
Provisions 409,644 559,496
Other 2,894,214 1,532,390
Total current liabilities 4,493,537 4,109,012
Non-current liabilities
Provisions 158,520 153,752
Total non-current liabilities 158,520 153,752
Total liabilities 4,652,057 4,262,764
Net assets 3,096,883 2,580,231
EQUITY
Contributed equity 78,906,340 75,786,603
Reserves 2,244,733 1,733,786
Accumulated losses (78,054,190) (74,940,158)
TOTAL EQUITY 2,580,231
3,096,883
CAP-XX Limited
Statement of changes in equity
For the year ended 30 June 2009
Consolidated
2009 2008
Currency: Australian Dollars $ $
Total equity at the beginning of the financial 2,580,231 13,394,609
year
Exchange differences on translation of foreign (69,280) (46,050)
operations
Net income (loss) recognised directly in equity (69,280) (46,050)
(Loss) for the year (3,114,032) (11,580,106)
Total recognised income and expenses for the (3,183,312) (11,626,156)
year
Transactions with equity holders in their
capacity as equity holders:
Employee share options 580,227 747,289
Exercise of options 64,489
New share equity 3,283,598 -
Share issuance costs (163,861)
3,699,964 811,778
Total equity at the end of the financial year 3,096,883 2,580,231
CAP-XX Limited
Cash flow statement
For the year ended 30 June 2009
Consolidated
2009 2008
Currency: Australian Dollars $ $
Cash flows from operating activities
Receipts from customers (inclusive of goods and 7,762,358 7,485,925
services tax)
Payments to suppliers and employees (inclusive (9,519,117) (13,945,001)
of goods and services tax)
(1,756,759) (6,459,076)
Grants received 35,000 89,533
Interest received 69,292 371,619
Net cash (outflow) inflow from operating (1,652,467) (5,997,924)
activities
Cash flows from investing activities
Payments for property, plant and equipment (890,862) (1,329,940)
Proceeds from sale of property, plant and 2,774
equipment
Net cash (outflow) inflow from investing (888,088) (1,329,940)
activities
Cash flows from financing activities
Proceeds from issue of shares 3,119,737 64,489
Net cash inflow from financing activities 3,119,737 64,489
Net increase (decrease) in cash and cash 579,181 (7,263,375)
equivalents
Cash and cash equivalents at the beginning of 3,481,060 10,744,435
the financial year
Cash and cash equivalents at the end of the 4,060,241 3,481,060
financial year
Notes to the financial statements
Basis of preparation
The financial information included in this announcement does not constitute statutory accounts within the meaning of the Australian Corporations Act 2001. Whilst the financial information has been computed in accordance with Australian equivalents to International Financial Reporting Standards, other authoritative pronouncements of the Australian Accounting Standards Board, Urgent Issues Group Interpretations and the Corporations Act 2001, this announcement does not itself contain sufficient information to comply with those requirements.
A copy of the Company's annual report incorporating compliant financial statements for the year ended 30 June 2009 will be posted to shareholders in October 2009.
Consolidated
2009 2008
$ $
Note 1 Revenue
Sales revenue
Sale of goods 2,519,828 4,552,232
Sale of services 5,306,370 567,610
7,826,198 5,119,842
Other revenue
Interest 69,292 371,619
69,292 371,619
Total revenue 7,895,490 5,491,461
Consolidated
2009 2008
$ $
Note 2 Cost of Sale of Goods
Direct materials and labour 2,346,647 3,582,527
Inventory write downs/(back) - 916,543
Indirect manufacturing expenses 1,259,242 1,775,550
3,605,889 6,274,620
Consolidated
2009 2008
$ $
Note 3 Other income
Government grants 35,000 89,533
Foreign Exchange gains 404,609 -
439,609 89,533
Consolidated
2009 2008
$ $
Note 4 Other Expenses
Foreign exchange losses - 123,154
Engineering concept design fees - (4,401)
Consultants 237,850 94,500
Provision for credit notes / doubtful debts 24,617 (26,376)
Net Loss on disposal of Plant and equipment 704
Provision for make good on premises 40,000 40,000
Provision for returns and rework 51,589
Provision for diminution in recoverable 427,955 211,651
value - withholding taxes
782,715 438,528
Consolidated
2009 2008
$ $
Note 5 Loss per share
Operating Loss (3,114,032) (11,580,105)
Loss per share - undiluted ($0.063) ($0.236)
Weighted Average Share on Issue during the 49,325,503 49,042,674
year
This information is provided by RNS
The company news service from the London Stock Exchange
END
FR KGMGGKZZGLZM
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| Date/Time | Subject | Author | ||
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| 24-06-09 |
BUY
13p too cheap
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20p in the short term and the once the product gets established bac k up towards 40p
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| 19-06-09 |
BUY
Re: Today's News
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buy these now. supercapacitors very enviro LED friendly...... just look at LED shot up. i expect same from CPX
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| 05-06-09 |
BUY
Today's News
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Today's RNS on the successful demonstration of the surface mountable supercapacitor products appears to be very positive.
Whilst the company does not appear to have too much headroom regarding cash flow, I can't believe it will not be long before a significant contract is announced. I have been watching this company for some considerable time and feel it is a good time to dip a toe in the water. As always, DYOR O13 More | View thread (2) | Respond | Login to Vote up | Login to Vote down |
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| 16-05-07 |
BUY
Today's deals
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I was told some time ago that CPX had a large stock overhang in the market. Today a series of deals totalling over 1.5 million shares went through the market at mid price. Hopefully this means that the overhang is now cleared or well on the way to being cleared so that we can start to make progress again. Roll on the RNS announcing the deal with Nokia. It's only a matter of time.
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The contents of the postings summarised here represents the opinions of the authors and not of Interactive Investor Trading Limited.
They have not been approved or issued by Interactive Investor Trading Limited.
They have not been approved or issued by Interactive Investor Trading Limited.
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