CAP-XX Limited Result of AGM and Chairman's AGM statement (8857H)

TIDMCPX

RNS Number : 8857H

CAP-XX Limited

20 November 2018

20 November 2018

CAP-XX Limited

("CAP-XX" or "the Company")

Result of AGM and Chairman's AGM statement

The Board of CAP-XX announces that all resolutions put to shareholders at the Company's Annual General Meeting held earlier today were duly passed.

CAP-XX's Chairman, Pat Elliott, also made the following statement in relation to the Company's activities:

"I am pleased to be able to tell you that we currently have record levels of enquiries for our extended range of supercapacitors. Furthermore, these enquiries are from a broad base of end user customer segments, embracing automotive, industrial and smart meters, as well as consumer applications for the IoT. We are also pleased to be able to report that enquiries are being received for our new 3 V technology, with the first customer deliveries expected in mid-calendar year 2019.

I would also like to extend our thanks to our institutional shareholders for their support in the recent fundraising, the proceeds of which have now been received, together with receipt of our Australian R&D tax credit.

The Company together with its growing portfolio of, well resourced, licensees now represents a significant force in the global market for supercapacitors and together we are leading the drive for the wider adoption of supercapacitors as a mainstream energy storage technology for portable and independent devices. Your Board looks forward to the coming year with increased confidence."

For further information contact:

CAP-XX Limited

   Anthony Kongats (Chief Executive Officer)                             [phone] 

Kreab (Financial PR)

Robert Speed [phone]

Allenby Capital (Nominated Adviser and Broker)

   David Hart / Alex Brearley (Corporate Finance)                       [phone] 

More information is available at www.cap-xx.com

Notes to Editors:

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 large supercapacitor based modules used 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

RAGGIBDBLDDBGIG

(END) Dow Jones Newswires

November 20, 2018 03:29 ET (08:29 GMT)