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Pin to quick picksCap-xx Share News (CPX)

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Tesla sues Australia's Cap-XX over EV battery technology

Mon, 17th Jul 2023 17:08

July 17 (Reuters) - Tesla sued Australian company Cap-XX in Texas federal court on Friday, claiming its supercapacitors used for storing energy in electric-vehicle batteries infringe two U.S. patents owned by a Tesla subsidiary.

Tesla CEO Elon Musk pledged in 2014 not to "initiate patent lawsuits against anyone who, in good faith, wants to use our technology." The company says the legal action comes in response to a lawsuit that Cap-XX originally filed against Tesla subsidiary Maxwell Technologies in 2019 for patent infringement.

"Maxwell has a history of innovation that has resulted in its own patents, now assigned to Tesla, and thus Tesla brings this suit against Cap-XX to protect its intellectual property rights," the lawsuit said.

Representatives for Tesla and Cap-XX did not immediately respond to requests for comment on the lawsuit, which was filed in U.S. District Court for the Eastern District of Texas.

Tesla acquired Maxwell in 2019. Like Cap-XX, Maxwell makes capacitors for electric vehicles that increase their energy-storage capabilities. The patents that Cap-XX allegedly infringed relate to electrodes used in supercapacitors, which Tesla called the "primary source of the device's power capabilities."

Tesla said the electrodes used in Cap-XX's supercapacitors work in the same way as Maxwell's patented technology. It asked the court for an unspecified amount of money damages.

Cap-XX's ongoing lawsuit in Delaware federal court accuses Maxwell of infringing its own supercapacitor patents.

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5 Jan 2017 14:08

CAP-XX licensee introduces super-low profile supercapacitor

(ShareCast News) - CAP-XX announced on Thursday that its licensee, Murata, has introduced the DMH Series, the world's lowest profile 0.4mm supercapacitor. The AIM-traded firm said the product, which uses CAP-XX's supercapacitor technology, is for peak power assist, as required in wearables applicati

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7 Dec 2016 08:23

CAP-XX halves price on vehicle supercapacitor products

(ShareCast News) - Supercapacitor company CAP-XX announced on Wednesday that it has achieved significant production cost savings on its supercapacitor solutions for both passenger vehicle and heavy vehicle automotive applications. The AIM-traded firm had announced in June that it had secured three n

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29 Nov 2016 08:25

CAP-XX Pleased With Progress As Interest And Royalty Payments Grow

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4 Oct 2016 08:47

CAP-XX shares surge as it reports on year of development

(ShareCast News) - Supercapacitors and energy management systems designer and manufacturer CAP-XX announces its audited results for the year to 30 June on Tuesday, with sales revenue rising 12% year-on-year to AUD 5m. The AIM-traded firm's gross margin increased to 52% from 31% on a like-for-like ba

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12 Jul 2016 09:00

CAP-XX Receives GBP1 Million Payment From AVX Following Agreement

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29 Jun 2016 07:54

CAP-XX Says Murata Launches Lithum Battery For Wearables Under Deal

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22 Jun 2016 09:54

WINNERS & LOSERS SUMMARY: Elementis Shares Dive On Chromium Earnings

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22 Jun 2016 06:37

CAP-XX Secures Supercapacitor Orders In North America And Asia

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12 Apr 2016 09:19

WINNERS & LOSERS SUMMARY: Anglo American Sparkles On De Beers Sales

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12 Apr 2016 07:09

CAP-XX Expands Licence Deal With Murata To Include Battery Markets

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30 Mar 2016 10:03

CAP-XX Loss Widens On Order Delays, Slow Scale-Up Of New Projects

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22 Mar 2016 10:39

WINNERS & LOSERS SUMMARY: Brussels Explosions Send Travel Stocks Lower

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22 Mar 2016 09:49

CAP-XX Shares Higher On Licence Agreement With US-Based AVX

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15 Feb 2016 15:59

Two big seals of approval for CAP-XX supercapacitors

(ShareCast News) - CAP-XX received two big seals of approval for its supercapacitor technology on Monday, with the extension of a memorandum of understanding on its automotive products, and continuing positive progress on its Thinline family. The AIM-traded firm said the MoU was for the development

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15 Feb 2016 08:50

CAP-XX Extends Deal With Automotive Customer, Makes Thinline Progress

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