LONDON (Alliance News) - Shares rose in CAP-XX Ltd rose on Monday as it said that it has signed an agreement with Japanese electronics company TDK Corp by which TDK will licence a family of CAP-XX's patents.
Shares in the super capacitor firm were up 21% at 13.00 pence on Monday.
The patents are on a non-exclusive basis for a range of supercapacitor sizes, and the agreement is in line with CAP-XX's strategy to build and licence its intellectual property portfolio.
The royalty rate that will be paid to CAP-XX will be the same as the rate agreed to in other licence agreements the company has signed, with firms such as Murata Manufacturing Co Ltd in 2008.
"We are delighted to have licenced our supercapacitor technology to TDK, which is a leading participant in the global electronics market. We expect other licence agreements to follow for our intellectual property, which is critical to the production of supercapacitors as well as other related applications," said Chief Executive Anthony Kongats.
Cap-xx (CPX)