Shares digital

CAP-XX (CPX:AIM) - Finals PTP: -A$4.46m (-AS$4.70m) Divi: n/a (n/a)

A manufacturing agreement with leading Japanese component maker Murata could be a key step for the Sydney-based firm toward establishing the credentials of its revolutionary supercapacitor technology. Three of the five leading mobile phone manufacturers now already use integrated circuits for camera flash and power management functionality using CAP-XX's designs. The link-up with Murata should help to convince sceptics that the £10.4 million cap is capable of offering the volumes and quality of product necessary in this fast-moving, mass market product industry.

CAP-XX's supercapacitors enable mobile phones to use more powerful electric currents more safely, boosting product capability without curtailing battery life. The shares of the early-stage, loss-making firm remained mired at an all-time low of 21.5p, well below April 2006's flotation price of 93p.

Shares says: Full of potential but current handset environment is testing as fears of a slowdown in demand continue to build.

by: Russ Mould