RE: Alliance News - Latest21 Mar 2024 12:46
More Alliance news
On AIM, Cap-XX surged 56%.
The manufacturer of supercapacitors for portable electronic devices SAID that it has been signed a settlement agreement with Tesla.
"Whilst the terms of the settlement agreement are confidential, they do not involve payments to Tesla that the board of CAP-XX considers to be material to the company," Cap-XX says.
Back in September 2019, Cap-XX alleged that Maxwell Technologies had directly and indirectly infringed on CAP-XX's patents for several capacitor products. Maxwell, a California-based manufacturer of energy storage and power delivery products, was acquired by Tesla in 2019 for USD218 million.
However, last year, Tesla filed a counter complaint against Cap-XX in a US District Court, alleging infringement of two patents by Cap-XX.