Business
Product launch by Murata
Product launch by Murata.
About this update from Cap-xx Limited
[{"type":"text","content":"\n \nRNS Number : 5407C CAP-XX Limited 29 June 2016 \n\n29 June 2016\n \nCAP-XX Limited\n(\"CAP-XX\" or the \"Company\")\n \nProduct launch by Murata\n \nMurata launches new battery product under widened licence \n \nCAP-XX, a world leader in supercapacitors, is pleased to announce that following the extension of the scope of its licence agreement with Murata to include battery markets, announced in April 2016, Murata has launched a thin laminate energy device for wearable devices utilising CAP-XX' s technology.\n \nAt Murata's request, CAP-XX agreed to extend the scope of the licence to enable Murata to manufacture and sell lithium ion batteries using CAP-XX's international patents. Murata has subsequently announced the development and commercial launch of the UMAL, a low-profile, large-capacity, laminate-type energy device which incorporates CAP-XX intellectual property into a lithium ion battery. This is the first product launched under its new licence agreement with CAP-XX for applications in the development of lithium ion battery technology.\n \nThe device has been launched by Murata in order to address \"market demand for a thinner, larger-capacity device\" than its existing product, the UMAC which was launched in 2015, prior to the CAP-XX licence. \n \nMurata has confirmed that mass production of the new device commenced in June 2016 and that it plans to continue to expand its product line-up to meet future demand for larger capacity devices. 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.\n \nCAP-XX additionally announces that royalty receipts from Murata under its supercapacitor licence agreement for the year to March 2016 were 275% ahead of the prior year. The Murata license 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 \n \nCAP-XX's Chief Executive, Anthony Kongats, said:\n\"We are delighted to announce the commencement of ...