Cap-XX receives receives $34 million funding
Monday, 24 September, 2001
A $34 million funding injection has been received by Sydney-based Cap-XX, developer of a power source for next generation mobile devices.
The funding, from its US parent company, will be used to increase production, and to expand sales and marketing and research and development, according to Cap-XX chief executive officer, Anthony Kongats. Cap-XX develops supercapacitors that enable original equipment manufacturers to make smaller, thinner and longer-running devices such as notebooks and PDAs.
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