Small Aussie company into supercapacitors

Issued statement on 23/10 bemused at share price fall

Stock has since droopped another 15%

Basically I'm guessing institutional seller that got in on ipo needs out no buyers ----- free money for the patient --- 3-6 months if you belive the management that is

As for the business I have no idea :-)

Keeps with retracement at the moment

and how has been moving for the last few days

There was a retracement of 50% at 4p, so bought again

finally the placing price has been announced @ 3.25p and a 13% extra shares 30.76M so the dilution is not large ...............


CAP-XX Limited -- Placing to raise £1.0 million

Further to the announcement on 5 May 2015, the Board of CAP-XX is pleased to announce that the Company has raised gross proceeds of £1.0 million, by way of a placing (the "Placing") of a total of 30,769,231 new ordinary shares of no par value (the "Placing Shares") at a price of 3.25 pence per share (the "Placing Price"). The proceeds of the Placing will be used for general working capital purposes.

Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the Placing Shares will commence at 8:00 am on 14 May 2015.

The Placing Shares will be issued credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid in respect of the Company`s ordinary shares of no par value each ("Ordinary Shares") after the date of Admission and will otherwise rank pari passu in all respects with the Company`s existing Ordinary Shares. The Placing was conducted by Allenby Capital Limited.

The enlarged issued share capital of the Company following the issue of the Placing Shares will be 266,996,596 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in Treasury.

Following Admission, the above figure of 266,996,596 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

Commenting on the Placing, Anthony Kongats, CEO of CAP-XX said, "We are very pleased with the further support and commitment which we have received from investors for this financing. This will assist in acceleration of the commercial roll-out of both our new range of Thinline supercapacitors and our large automotive product."

From another place ...........

I spoke with Allenby this morning, because I wanted to know if the over-subscribed comments on the board this morning were genuine, they confirmed - in their words the placing was 'Heavily, heavily oversubscribed, by more than a factor of x3'!!

in other words HUGE DEMAND from people in the know!!

i often disagree with mentor, as well he knows, but not on this occasion
my only misgivings relate primarily to the tiny capitalisation of just £4m
indeed, i often wonder why such minuscule companies bother to go public, for it brings much pain in its wake ..... that said, all too often, the founder directors do so only to fill their wallets to bursting
not so in this case i think

For any new investors- A bit of company History

Super Cap Me -- 8 July, 2013

SECRETED away in an industrial park in Lane Cove, Sydney, a team of materials scientists and engineers coat an aluminium substrate with a special sauce of activated carbon.

Down the corridor, technicians disassemble a Kindle ebook reader, and replace its internal battery with a flat prismatic supercapacitor in a flat silver packet, allowing it to run off the power generated by a solar panel.

And soon, the same supercapacitors made by CAP-XX (pronounced with one “X”), scaled up and connected in parallel, may be found in micro-hybrid and hybrid electrical vehicles from major international automotive makers.

We talked to Pierre Mars, Vice President for Quality and Applications Engineering at CAP-XX, to find out how Australian innovation could soon make drivers’ lives a whole lot easier.

Automotive pivot
CAP-XX’s core IP was first developed by the CSIRO in the mid-to-late 90s. Anthony Kongats, who was then involved in electrolytic manufacturing at Plessey Ducon in Meadowbank, started working with CSIRO to integrate their activated carbon technology into supercapacitors.

“CSIRO was being asked to get external funding for some of their research work, as their budget was being tightened,” explained Mars.

“So Anthony funded some of that work, and got the rights to the IP for the carbon coating in return for that funding, and that was the start of what was then energy storage systems.”

Early supercapacitors from CAP-XX retained the cylindrical form factor of regular capacitors, but were much larger, and could deliver a few thousand farads of capacitance.

“The party trick was that you could charge it up, go into a meeting, whack a paper clip across and you’d melt it,” Mars said.

After raising some seed funding for the startup, CAP-XX surveyed the market to find the prime focus for its technology, and decided to start making small and slim supercapacitors in a prismatic form factor for consumer electronics such as wireless modems and LED camera flashes.

“Back in 2000…as a startup company we recognised that the automotive industry would be too slow moving for us to succeed,” Mars explained.

“It has only been in the last couple of years as global warming, reduce emissions, improved fuel economy, price of gas, all that sort of stuff, has now driven people into looking at what we would call micro-hybrid, and to hybrid solutions.”

This prompted a decision in late 2011 to enter the automotive market.

“Market acceptance has just come now. People now have a genuine need because they are being pushed on fuel economy and emissions reduction.”

Cranking it up
Micro-hybrid vehicles use the start-stop system, which automatically shuts down and restarts the engine during stops. By reducing idling time, the system helps cut fuel consumption and emissions.

However, the start-stop system places a lot of strain on the battery, and current implementations require the use of expensive heavy duty batteries such as absorbed glass material (AGM) variants in order to cater for the required load.

“Instead of starting your car three or four times a day, you are now starting it forty, fifty, hundred times a day,” Mars pointed out. “Particularly in city traffic.”

The solution is to pair up a supercapacitor system with a smaller battery, and use the supercapacitor to provide the repeated high power cranking current required to start the engine.

Since the battery no longer experiences the cranking current, it can be smaller and lighter, which, together with the light weight of supercapacitors, would provide further fuel efficiencies.

Additionally, since supercapacitors can accept extremely high currents, such a system could also be connected to regenerative braking in order to recover even more power.

“Stop-start systems started with higher end cars and are coming along in the last two or three years. So we started looking at it, and we also started getting interest in it,” Mars said.

“People were making enquiries, and we could see the opportunities, so we made some prototype large cells. We now have a low volume production line here to make those, to meet sample needs for evaluation.”

While the current coating allows an impressive power density of around 90kW per kg, to cater for the automotive systems, CAP-XX looked to alter its proprietary coated foil technology to be higher energy.

In May 2013, CAP-XX announced its GC1 EDLC supercapacitor cells which provide 1400 Farads and Equivalent Series Resistance (ESR) of around 0.26 milliohms. The low ESR means it is possible to draw amperes out of the supercapacitor, and only experience a low voltage drop.

How to make supercapacitors
To make supercapacitors, create the coated electrode foil, and cut it out. The positive foil layers are joined together to construct the positive and negative terminals, then ultrasonically weld them together.

The assembly is then put into a silver pouch package, filled with electrolyte, sealed, and tested.

Since the key intellectual property for CAP-XX is in the coating of the electrodes, it manufactures its coated foils in Australia, and sends them to Malaysia for volume assembly into supercapacitors.

Its Malaysian manufacturers utilise production equipment from CAP-XX, which was shipped over along with work instructions. A data acquisition management system allows the Australian company to have oversight over the manufacturing process and test results.

In the case of the automotive supercapacitors, as they are currently being provided in sample quantities, they require small runs, which can be done in Australia.

Showing off one of the sample units, Mars said the form factor, similar to that of a large prismatic lithium-ion battery, allows for easier system designs, and is easier to pack into a smaller space compared to cylindrical cans.

“This has been made by off-the-shelf production equipment that was designed to make lithium-ion batteries,” Mars said.

“That is why we can set up a low-volume line here cost-effectively, because we can buy some of the key equipment at reasonable prices from China. That’s what makes the automotive market attractive. The capital cost to set it up is reasonable considering the potential returns.”

When asked about the potential for competitors to reverse engineer their products, Mars said the ultrasonic welding made it impossible to do so with the coated foil.

“Assembly-wise, anyone can cut it up and see how it’s put together, but making the production equipment to do it effectively is non-trivial,” he said.

“It’s quite a high barrier to entry. You have to have the right coated foil that will work with the electrolyte, the right separator…it’s a system. If you don’t get all the bits right, then you will have short life, or other problems.”

A powerful future
Much of CAP-XX’s business is in export – while there are a few small-scale design houses in Australia who buy supercapacitors, most of the volume comes from overseas.

“Often we would work with the design team, help the distributor win the design by giving application support to the customer, and then the customer will get the unit made in China or Singapore or Malaysia themselves, and we drop-ship our parts to the manufacturing location,” Mars explained.

CAP-XX is still supplying supercapacitors for electronic systems, and is working on a surface-mountable supercapacitor.

At the moment, all supercapacitors have to be mounted on a circuit board as a secondary operation in production, after the reflow process.

Standard supercapacitors cannot pass through a reflow oven, because they have liquid electrolyte absorbed into the pores of the activated carbon. The vapour pressure inside can cause the package to rupture when the unit is subjected to the temperatures (260°C) inside a reflow oven.



To make a surface mountable supercapacitor, CAP-XX will need to develop fundamentally different materials that do not exert vapour pressure.

By making a surface-mountable supercapacitor, CAP-XX hopes to make the creation of products bearing supercapacitors more cost-effective and better suited for high-volume applications.

On the automotive front, CAP-XX has already had a number of top tier suppliers sampling its supercapacitors, and is hopeful of a mass-market breakthrough within the next two to four years.

The company is also speaking to racing companies, for possible inclusion of supercapacitors in Kinetic Energy Recovery Systems (KERS), a variant of regenerative braking used by racing cars.

“When the racers go around the corner, they capture that energy, then push that energy out when they accelerate out of the corner. They get an extra one or two hundred horse power on top of what their engine gives them, in a short burst,” said Mars

The light-weight nature of supercapacitors is a point of special interest for racers looking to minimise their vehicle weight.

In the manufacturing process itself, CAP-XX continues to work on streamlining production, reducing costs by 25 to 50 percent, and improve materials utilisation and yield.

With the company also looking to explore applications in energy harvesting and wireless sensors, CAP-XX is also hoping to improve its supercapacitors’ life, allowing them to last longer in set-and-forget type applications.

CAP-XX has licensed its technology to Murata, a Japanese manufacturer, and will be looking for more licensing agreements with large players who can effectively scale up the production and distribution of the supercapacitors.

And while it is possible that CAP-XX will eventually become a pure IP company, Mars is keen to keep manufacturing its own parts, and be directly in the market, since it allows the company to engage directly with its user-customers, explore new applications, and get feedback.

CPX is the the for today
On a day when most were expecting the shares to go down, has turn up to be all the opposite and the shares are being mopped up with large volume already

spread 4.55 v 4.65p +0.60p

Some profit taking since reaching 2.325p ( 50% Intraday retracement ) a couple times and trying to bounce back

Finished at 2.525p +0.575p

Lots of profit taking but finishing well up with volume of 28M+


Slow Stochastic

Zak , 6p+ target

Zak , 6p+ target - 15 May 2015

Sydney, Australia – May 18, 2015 – CAP-XX (LSE:CPX), a leading developer of flat supercapacitors for burst and back-up power in space-constrained electronic devices, today launched its Thinline series of single-cell supercapacitors. The world’s thinnest at 0.6mm thick, and with prices starting at less than US$1 in large volumes, Thinline was developed to address the size, weight and cost challenges of designing thin, sometimes disposable electronic devices for the Internet of Things (IoT). Examples include wearables (medical, fitness and health monitors, smart watches, drug delivery systems), portables (active credit cards, smartphones, RFID tags), and connected electronics (smart homes and smart buildings, electronic shelf labels, wireless sensor networks).

To reduce thickness and manufacturing costs, CAP-XX increased the power and energy density in its electrode materials to deliver equivalent performance in about half the volume, and eliminated the folded edges and copper terminals that contribute to thickness in its Standard line supercapacitors. (For comparison, CAP-XX’s thinnest traditional single-cell supercapacitor is 1.10mm.)

CAP-XX supercapacitors benefit from a unique nanotechnology construction that stores electrical charge in engineered carbon electrodes on aluminium foil, to minimize resistance and maximize capacitance (see diagrams at www.cap-xx.com/products/photo-gallery). This unique electrode construction packs the highest energy and power densities possible into thin, prismatic packages.

Supercapacitors are ideal for handling peak power events, supporting batteries and energy harvesters configured to provide low-power current at maximum efficiency. This architecture allows designers to use smaller, cheaper, low-power batteries and extend their run-time and cycle life, or intermittent ambient energy sources such as solar photovoltaic. Supercapacitors are also ideal for ultra-quick device charging and wireless power transfer, and provide the backup needed for graceful shutdown and “last gasp” transmissions in mission-critical applications.

CAP-XX Thinline supercapacitors deliver all these benefits to IoT devices, supporting power requirements for wireless communication (BluetoothTM, Bluetooth SmartTM, ZigbeeTM, Z-WaveTM, AntTM, active RFID), electronic paper and OLED displays, haptic feedback, vibration alerts, GPS acquisition, and injection or inhalation systems.

The idea was born while working with a customer designing a disposable insulin pump. “We figured out how to eliminate materials and change some processes to reduce costs and thickness,” explained Anthony Kongats, CAP-XX CEO. “Thinline works with thin-film, solid-state, and other low power batteries such as coin cells/button cells, energy harvesting modules based on solar, vibration/kinetic, RF, and other ambient energy sources, as well as inductive/wireless and cable/cradle fast-charging systems.”

http://www.cap-xx.com/news/
http

Support at 4p has hold again

A few days now since moving higher and then down around this 4p price
so it has to be considered a good support line.
the little profit taking it was a good opportunity to buy it seems, as the bid side was strong not long ago sells were 4.06p (some thought were buys ) v 4.09p

spread at the time 4 v 4.10p

Reason why I am in

Supercapacitors bridge power gaps.

If the peak power required to support a function is greater than the average power required by the device, you’ve got a job for a supercapacitor. One ubiquitous example of this is radio frequency transmission. Wireless technology enables billions of consumer and industrial devices, but it can be very power hungry. Everything that connects needs bursts of power to transmit data – power that batteries and other current-limited sources like energy harvesters and USB power supplies often can’t supply, but a supercapacitor certainly can.

And if the primary power supply is subject to failure or fluctuation (like a mains plug being pulled out, a battery running out of charge, or a cloud passing by a solar panel), a supercapacitor can ride through the power gap too, acting as an on-board, Uninterruptible Power Supply (UPS).

And if your primary source is an energy harvester, or if you just want a battery-free, fast charging solution, a supercapacitor will function as the energy store, the power supply, and the on-board UPS.

Supercapacitors create advanced power solutions that enable the latest technologies. Discover how CAP-XX provides the power to wireless, consumer, and commercial devices.

sol-pg_w1 sol-pg_cn1sol-pg_cm1
Supercapacitor Benefits
Extend battery run time by minimizing the voltage droop caused by a high-current load
Smooth out fluctuating power requirements from a low current source
Minimize electrical and acoustic noise generated by current pulses in RF-enabled devices
Permit low-temperature and high-temperature operation in harsh environments
Provide technical benefit in small volume/mass, particularly in space-constrained environments
Enable thinner, smaller industrial designs for PDAs, smartphones, and other consumer applications
Meet all relevant environmental standards for disposal and hazardous operation
When to use a Supercapacitor

Do I Need a Battery or a Supercapacitor or Both? Battery Benefits:
Large Energy Density
CAP-XX Benefits:
Large Power Density
Quick Discharge & Recharge
Very Thin & Flat
Long Life (no electrochemical reactions means an almost unlimited cycle life)
When should I use a Supercapacitor to improve the Power Source? As a Power SUPPORT
(High Source Impedance)
Current-limited Host
Primary batteries
Rechargeable batteries
Energy harvesters
Fuel cells
As a Power REPLACEMENT
(Infinite Source Impedance)
Mains backup (e.g. as an internal UPS for SSDs)
Battery backup (e.g. for “graceful shut down”, “battery hot swap” and “last gasp” wireless transmissions)
Voltage stabilisation (e.g. for battery contact chatter “Drop Test” and transients)
Short term energy storage (e.g. for Battery-free devices using Inductive charge or Cradle/Cable charge)
http://www.cap-xx.com/cap-xx-applications/

----------------------------
Clean energy will push Supercapacitors and energy storage into big business

http://www.theguardian.com/environment/2015/may/18/fossil-fuel-companies-getting-10m-a-minute-in-subsidies-says-imf

It went to 3.75p intraday low today

what someone else think...........
IF it is a pennant it needs to complete and b/o in a maximum of 15 trading days, otherwise it is classed as a triangle. [according to Bulkowski]
needs to hold 3.75 line

The average b/o takes place at 85% of the length of the pennant, therefore CPX sp could b/o from tomorrow, but must do by May 27th or pattern is bust.

re - CPX has been manipulated too much

naturally I have level 2 that I look at it once too often
One can see MMs moving prices without trades and sometimes by 12K trade
PEEL has been on the offer once too often for my take ( not just now) but their latest move was out of touch though there was a small trade with it.
From being all day and weeks at bid or offer, now is on the side lines

the total trades at 4pm ( though not always accurate but I do not see much delayed trades )

buys 4,762,959
sells 3,487,725

but we are well down on the day

edit 26 May chart

3.85p +0.225p
Today is the day for CPX to break from the Pennant pattern downside

The Pennant
The pennant forms what looks like a symmetrical triangle, where the support and resistance trendlines converge towards each other. The pennant pattern does not need to follow the same rules found in triangles, where they should test each support or resistance line several times. Also, the direction of the pennant is not as important as it is in the flag; however, the pennant is generally flat.


........................

26 May 2015
CAP-XX has launched its Thinline series of 0.6mm thick single-cell supercapacitors, starting at less than $1 in large volumes. Thinline was developed to address the size, weight and cost challenges of designing thin, sometimes disposable electronic devices for the IoT. Examples include wearables, portables and connected electronics such as smart homes, smart buildings and electronic shelf labels.

To reduce thickness and manufacturing costs, CAP-XX increased the power and energy density in its electrode materials to deliver equivalent performance in about half the volume, and eliminated the folded edges and copper terminals that contribute to thickness in its standard line supercapacitors. For comparison, CAP-XX's thinnest traditional single-cell supercapacitor is 1.10mm.

CAP-XX supercapacitors benefit from a nanotechnology construction that stores electrical charge in engineered carbon electrodes on aluminium foil, to minimise resistance and maximise capacitance. This unique electrode construction packs the highest energy and power densities possible into thin, prismatic packages.

Supercapacitors can handle peak power events, supporting batteries and energy harvesters configured to provide low-power current at maximum efficiency. This architecture allows designers to use smaller, cheaper, low-power batteries and extend their run-time and cycle life, or use intermittent ambient energy sources such as solar PV. Supercapacitors also enable fast device charging and wireless power transfer, and provide the backup needed for graceful shutdown and ‘last gasp’ transmissions in mission-critical applications.

CAP-XX Thinline supercapacitors support power requirements in IoT devices including wireless communication (Bluetooth, Bluetooth Smart, Zigbee, Z-Wave, Ant, active RFID), electronic paper and OLED displays, haptic or tactile feedback, vibration alerts, GPS acquisition, and injection or inhalation system delivery.

The Thinline idea was born while working with a customer designing a disposable insulin pump. "We figured out how to eliminate materials and change some processes to reduce costs and thickness," explained Anthony Kongats, CEO, CAP-XX.

Thinline works with thin-film, solid-state, and other low-power batteries such as coin cells/button cells, energy harvesting modules (solar, vibration/kinetic, RF, and other ambient energy sources), as well as inductive/wireless and cable/cradle fast-charging systems.

Http://www.electronicspecifier.com/passives/0-6mm-supercapacitors-address-iot-space-constraints

is this the same technology that the exceedingly dodgy chinese company Hanergy was supposedly working with?

CAP-XX wins order under automotive MoU

CAP-XX has received a follow-on order for its automotive supercapacitor units under its memorandum of understanding with a global tier -1 auto components company.

This order was placed after encouraging results from the first test and evaluation samples of the units.

The customer has placed orders for additional evaluation units which CAP-XX will manufacture at its Lane Cove facility in Australia for delivery to the customer in the third quarter of this year. The company says it is also encouraged by initial industry feedback on its recently launched range of Thinline supercapacitors.

Chief executive Anthony Kongats said "We are delighted to have received a follow-on order for automotive supercapacitors under our Tier-1 MoU and are very encouraged by initial feedback from our customer."
-----------------
Recent Newsflow

On 3 February 2015, CAP-XX announced that it had signed a mutually exclusive
MoU with a North American Global Tier-1 Automotive components company,
initially for the development of products for the North American truck market. The
MoU is for the development of CAP-XX's large automotive supercapacitors for a
standalone system which can serve both original equipment and aftermarket
applications.

On 8 April 2015, CAP-XX announced it had signed a R&D agreement with the
Thales Research Centre. As part of the agreement, Thales has contracted CAP-XX
to evaluate innovative technology developed by Thales and to examine CAP-XX's
own technology according to the requirements of the avionics market. This initial
study is a first step towards the use of supercapacitors that target avionics
applications.

On 29 April 2015, the company announced the launch of its Thinline range, to
address the space constrained needs of new products developed for the IoT. The
range is designed for use in ultra-thin electronic devices, including wearable
devices, such as medical, fitness and health monitors, smart watches, drug delivery
systems. Targeting high volume applications, the device according to the company
has a significantly lower ASP than larger supercapa