CAP-XX Ltd - Australia-headquartered supercapacitors and energy management systems maker - Announces judgement in favour of the company by Delaware District Court in case against Ioxus Inc. Court finds Ioxus liable for infringing patents-in-suit and awards CAP-XX USD1.2 million in compensatory damages plus enhanced damages of USD3.7 million. Court also awards CAP-XX its attorney's fees.
"CAP-XX intends to vigorously pursue the recovery of these awards, though it is unclear at this time whether this will be successful," says company.
Current stock price: 3.95 pence
Year-to-date change: up 33%
By Anna Farley; annafarley@alliancenews.com
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Cap-xx (CPX)