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Pin to quick picksCap-xx Share News (CPX)

Share Price Information for Cap-xx (CPX)

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Share Price: 0.0775
Bid: 0.075
Ask: 0.08
Change: -0.0055 (-6.63%)
Spread: 0.005 (6.667%)
Open: 0.083
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AIM WINNERS & LOSERS: Cap-XX surges as settles agreement with Tesla

Thu, 21st Mar 2024 10:43

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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Cap-XX Ltd, up 76% at 0.34 pence, 12-month range 0.058p-2.90p. The manufacturer of supercapacitors for portable electronic devices says that it has been signed a settlement agreement with Tesla Inc. "Whilst the terms of the settlement agreement are confidential, they do not involve payments to Tesla that the board of CAP-XX considers to be material to the company," Cap-XX says. Back in September 2019, Cap-XX alleged that Maxwell Technologies had directly and indirectly infringed on CAP-XX's patents for several capacitor products. Maxwell, a California-based manufacturer of energy storage and power delivery products, was acquired by Tesla in 2019 for USD218 million. However, last year, Tesla filed a counter complaint against Cap-XX in a US District Court, alleging infringement of two patents by Cap-XX.

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Getech Group PLC, 8.4% at 8.95p, 12-month range 4.10p-15.95p. The geo-energy and green hydrogen company says it has made a "strong" start to 2024. Revenue for the first two months of the year are about 40% ahead of the same period in 2023. In 2024 to date, Getech has secured contract wins totalling GBP900,000, including three new annual software subscription customers as well as the renewal of eight annual licenses for the Globe geoscience platform and software products. Chief Executive Richard Bennett comments: "Getech has had a good start to 2024, and I am pleased by the improved financial position of the company. Importantly, prospects for the business continue to build as we retain our long-term clients, as well as attract new brands to our growing subscription base."

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AIM - LOSERS

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Blue Star Capital PLC, down 20% at 0.026p, 12-month range 0.026p-0.25p. The investment company reports a pretax loss of GBP6.3 million for the financial year that ended September 30, 2023, widened from GBP1.3 million in financial 2022. The main factors behind the significant loss were the write down in value of the company's investments in Dynasty Media & Gaming and Sthaler and losses incurred on the realisation of the company's quoted investments. Executive Chair Tony Fabrizi says: "The last year was one of considerable disappointment for all those connected with Blue Star. The material and unexpected write down in value in our investment in Dynasty has had a significantly detrimental impact on the company's net asset value and this has obviously impacted sentiment towards the company."

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By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
13 Mar 2024 11:35

Cap-XX shares plummet 80% amid "highly constrained financial position"

(Alliance News) - Cap-XX Ltd shares plummeted on Wednesday, after it said its working capital position has "continued to deteriorate".

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13 Mar 2024 11:12

AIM WINNERS & LOSERS: Woodbois rises as plots Mozambique exit

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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12 Mar 2024 14:26

Cap-XX CFO Mike Taylor retires after 16 years in role

(Alliance News) - Cap-XX Ltd on Tuesday announced its Chief Financial Officer Mike Taylor has decided to retire after 16 years in the role, and will officially depart the company on Friday.

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12 Mar 2024 12:38

CAP-XX chief financial officer to retire

(Sharecast News) - Supercapacitors manufacturer CAP-XX revealed on Tuesday that chief financial officer Mike Taylor had decided to retire from the role and will be leaving the group on 15 March.

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28 Feb 2024 14:21

Cap-XX shares rise on developments in Maxwell Technologies ligation

(Alliance News) - Cap-XX Ltd shares rose on Wednesday, amid developments in ligation with Maxwell Technologies Inc.

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28 Feb 2024 10:50

AIM WINNERS & LOSERS: Image Scan falls on slower start to 2024

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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19 Feb 2024 15:47

IN BRIEF: Cap-XX withdraws appeal on patent infringment case in US

Cap-XX Ltd - Sydney-based manufacturer of supercapacitors for portable electronic devices - Directors decide to take no further action with an appeal made, after the Delaware District Court, US ruled in favour of Maxwell Technologies Inc in a patent infringement case. It initially made the appeal in late January, but has now opted to drop the appeal. Says: "The decision follows the conclusion of a case review by CAP-XX with its lawyers, which considered the legal fees to present the appeal and the probability of success."

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19 Feb 2024 12:12

CAP-XX chooses not to pursue Maxwell case appeal

(Sharecast News) - Supercapacitor design and energy management specialist CAP-XX updated the market on Monday, following the Delaware District Court's ruling on 29 January favouring Maxwell Technologies in a patent infringement lawsuit initiated by CAP-XX.

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1 Feb 2024 12:00

CAP-XX shares plunge as loss widens on higher costs; revenue jumps

(Alliance News) - Cap-XX Ltd on Thursday said higher administratice and legal expenses drove its half year loss to widen, despite a revenue climb.

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1 Feb 2024 10:31

AIM WINNERS & LOSERS: Bushveld jumps as refinances loan with OMF Fund

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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29 Jan 2024 13:55

IN BRIEF: Cap-XX files notice of appeal regarding patent infringement

Cap-XX Ltd - Sydney-based manufacturer of supercapacitors for portable electronic devices -Files a notice of appeal to the Federal Circuit Court of Appeals following the Delaware District Court judgment in favour of Maxwell Technologies Inc. Says the appeal process is at a preliminary stage and there can be no certainty as to the timing of the appeal process or whether the appeal will be heard by the Federal Circuit Court of Appeals.

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10 Jan 2024 10:58

IN BRIEF: Cap-XX says court verdict won't harm portfolio, shares rise

Cap-XX Ltd - Sydney-based manufacturer of supercapacitors for portable electronic devices - Says it is "disappointed" but "evaluating all options", including taking case to Federal Circuit Court of Appeals, after Delaware District Court in late December favoured Maxwell Technologies Inc in a patent infringement case. Company concludes, following a review of its patent portfolio, that the Delaware judgement does not affect said portfolio's integrity, or the integrity and enforceability of current licensing deals. Patents made invalid in the Delaware judgement expired in December 2019, company having first accused Maxwell of infringement in 2017.

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21 Dec 2023 15:43

CAP-XX reports positive first-half trading

(Sharecast News) - Supercapacitor and energy management system design and manufacturing specialist CAP-XX issued a positive trading update for its first half on Thursday.

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18 Dec 2023 16:55

LONDON MARKET CLOSE: FTSE 100 outperforms European peers

(Alliance News) - Stock prices in London closed higher on Monday, after investors shrugged off hawkish comments from US Federal Reserve officials amid festive cheer.

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18 Dec 2023 14:13

CAP-XX patents found invalid in litigation with Tesla subsidiary

(Sharecast News) - Supercapacitor and energy management system specialist CAP-XX updated the market on its ongoing patent infringement case against Maxwell Technologies, now a subsidiary of Tesla, on Monday.

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