Murata licensed Cap-XX’s supercapacitor patents in 2008 and began production of supercapacitors in Japan in 2013, building a significant supercapacitor business in areas such as the Internet of Things (IoT), solid state drives and LED flash. A strategic review of its business in 2018 saw Murata focus on multilayer ceramic capacitors and lithium batteries and exit some non-core business lines such as supercapacitors.
The two companies agreed Cap-XX would acquire Murata’s production lines for the small, thin DMF, DMT and DMH supercapacitor product families and have been working to relocate them from Japan to Australia. This will allow Cap-XX to produce supercapacitors that are identical to the Murata products, guaranteeing customers a continuity of supply.
The lines will arrive at a new factory in Sydney in stages between March and June 2020, and begin producing Murata’s three supercapacitor product families in Q3 2020. These lines are newer, more efficient and have far greater capacity than Cap-XX’s own, so the company expects the acquisition to both increase its sales and reduce its direct production costs.
Murata will also assist in introducing Cap-XX to its customers, but is also building enough inventory to satisfy the needs of customers during the interim after ceasing production in Q1 2020 until Cap-XX recommences shipments using the production lines in Q3 2020.
Cap-XX plans to maintain Murata’s existing pricing on the supercapacitor families. The DMT range is a high-power, ultra-long life, high temperature supercapacitor suited for extreme applications such as solid-state drives and automotive applications. Due to its thinness, it can be assembled onto printed circuit boards (PCBs).