Source: Proactive Investors news
CAP-XX Limited (LON:CPX) shares gained after announcing that it received its largest-ever order for mass produced Thinline supercapacitors.
A US customer has ordered the supercapacitors for an ‘Internet of Things’ (IoT) wearable device for the fitness and health markets.
An initial US$0.4mln order is for delivery of units starting in late 2017 and continuing into early 2018. CAP-XX expects to secure a follow-on order for more than US$1.0mln in the first half of 2018.
“We are delighted to have secured our first high-volume order for Thinline supercapacitors for an IoT application,” said chief executive Anthony Kongats.
“Additionally, we remain confident that our partnerships with Murata and AVX will provide significant additional momentum to the adoption of CAP-XX supercapacitors in numerous very high volume applications across the globe.”
Shares jumped 21.90% to 13.25p.