LONDON (Alliance News) - Supercapacitors designer CAP-XX Ltd on Wednesday said Japanese electronic components maker Murata Manufacturing Co Ltd has launched a thin battery for wearable devices which uses CAP-XX technology.
The pair signed a deal in April which extending the licensing agreement between them to include battery markets.
Following this, Murata has launched the UMAL, a low-profile, large-capacity, laminate-type energy device which incorporates CAP-XX intellectual property into a lithium ion battery.
Murata started mass production of the new device in June and plans to continue to expand this product line in the future.
CAP-XX also noted royalties under its agreement with Murata nearly-quadrupled in the year to the end of March year-on-year.
"We are delighted to announce the commencement of production under the extension of CAP-XX's licence agreement with Murata, which materially increases the breadth of applications for our family of patents into the already large and rapidly developing battery markets," said Anthony Kongats, CAP-XX's chief executive.
CAP-XX shares were up 14% to 5.00 pence on Wednesday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Cap-xx (CPX)