Business
Murata licence widened to battery applications
Murata licence widened to battery applications.
About this update from Cap-xx Limited
[{"type":"text","content":"\n \nRNS Number : 8410U CAP-XX Limited 12 April 2016 \n\n12 April 2016\n \nCAP-XX Limited \n(\"CAP-XX\" or the \"Company\")\n \nMurata licence widened to battery applications\n \nCAP-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.\n \nAt 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.\n \nThe 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.\n \nCAP-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.\n \nCAP-XX's Chief Executive, Anthony Kongats, said:\n \n\"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.\"\n \n \n \nFor further information, please contact:\n \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\n+44 (0) 20 7074 1800\n\n\n\n\nNotes to editors\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 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 consu...