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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: 0.19
Ask: 0.205
Change: 0.025 (14.49%)
Spread: 0.015 (7.895%)
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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UK-listed electricity stocks were providing a drag today, after French utilities giant Electricite de France announced that it would reduce gas bills from its UK arm. Gas and electricity giant SSE, the nation's second-largest energy supplier, was among the worst performers of the day on the FTSE 10

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Sector movers: Spectris sparks electrical stocks

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20 Oct 2011 11:43

CAP-XX soars as supercapacitor is launched

The Japanese firm Murata has launched its supercapacitor product manufactured under a licence agreement with CAP-XXthe electrical component company. Among other uses the supercapacitor will be used to provide power for LED flashes in mobile phones, digital cameras and camcorders. Anthony Kongats,

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Round-up: Sportingbet, Cap-XX, Liontrust

Fund manager Liontrust's assets under management have continued to fall, while profits also took a tumble in the six months to September. Profit before tax slumped to £0.5m from £6.1m, while managed fund dropped from £1.3bn at end September to £1.2bn currently. The interim dividend maintained at 2.

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Burton sells as Matra starts drilling

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