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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: 0.1975
Bid: 0.195
Ask: 0.20
Change: 0.025 (14.49%)
Spread: 0.005 (2.564%)
Open: 0.1725
High: 0.205
Low: 0.155
Prev. Close: 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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13 Jun 2014 12:05

Cap-XX Says Discussions Over Licensing At Advanced Stage

LONDON (Alliance News) - Cap-XX PLC Friday said that discussions on licensing its supercapacitor technology for automotive applications are now at an advanced stage, but it warned that it will post a pretax loss due to delayed shipments. The supercapacitor designer said that it expects the

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24 Mar 2014 11:38

Cap-XX Narrows Pretax Loss On Higher Sales Volumes, Currency Benefits

LONDON (Alliance News) - Cap-XX Ltd Monday posted a narrowed pretax loss in the half-year ended December 31, 2013, as sales volumes rose and it saw currency translation benefits from the stronger US dollar. The company designs and manufactures thin-form supercapacitors which extend the life

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14 Oct 2013 12:13

DIRECTOR DEALINGS: CAP-XX Grants Options To CEO, Chairman And Non Executive

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11 Mar 2013 07:23

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CAP-XX looking to jump start new partnership

The super-capacitor maker CAP-XX is targeting a partnership to commercialise a device for stop-start applications in cars and lorries. CAP-XX's "super-capacitor module" removes the dependence on lead-acid batteries for starting the engine. The company claims testing has shown its invention reduce

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