Litigation with Kyocera AVX settled

CAP-XX Limited

08 April 2024

 

8 April 2024

CAP-XX Limited

("CAP-XX" or the "Company")

Litigation with Kyocera AVX settled

CAP-XX is pleased to announce that the litigation with Kyocera AVX in the Supreme Court Of New South Wales has been settled with each party agreeing to pay its own costs. Therefore, CAP-XX has no exposure to any costs incurred by Kyocera AVX.

The effect of the settlement is that CAP-XX has no litigation matters outstanding and the Board and management can focus fully on continuing to progress the CAP-XX business.

For further information contact:

CAP-XX Limited

Pat Elliott (Chairman)                                                                             [phone]

Lars Stegmann (Chief Executive Officer)

Allenby Capital (Nominated Adviser and Joint Broker)

David Hart / Piers Shimwell (Corporate Finance)                                      [phone]

Tony Quirke / Stefano Aquilino (Sales and Corporate Broking)

Cavendish Securities plc (Joint Broker)

Neil McDonald / Pearl Kellie                                                                   [phone]

Kreab (Financial PR)

Robert Speed                                                                                       [phone]

Notes to Editors:

CAP-XX (LSE: CPX) is a 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

 

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