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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: 0.195
Bid: 0.19
Ask: 0.20
Change: 0.0225 (13.04%)
Spread: 0.01 (5.263%)
Open: 0.1725
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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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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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21 Dec 2015 13:07

CAP-XX Is Developing Supercapacitor With 30 Years Life

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12 Oct 2015 10:25

CAP-XX Confident For Full Year But Some Orders Deferred To 2nd Half

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1 Sep 2015 10:05

CAP-XX Annual Loss Narrows On Revenue Rise And Improved Gross Margin

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21 Jul 2015 17:05

CAP-XX says full-year results will be in line

(ShareCast News) - CAP-XX, a manufacturing of thin-form supercapacitors and energy management systems, said its full-year results will be in line with expectations. The group's sales rose 10% to $4.4m for the full year 30 June 2015 driven by its new business areas of automotive and Thinline. Furthe

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17 Jun 2015 15:44

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17 Jun 2015 07:14

Cap-XX Shares Rise As It Gets Strong Response To Supercapacitors

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1 Jun 2015 12:05

Cap-XX announces customer order

Supercapacitors maker Cap-XX has announced that a customer has placed orders for additional evaluation units, with delivery planned for the third quarter of this year. The order follows "very encouraging" results from the first test and evaluation samples of its automotive supercapacitor units under

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1 Jun 2015 07:44

CAP-XX Gets First Follow-On Order From Auto Components Customer

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11 May 2015 07:41

CAP-XX Raises GBP1.0 Million In Discounted Share Placing (ALLISS)

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