CAP-XX Limited Spire Health Tags launched in Apple stores (8538B)

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RNS Number : 8538B

CAP-XX Limited

25 September 2018

25 September 2018

CAP-XX Limited

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

Spire Health Tags launched in Apple stores globally

CAP-XX, a world leader in supercapacitors, is pleased to announce that Apple Inc. ("Apple") has selected the Spire Health Tag wearable device, which incorporates a CAP-XX Thinline supercapacitor, to be a featured health product in Apple stores globally.

CAP-XX first announced in that it had secured a contract to supply Spire, Inc. ("Spire) on 15 August 2017, its first high volume order for Thinline supercapacitors. The Health Tag was launched by Spire in November 2017, with customer dispatches commencing in Q1 2018. The directors of CAP-XX anticipate that further follow on orders from Spire will be forthcoming in the second half of the Company's current financial year.

Spire Health Tags are now available in Apple stores in the US, UK and China, and will be in further stores worldwide later this autumn. For further details of the Spire product see: https://spire.io

Anthony Kongats, Chief Executive of CAP-XX said:

"We are delighted that Spire has secured this important distribution channel for its innovative internet of things (IoT) fitness and wellbeing monitoring device. The Board is encouraged by yet another example of the value CAP-XX provides to these devices and by the broader validation of the market potential for IoT devices in general."

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

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September 25, 2018 05:22 ET (09:22 GMT)