RE: Tesla action3 Aug 2023 12:05
FAO MUCKER
We note the recent announcement regarding the litigation with Maxwell/Tesla (trial delayed to December and counter claim by Maxwell/Tesla) and whilst the delay to the trial is disappointing, we do not believe it will alter the outcome as this patent has been previously upheld by the same judge resulting in a c$5m award against Ioxus. The counter claim by Maxwell/Tesla looks, on the face of it, to be a negotiating tactic but will unfortunately incur some costs to CAP-XX even if it is completely baseless; however, as the claim has only recently been made, these costs will likely occur after the award from the claim by CAP-XX against Maxwell/Tesla.