1 a big field recall with Daimler trucks. 3000+ trucks recalled over production period of several months. This could be a serious design problem. For normal cars it is about $100 to get them recalled in the garage, this is excluding the costs to replace and replacement product. This will be costly... In automotive world this is not nice because you can also forget about new design wins.
2 Explains also why Jeff Colton (ip on ustart) suddenly decides to move towards Cap-XX. He started in January.
3 looks the recall is ongoing right now, I think Ioxus mgt team has a lot of topics to handle simultaneously...
McGough formerly served as CEO of Pentadyne Power Corporation and Envinta Corporation and Energetics PLC, and was a division president and general manager at Maxwell Technologies, where he launched its new business unit focused on ultracapacitors.
RE: Cap-xx v Ioxus Court Case - Settlement12 Mar 2020 06:58
Thanks PP1, really appreciated.
My summary: 1 Ioxus would like to Settle already in January (which in principle is good news) 2 Cap-xx rejected the proposal (which is also good news) 3 Suddenly the legal representatives of Ioxus want to stop because they did not get paid.
Which reasons can be behind this ?
1 they worked on no cure no pay base and that they do not believe in it anymore.=> good news. 2 Ioxus has problems to pay them (how are their finances ?)=> good news
OS, since you have often an outside in view, can you give your opinion ? (Serious question) Of course also opinions of others are appreciated.
Still struggling with this text in the audited results ended 30 june 2016: In April 2016, Murata and CAP-XX reached agreement to broaden the existing licence agreement to include battery markets and additional supercapacitor sizes. Following this agreement, Murata announced in late June 16 that it was launching a range of lithium ion batteries. Murata has confirmed that mass production of the new device commenced in June 2016 and that it plans to expand its product line-up to meet future demand for large capacity devices
I also thought that the 3volt was developed on specific request from Murata, but I can’t find this back anymore, does someone still remember this and if so, share a link ?