REG - CAP-XX Limited - Update on Patent Infringement

CAP-XXAnnouncement

18/07/2023 10:30

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RNS Number : 3801G  CAP-XX Limited  18 July 2023

18 July 2023

CAP-XX Limited

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

Update on Patent Infringement Complaint Against Maxwell

Patent Infringement Complaint from Tesla

CAP-XX Limited, a world leader in the design and manufacture of
supercapacitors and energy management systems, has been advised that the trial
date for its existing patent infringement action against Maxwell Technologies
Inc. ("Maxwell"), now a wholly owned subsidiary of Tesla Inc. ("Tesla"), has
been moved from 24 July 2023 to 11 December 2023, due to the passing away of
an expert witness for Maxwell.  The CAP-XX Board remains optimistic of the
Company's prospects in this matter.

Further, separately, CAP-XX has been advised that Tesla has recently lodged a
complaint against CAP-XX in the U.S. District Court, alleging the infringement
of two patents by CAP-XX.  CAP-XX intends to strenuously defend this action
and further announcements will be made as appropriate.

 

For further information contact:

 

CAP-XX Limited

Pat Elliott
(Chairman)
+61 (2) 9157 0000

Lars Stegmann (Chief Executive Officer)

 

Allenby Capital (Nominated Adviser and Joint Broker)

David Hart / Piers Shimwell (Corporate Finance)
                                      +44
(0) 20 3328 5656

Tony Quirke / Stefano Aquilino (Sales and Corporate Broking)

 

Cenkos Securities plc (Joint Broker)

Neil McDonald / Pearl Kellie
 
+44 (0) 13 1220 6939

 

Kreab (Financial PR)

Robert
Speed
+44 (0) 20 7074 1800

 

 

More information is available at www.cap-xx.com (http://www.cap-xx.com)

 

About CAP-XX

CAP-XX (LSE:CPX) is a world leader in the design and manufacture of ultra-thin
prismatic and compact cylindrical supercapacitors. Its prismatic
supercapacitors are manufactured in Australia and Malaysia and its cylindrical
supercapacitors are manufactured in China. The company's strong intellectual
property (IP) portfolio includes 11 patent families. CAP-XX's ultra-thin
prismatic supercapacitors are ideal for space-constrained electronics
applications where small energy storage device size and thickness are
important. The unique feature of CAP-XX supercapacitors is their very
high-power density and high-energy storage capacity in space-efficient thin
prismatic and compact cylindrical packages. For more information, visit
https://www.cap-xx.com/ (https://www.cap-xx.com/) or email sales@cap-xx.com
(mailto:sales@cap-xx.com) .

 

 

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