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Hello hayashi,
How CPX scale up production has always been a big question for me too. I'm sure that the production capacity at Sydney does not exceed 10m units per annum.
From memory production facilities are also sited in Malaysia and for some reason China comes to mind although I might be talking rubbish. Coincidentally, I believe Continental have a tyre plant in Malaysia.
I note that Jeff Colton has updated his LinkedIn profile within the last 24 hours and refers to the PPAP including manufacturing inspection process and CPX's ability to "reliably produce parts for automotive grade mass production". He does not clarify how many units is "mass" or where they will be produced.
@TDM, I agree this won't be just one supercap per vehicle IF this program does relate to TPMS. I doubt the unit cost for each DMT220 will be anymore than $3 but if this is TPMS related and number of units required is in the 10s of millions per annum (I'm assuming Continental don't need TPMS for every tyre they manufacture) then, and if CPX can produce such quantities, it would make the revenue for this one contract pretty decent IMHO.
Too may "Ifs" I'm afraid.
ATB
Morning TDM,
Thank you for sharing that info.
Continental have been working on the next gen tyre pressure monitoring system (TPMS) and I'm hoping that the CPX tie in relates to new tyre sensors, which would indeed be huge. However, I have not found any evidence that confirms or suggests this whatsoever.
ATB
Jeffrey,
I agree it would be great to have an idea of volumes and unit price to estimate revenue/profit but as TDM said CPX will not be able to mention any of this due to their contractual obligations.
I don't agree this is a useless jam tomorrow RNS. CPX have to release this information as it could have a material impact to the value of their shares, as the market seems to think. Whether the rise holds or not in the next few weeks who knows but to have such an agreement with a Tier 1 automotive firm for a company like CPX is massive.
I still can't find what this "key automotive program" is but if Continental want to keep it hush-hush that can't be a bad thing.
ATB
35 USC 271(f), relevant paragraph is (f) which only has 2 subsections. Any US patent law experts here..!!
Parkez, I have same view as you. If it's not granted then the defendant will look to settle to avoid a trial and I believe that most of these civil cases don't get to trial.
ATB
Morning Earl,
Just read a similar write up, linked below. The supply/demand graph looks interesting.
https://www.mining.com/graphite-poised-to-do-a-lithium/
ATB
A 41% increase from what level of sales orders?
Those percentage figures looked good at first sight but if the sales order book in July and August were low then a 41% increase may be minimal. Why were those months picked to compare to? Was it because they were low sales months?
Perhaps CPX should confirm their monthly sales figures and then we could make our own minds up. If not then those figures are pretty much meaningless and that part of the RNS was just smoke and mirrors.
The key part of the RNS, other than the terrible revenue figures, was the reference to how little cash they have left and a clear indicator that debt will be used. But will that be enough to see CPX through the next 6-12 months?
ATB
Won't find out if GTC will get a share of this or not for a while but, as you say, they are very close to the new freeport and "green ports" is certainly their thing.
ATB
Found some info here that might help explain the requirements for discovery against a Third Party in China using the Hague Convention. Are Maxwell scraping the barrel..?
https://www.chinalawinsight.com/2012/04/articles/dispute-resolution/obtaining-discovery-in-china-for-use-in-us-litigation/
Indeed, the Ioxus agreement was something from nothing and in the longer term should be better than the original award.
Hopefully a future commercial agreement with Maxwell will follow soon, now that CPX have the litigation funding it's unlikely they will let this case go to trial.
Maybe with some cash thrown in for past infringements?
ATB.
Hello Cornish1960,
Are you referring to this part of the RNS?
"SPM has granted CAP-XX exclusive rights to sell the Ioxus supercapacitor modules and cells outside the USA, Canada and Japan, and to a limited number of house accounts"
The "and" suggests to me it is in addition to territories outside the USA, Canada and Japan but I agree hard figures are required for this rise from the ashes is to hold.
ATB
Afternoon all,
The RNS seems very positive but the key thing for me was the involvement of a litigation funder. They have invested into CPX's legal success and such firms do not get involved with a commercial IP case without 2 key factors.
1. Very high success probability, i.e. above 95%.
2. Potential for very large damages.
As others have said the pay-back may be a percentage of the net damages or possibly a multiple of the fund provided. We will never know until after the case is complete.
Despite the SP being way below my own average I'm very optimistic over the next few years.
ATB.
Hello OS,
Please don't get me wrong, I like to hear both positives and negatives. My main concern is CPX being ripped off by producers in a country, that has history of copying other designs, where they will find it very difficult to protect their IP.
My main concern was your comments looked "statement" like. My own opinion is that the legal action will not get to trial as almost most cases of this type don't, the court have already found in CPX's favour on a similar case and it could be very expensive for Maxwell if they lost at trial. But I could be wrong.
ATB
Morning OS,
"Those facts are that Maxwell are electing to go to trial"
Could you please provide your factual evidence.
"As such we know that a decision will be made in Oct"
What evidence do you have that the case will definitely not settle pre-trial??
ATB
Automated driving software perhaps, need more info as usual?
https://www.autocarpro.in/news-international/continental%E2%80%99s-automated-driving-software-slated-for-2024-launch-81069
ATB