Murata licence widened to battery applications

RNS Number : 8410U

CAP-XX Limited

12 April 2016

 

12 April 2016

CAP-XX Limited

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

Murata licence widened to battery applications

CAP-XX, a world leader in supercapacitors, is pleased to announce that its licence agreement with Murata, entered into in May 2008, has been broadened to include battery markets.

At Murata's request, CAP-XX has agreed to extend the scope of the licence which will enable Murata to manufacture and sell lithium ion batteries using CAP-XX's international patents.

The Murata extension highlights the broad scope of the CAP-XX patent portfolio in many different energy storage applications and is anticipated to generate a material uplift in licensing revenue in the coming years. The global lithium ion battery market, which was US$12b in 2012, is expected to exceed US$33b by 2019.

CAP-XX continues to seek additional licensing opportunities for its patents and intellectual property in the fields of supercapacitors, Li-ion batteries and other energy storage applications.

CAP-XX's Chief Executive, Anthony Kongats, said:

"The extension of CAP-XX's licence agreement with Murata materially increases the breadth of applications for our family of patents into the already large and rapidly developing battery markets."

For further information, please contact:

CAP-XX Limited
Anthony Kongats (Chief Executive Officer)	[phone]
Allenby Capital Limited (Nominated Adviser and Broker)
David Hart / Alex Brearley	[phone]
Kreab (Financial PR)
Robert Speed	[phone]

Notes to editors

About CAP-XX

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. 

 

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