CAP-XX Provides Business Update, Appoints Interim CFO
Why we think this is neutral
The RNS announcement does not contain any of the mandatory news types, such as contract news, order news, trading update, or annual results. It is a general business update and CFO appointment, which does not provide enough information to assess the sentiment positively or negatively.
Key Points
- Maintained strong cash position of AUD 4.2 million as of 31 May 2025
- Shipped first batch of co-branded supercapacitor products to SCHURTER Group
- Signed several key distribution agreements, including with Farnell Global, Waldom Electronics, and JM elektronik sp. z o.o.
- Appointed Anthony Guarna as Interim Chief Financial Officer
Summary
CAP-XX Limited, a world leader in the design and manufacture of thin, prismatic supercapacitors and energy management systems, has provided a business update for the five-month period ended 30 May 2025. The company maintains a strong cash position and has successfully shipped the first batch of its co-branded supercapacitor products to SCHURTER Group. CAP-XX has also signed several key distribution agreements, including with Farnell Global, Waldom Electronics, and JM elektronik sp. z o.o. The company has appointed Anthony Guarna as Interim Chief Financial Officer, effective immediately.