Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Haha…Graham Wales lol, sour sour grapes from that one too scared to show his face on LSE. Lost tens of thousands in UKOG and was never the same afterwards. Very bitter.
Nice rise here this morning….the start of the J curve ?
This is huge OS…get that new car on order old chap :)
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulations. With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
27 July 2022
CAP-XX Limited
("CAP-XX" or "the Company")
CAP-XX to Sell Supercapacitors for Microgrid Applications Under Agreement with Systematic Power Manufacturing LLC
The companies are teaming to bring Ioxus supercapacitor modules to new geographies, leveraging CAP-XX's distribution infrastructure in EMEA, APAC, Mexico, Central and South America, Australia and New Zealand
Sydney, Australia - July 27 2022 - CAP-XX Limited (LSE:CPX), the leading manufacturer of ultra-thin prismatic and high-power cylindrical supercapacitors, and Systematic Power Manufacturing LLC (SPM) have settled their legal dispute.
On 7 August 2020, CAP-XX announced that the Delaware District Court had made a judgment in favour of CAP-XX against Ioxus, Inc ("Ioxus"). The Court found that Ioxus was liable for infringing CAP-XX's patents. SPM acquired the assets of Ioxus in 2020 after control of Ioxus was passed to its secured creditor Ares Capital following CAP-XX's successful court action. In exchange for CAP-XX agreeing to drop all further action, 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. These modules and cells will be sold under the CAP-XX brand.
The large, powerful Ioxus supercapacitor modules are designed for power management in demanding microgrid applications such as transportation subsystems, engine start modules, regen energy capture, grid/power correction, Uninterruptible Power Supply (UPS)/ride through power, wind turbine pitch control and hybrid energy storage. CAP-XX will sell all 22 of Ioxus' customer-configurable modules, under the CAP-XX brand.
Ioxus modules, made with cylindrical or prismatic pouch cells, boast a high voltage range, can deliver and absorb a high current, can perform under a wide range of climate conditions, and offer high life cycle. They will accelerate CAP-XX's ability to enter a number of fast-growing markets including:
· Wind turbines
· Solar Installations and other microgird applications
· Regenerative braking and energy recycling for vehicles and heavy equipment
· Vehicle engine starting
· Electric vehicles
"We are excited about this agreement, which gives us a range of great products to access new markets in microgrid applications and gives SPM a geographic sales path where CAP-XX is already established," said Anthony Kongats, CEO at CAP-XX.
"This is a win-win agreement, allowing us to expand our market coverage through CAP-XX in geographies where we don't have a presence," said Scottie Johnson, CEO at Systematic Power Manufacturing.
Wow this is massive news !!!
…
Court: District of Delaware
157. REDACTED VERSION of [144] Opening Brief in Support, of Motion for Summary Judgment on Maxwell Technologies, Inc.'s Affirmative Defense and Counterclaims of Inequitable Conduct by CAP-XX, Ltd. (filed: 07/22/2022)
158. REDACTED VERSION of [145] Statement, re Motion for Summary Judgment on Maxwell Technologies, Inc.'s Affirmative Defense and Counterclaims of Inequitable Conduct Concise Statement of Material Facts in Support of Motion for Summary Judgment on Maxwell Technologies, Inc.'s Affirmative Defense and Counterclaims of Inequitable Conduct by CAP-XX, Ltd. (filed: 07/22/2022)
159. REDACTED VERSION of [147] Opening Brief in Support of Motion to Strike Opinions of Dr. John Miller, Ph.D. by CAP-XX, Ltd. (filed: 07/22/2022)
160. REDACTED VERSION of [148] Appendix, [Joint Appendix] re Motion for Summary Judgment on Maxwell Technologies, Inc.'s Affirmative Defense and Counterclaims of Inequitable Conduct and Motion to Strike Opinions of Dr. John Miller, Ph.D. by CAP-XX, Ltd. (filed: 07/22/2022)
…
We should see 5p plus today imo…5m shares traded yesterday onwards and upwards :)
LIVE BID 4.75p
Loadsaaa moneyyyy :)
LIVE BID 4.5p
Case: Cap-Xx, Ltd. v. Maxwell Technologies, Inc. (ded-1:2019-cv-01733)
Court: District of Delaware
- Motions No Longer Referred: [124] Cross MOTION to Preclude Maxwell Technologies, Inc. from asserting any of its Sales were Extraterritorial re: D.I. 119, [140] MOTION to Preclude the Opinions of Gregory A. Pinsonneault. The automatic referrals to the Magistrate Judge have been removed for these motions. (filed: 07/20/2022)
Just in…
If the RNS dropped tomorrow confirming a Maxwell settlement where do we expect the share price to be ? Or would the full details of settlement be required to get a gage on SP ?
Morning PCO1 …just a matter of time now by the look of things :)
I think it’s ready for a move upwards this week…
Would it be a possibility that details of a settlement (if made) won’t become public knowledge ?
What are the thoughts on current cash levels ? $A1.6m ?
Maxwell would be crazy going to trial. These things are usually sorted out of court, a settlement could be reached in days/weeks. A successful outcome would mean AVX paying us a shed load of money too. Plus further license agreements.
I’m thinking $20m