CAP-XX Limited US court action settlement and licence agreement (1206E)
July 02 2019 - 1:00AM
UK Regulatory
TIDMCPX
RNS Number : 1206E
CAP-XX Limited
02 July 2019
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR).
2 July 2019
CAP-XX Limited
("CAP-XX" or "the Company")
US court action settlement and licence agreement with CDE
CAP-XX is pleased to announce that, following a court action, it
has reached agreement with Cornell-Dubilier Electronics Inc. (CDE),
whereby CDE will licence two of CAP-XX's patents on a non-exclusive
basis.
CDE is a US based privately owned capacitor manufacturer with
over 35,000 customers worldwide. It is also the largest
manufacturer of power capacitors in North America.
The royalty rate to be paid to CAP-XX is in line with the
royalty rates applicable to other licence agreements with third
parties. No further financial details relating to the transaction
will be disclosed due to confidentiality provisions in the
settlement.
Anthony Kongats, Chief Executive of CAP-XX said:
"We are delighted that CDE has settled our action. This
settlement reinforces the integrity of our intellectual property,
which is critical to the production of supercapacitors as well as
other related applications."
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 (Corporate Finance) +44 (0) 20 3328
5656
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
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contact rns@lseg.com or visit www.rns.com.
END
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