16th Oct 2024 19:59
CAP-XX Ltd - manufacturer of supercapacitors for portable electronic devices - Signs a contract with a new customer in the smart meter sector in South Africa following a successful design-in project. The contract is for an initial 12 months, with the majority of revenue expected to be recognised in the current financial year to June 30, 2025. Anticipates further orders from the new customer over the coming years as additional smart meter products are required for general maintenance of the product and from an increase in the number of end use customers. No financial details were disclosed.
Current stock price: 0.18 pence, closed up 7.6% in London on Wednesday
12-month change: down 86%
By Jeremy Cutler, Alliance News reporter
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