Cap-XX Ltd - Sydney-based manufacturer of supercapacitors for portable electronic devices - Says it is ‘disappointed’ but ‘evaluating all options’, including taking case to Federal Circuit Court of Appeals, after Delaware District Court in late December favoured Maxwell Technologies Inc in a patent infringement case. Company concludes, following a review of its patent portfolio, that the Delaware judgement does not affect said portfolio’s integrity, or the integrity and enforceability of current licensing deals. Patents made invalid in the Delaware judgement expired in December 2019, company having first accused Maxwell of infringement in 2017.
Cap-XX moreover does not expect the judgement to ‘have a materially adverse affect’ on its ongoing business, which remains in line with its late December trading update. Company at the time said it expects sales for the first half of 2024 to increase 35% compared with the prior year.
Current stock price: 0.83 pence, up 19% in London on Wednesday
12-month change: down 79%
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