LONDON (ShareCast) - (ShareCast News) - CAP-XX announced Tuesday it had received its largest ever order for its Thinline supercapacitors from a US based internet-of-things (IoT) company working on a wearable device for the fitness and health market.
Slated for delivery between late 2017 and early 2018, CAP-XX anticipates the initial order, totalling $400,000 will aid in securing a follow-on order with a contract value in excess of $1m over the first half of 2018.

"We are delighted to have secured our first high-volume order for Thinline supercapacitors for an IoT application," said chief executive Anthony Kongats.

"Additionally, we remain confident that our partnerships with Murata and AVX will provide significant additional momentum to the adoption of CAP-XX supercapacitors in numerous very high volume applications across the globe."

As a result of the announcement, shares had leapt ahead 19.13% to 12.81p as of 1045 BST.

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