Cap Xx (GB:CPX) has released an update.
CAP-XX Limited, a leading supercapacitor manufacturer, has reported robust trading with bookings and billings surging ahead by 14% and 56% respectively year-to-date, and maintains a strong order backlog nearing US$1 million. The company has successfully initiated trial shipments of their new products and is on track for further market expansion, supported by recent fundraising efforts aimed at bolstering the sales network and product development. Additionally, CAP-XX has implemented a cost-saving program expected to save over US$0.5 million annually and is targeting a breakeven point by 2026.
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