REG - CAP-XX Limited - US court action settlement and licence agreement

CAP XXAnnouncement

02/07/2019 07:05

RNS Number : 1206E
CAP-XX Limited
02 July 2019
 


Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).
 
2 July 2019
 
CAP-XX Limited
("CAP-XX" or "the Company")
 
US court action settlement and licence agreement with CDE
 
CAP-XX is pleased to announce that, following a court action, it has reached agreement with Cornell-Dubilier Electronics Inc. (CDE), whereby CDE will licence two of CAP-XX's patents on a non-exclusive basis.
 
CDE is a US based privately owned capacitor manufacturer with over 35,000 customers worldwide. It is also the largest manufacturer of power capacitors in North America.
 
The royalty rate to be paid to CAP-XX is in line with the royalty rates applicable to other licence agreements with third parties. No further financial details relating to the transaction will be disclosed due to confidentiality provisions in the settlement.
 
Anthony Kongats, Chief Executive of CAP-XX said:
 
"We are delighted that CDE has settled our action.  This settlement reinforces the integrity of our intellectual property, which is critical to the production of supercapacitors as well as other related applications."
 
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 (Corporate Finance) +44 (0) 20 3328 5656
 




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