Last checked at 7 Aug 2020 15:18
7 August 2020
CAP-XX Limited
("CAP-XX" or the "Company")
Ioxus intellectual property judgement
CAP-XX Limited, a world leader in the design and manufacture of thin, flat supercapacitors and energy management systems, announces that the Delaware District Court has made a judgment in favour of CAP-XX against Ioxus, Inc ("Ioxus").
The Court found that Ioxus is liable for infringing the patents-in-suit and awarded CAP-XX compensatory damages of $1,237,717 and enhanced damages of $3,713,152 and also awarded CAP-XX its attorney's fees.
CAP-XX intends to vigorously pursue the recovery of these awards, though it is unclear at this time whether this will be successful.
For further information contact:
CAP-XX Limited
Anthony Kongats (Chief Executive Officer) +61 (0) 2 9428 0139
Kreab (Financial PR)
Robert Speed +44 (0) 20 7074 1800
Allenby Capital (Nominated Adviser and Broker)
David Hart / Alex Brearley +44 (0) 20 3328 5656
More information is available at www.cap-xx.com
Notes to Editors:
CAP-XX (LSE: CPX) is a world leader in the design and manufacture of thin, flat supercapacitors and energy management systems used in portable and small-scale electronic devices, and to an increasing extent, in larger applications such as automotive and renewable energy. The unique feature of CAP-XX supercapacitors is their very high power density and high energy storage capacity in a space-efficient prismatic package. These attributes are essential in power-hungry consumer and industrial electronics, and deliver similar benefits in automotive and other transportation applications. For more information about CAP-XX, visit www.cap-xx.com