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LONDON (Alliance News) - Supercapacitors company CAP-XX Ltd on Tuesday said its licence deal with Japanese electronic components maker Murata Manufacturing Co Ltd has been widened to include battery markets.
CAP-XX said, at the request of Murata, it has agreed to extend the scope of the licence to allow Murata to manufacture and sell lithium ion batteries using CAP-XX patents.
CAP-XX said it expects the expansion of the deal to drive a material rise in licensing revenue in coming years.
"The extension of CAP-XX's licence agreement with Murata materially increases the breadth of applications for our family of patents into the already large and rapidly developing battery markets," said CAP-XX Chief Executive Anthony Kongats.
CAP-XX shares were up 15% to 4.10 pence early Tuesday, one of the best performers in the AIM All-Share.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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