Business
AVX technology licence agreement
AVX technology licence agreement.
About this update from Cap-xx Limited
[{"type":"text","content":"\n \nRNS Number : 8178S CAP-XX Limited 22 March 2016 \n\n22 March 2016\n \n \nCAP-XX Limited\n \n(\"CAP-XX\" or the \"Company\")\n \nAVX technology licence agreement\n \n \nCAP-XX, a world leader in supercapacitors, is pleased to announce that it has signed a technology licence agreement with AVX Corporation of Fountain Inn, South Carolina, USA (\"AVX\"). AVX is a leading international manufacturer and supplier of electronic passive components and interconnect solutions found in many electronic devices and systems worldwide.\n \nCAP-XX will licence to AVX its patents on a non exclusive basis for a range of prismatic and cylindrical supercapacitor sizes. Under the terms of the licence, CAP-XX expects to receive upfront licence fees over a three year period and a 5% royalty for the life of the patents, based on the volume of sales of supercapacitors sold by AVX covered by CAP-XX patents. The last of the CAP-XX patents granted expires in 2029. New patents applied for by CAP-XX will extend this date beyond 2029 once granted. The initial upfront licence fees receivable by CAP-XX for the first twelve months will be a minimum of £1.26 million, with payments in subsequent years being subject to AVX maintaining the licence.\n \nAnthony Kongats, CEO of CAP-XX, commented:\n \n\"Our partnership with AVX is a further significant step in executing our business model. This licence agreement again highlights the value of our intellectual property and will provide significant additional momentum to the adoption of CAP-XX supercapacitors in numerous very high volume applications across the globe.\"\n \n \n \nFor further information, please contact:\n\n\n\n\nCAP-XX Limited\n\n\n \n\n\n\n\nAnthony Kongats (Chief Executive Officer)\n\n\n+61 (0) 2 9428 0139\n\n\n\n\n \n\n\n \n\n\n\n\nAllenby Capital Limited (Nominated Adviser and Broker)\n\n\n \n\n\n\n\nDavid Hart / Alex Brearley\n\n\n+44 (0) 20 3328 5656\n\n\n\n\n \n\n\n \n\n\n\n\nKreab (Financial PR)\n\n\n \n\n\n\n\nRobert Speed\n\n\n+44 (0) 20 7074 1800\n\n\n\n\n \n \nNotes to editors:\n \nAbout CAP-XX\nCAP-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 dev...