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CPX - CAP XX News Story

4.25p -0.0  -1.2%

Last Trade - 24/09/20

Sector
Technology
Size
Micro Cap
Market Cap £19.0m
Enterprise Value £18.0m
Revenue £1.96m
Position in Universe 1384th / 1807

CAP-XX Limited - Ioxus intellectual property judgement

Fri 7th August, 2020 3:18pm
RNS Number : 5477V
CAP-XX Limited
07 August 2020
 

 

 

7 August 2020

 

 

CAP-XX Limited

("CAP-XX" or the "Company")

 

Ioxus intellectual property judgement

 

CAP-XX Limited, a world leader in the design and manufacture of thin, flat supercapacitors and energy management systems, announces that the Delaware District Court has made a judgment in favour of CAP-XX against Ioxus, Inc ("Ioxus")

The Court found that Ioxus is liable for infringing the patents-in-suit and awarded CAP-XX compensatory damages of $1,237,717 and enhanced damages of $3,713,152 and also awarded CAP-XX its attorney's fees.

CAP-XX intends to vigorously pursue the recovery of these awards, though it is unclear at this time whether this will be successful.  

For further information contact:

 

CAP-XX Limited

Anthony Kongats (Chief Executive Officer)                               +61 (0) 2 9428 0139

 

Kreab (Financial PR)

Robert Speed                                                                            +44 (0) 20 7074 1800

 

Allenby Capital (Nominated Adviser and Broker)

David Hart / Alex Brearley                                                         +44 (0) 20 3328 5656

 

 

More information is available at www.cap-xx.com

 

Notes to Editors:

 

CAP-XX (LSE: CPX) is a world leader in the design and manufacture of thin, flat supercapacitors and energy management systems used in portable and small-scale electronic devices, and to an increasing extent, in larger applications such as automotive and renewable energy. The unique feature of CAP-XX supercapacitors is their very high power density and high energy storage capacity in a space-efficient prismatic package. These attributes are essential in power-hungry consumer and industrial electronics, and deliver similar benefits in automotive and other transportation applications. For more information about CAP-XX, visit www.cap-xx.com

 

 


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