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CAP-XX Ltd ( (GB:CPX) ) has provided an announcement.
CAP-XX Limited has announced a global distribution agreement with RS Group plc, a major distributor of industrial and electronic components. This partnership will enhance CAP-XX’s global reach and accessibility of its supercapacitors through RS Group’s extensive logistics network. The agreement, alongside existing partnerships with Farnell and Digi-Key, positions CAP-XX to meet increasing global demand across various sectors, including IoT, automotive, and renewable energy, by providing comprehensive distribution coverage from design to deployment.
Spark’s Take on GB:CPX Stock
According to Spark, TipRanks’ AI Analyst, GB:CPX is a Neutral.
The overall score is primarily influenced by financial challenges, with weak profitability and cash flow being major concerns. However, positive technical momentum and strategic corporate actions offer potential growth opportunities, partially offsetting financial weaknesses.
To see Spark’s full report on GB:CPX stock, click here.
More about CAP-XX Ltd
CAP-XX Limited is a leader in the design and manufacture of thin, flat supercapacitors and energy management systems used in portable and small-scale electronic devices, as well as larger applications such as automotive and renewable energy. The company’s supercapacitors are known for their high-power density and energy storage capacity, which are essential for power-hungry consumer and industrial electronics.
Average Trading Volume: 111,352,460
Technical Sentiment Signal: Hold
Current Market Cap: £12.13M
See more insights into CPX stock on TipRanks’ Stock Analysis page.