May 30 2008
Following the announcement of a letter of intent in March, CAP-XX today announced the signing of a formal contract with Murata Manufacturing Corporation of Japan (Murata) to jointly develop and supply high performance supercapacitors for mobile handsets and other peak power-hungry, space-constrained portable applications.
The companies will initially work together to scale supercapacitor production to meet the anticipated demand of the global mobile handset market. The companies anticipate that volume mass production and sales from this partnership will commence in late 2009.
Murata's manufacturing expertise will speed mass production. The electronic component giant's distribution expertise will greatly expand the sales and marketing of the CAP-XX developed supercapacitors, which have earned a unique industry position as the smallest and thinnest available for the peak power delivery and energy storage they provide. In parallel, the partners will jointly develop next generation products with CAP-XX leading the material development.
The partnership agreement enables CAP-XX to meet its customers' requirements for quality, volume and specification. Under the terms of the licence, CAP-XX will receive licence fees and a royalty based on the volume of sales of supercapacitors.
Anthony Kongats, CEO of CAP-XX, commented:
"Murata is the strong manufacturing partner we sought to increase the capacity of our thin-form supercapacitors and 'de-risk' CAP-XX as a supplier to the high-volume, mobile device customers who needed more production capacity than we could guarantee. Murata is also the leading supplier to the all of the top mobile handset market companies and as such is able to support us in building production to meet the demands of the marketplace, whilst supporting CAP-XX in new product development."
A Murata spokesperson said:
"Murata is pleased to partner with CAP-XX, the leader in supercapacitor development, to provide our customers with innovative and leading edge solutions."