New licence agreement with TDK

RNS Number : 2046D

CAP-XX Limited

08 October 2018

 

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

8 October 2018

CAP-XX Limited

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

New licence agreement with TDK

CAP-XX is pleased to announce that it has reached agreement with TDK Corporation of 3-9-1 Shibaura, Minato-ku, Tokyo, JAPAN ("TDK"), whereby TDK will licence a family of CAP-XX's patents on a non exclusive basis for a range of supercapacitor sizes.

TDK, one of the World's largest electronic component suppliers, with sales in excess of US$11 billion and over 100,000 employees, will join Murata and AVX as licencees of CAP-XX's supercapacitor IP, as CAP-XX pursues its strategy of building and licencing its IP portfolio.

The royalty rate to be paid to CAP-XX is in line with the royalty rate agreed to in other licence agreements previously announced with Murata and AVX.  No further financial details relating to the transaction will be disclosed due to confidentiality provisions in the agreement.

Anthony Kongats, Chief Executive of CAP-XX said:

"We are delighted to have licenced our supercapacitor technology to TDK, which is a leading participant in the global electronics market.  We expect other licence agreements to follow for 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)                             [phone]

Kreab (Financial PR)

Robert Speed                                                                          [phone]

Allenby Capital (Nominated Adviser and Broker)

David Hart / Alex Brearley (Corporate Finance)                      [phone]

More information is available at www.cap-xx.com

Notes to Editors:

About TDK:  TDK is one of the world's largest electronics components manufacturers serving many markets including mobile phones, automotive, industrial, energy, Infrastructure, robotics and consumer goods.  Headquartered in Tokyo, Japan and listed on the Tokyo Stock Exchange TDK's consolidated net sales in FY 2018 were 1,271 billion yen, with consolidated net income of 63.5 billion yen. TDK employs over 100,000 staff globally.

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 large supercapacitor based modules used 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

 

END

 

 

AGRLLFLAIALDIIT