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Tesla sues Australia's Cap-XX over EV battery technology

Mon, 17th Jul 2023 17:08

July 17 (Reuters) - Tesla sued Australian company Cap-XX in Texas federal court on Friday, claiming its supercapacitors used for storing energy in electric-vehicle batteries infringe two U.S. patents owned by a Tesla subsidiary.

Tesla CEO Elon Musk pledged in 2014 not to "initiate patent lawsuits against anyone who, in good faith, wants to use our technology." The company says the legal action comes in response to a lawsuit that Cap-XX originally filed against Tesla subsidiary Maxwell Technologies in 2019 for patent infringement.

"Maxwell has a history of innovation that has resulted in its own patents, now assigned to Tesla, and thus Tesla brings this suit against Cap-XX to protect its intellectual property rights," the lawsuit said.

Representatives for Tesla and Cap-XX did not immediately respond to requests for comment on the lawsuit, which was filed in U.S. District Court for the Eastern District of Texas.

Tesla acquired Maxwell in 2019. Like Cap-XX, Maxwell makes capacitors for electric vehicles that increase their energy-storage capabilities. The patents that Cap-XX allegedly infringed relate to electrodes used in supercapacitors, which Tesla called the "primary source of the device's power capabilities."

Tesla said the electrodes used in Cap-XX's supercapacitors work in the same way as Maxwell's patented technology. It asked the court for an unspecified amount of money damages.

Cap-XX's ongoing lawsuit in Delaware federal court accuses Maxwell of infringing its own supercapacitor patents.

More News
25 Apr 2023 14:27

TRADING UPDATES: McBride ups outlook, whilst FireAngel lowers

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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18 Apr 2023 11:06

AIM WINNERS & LOSERS: Echo Energy production falls and cash runs short

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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18 Apr 2023 10:33

IN BRIEF: Cap-XX shares up; meets Continental supply-deal requirements

Cap-XX Ltd - Sydney-based maker of supercapacitors and energy management systems - Says automotive supplier Continental Automotive GmbH has granted the part submission warrant to Cap-XX, following its successful completion of Continental's production part approval process. In February 2022, Cap-XX signed a sourcing agreement with Continental to provide CAP-XX DMT220 prismatic supercaps for one of Continental's key automotive programs from 2024 to 2030.

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28 Feb 2023 14:47

TRADING UPDATES: Abingdon Health optimistic; Chamberlin expects growth

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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28 Feb 2023 10:33

AIM WINNERS & LOSERS: Safestay rises as young people travel again

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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21 Feb 2023 15:49

UK earnings, trading statements calendar - next 7 days

Wednesday 22 February 
Avingtrans PLCHalf Year Results
City of London Investment Group PLCHalf Year Results
Conduit Holdings LtdFull Year Results
Hochschild Mining PLCFull Year Results (TBC)
Liberty Global PLCFull Year Results
Lloyds Banking Group PLCFull Year Results
Primary Health Properties PLCFull Year Results
Renewables Infrastructure Group LtdFull Year Results
Rio Tinto PLCFull Year Results
Synectics PLCFull Year Results
TBC Bank Group PLCFull Year Results
Transense Technologies PLCHalf Year Results
Thursday 23 February 
Anglo American PLCFull Year Results
Arbuthnot Banking Group PLCTrading Statement
BAE Systems PLCFull Year Results
Drax Group PLCFull Year Results
Driver Group PLCFull Year Results
Genus PLCHalf Year Results
Greencoat UK Wind PLCFull Year Results (TBC)
Harmony Energy Income Trust PLCFull Year Results
Hays PLCHalf Year Results
Hikma Pharmaceuticals PLCFull Year Results
Howden Joinery Group PLCFull Year Results
Macfarlane Group PLCFull Year Results
Made Tech Group PLCHalf Year Results
Mondi PLCFull Year Results
Morgan Sindall Group PLCFull Year Results
Pantheon International PLCHalf Year Results
Rolls-Royce Holdings PLCFull Year Results
Serco Group PLCFull Year Results
Spectris PLCFull Year Results
Versarien PLCFull Year Results
WPP PLCFull Year Results
Friday 24 February 
ASA International Group PLCTrading Statement
CVS Group PLCHalf Year Results
European Opportunities Trust PLCHalf Year Results
Grit Real Estate Income Group LtdHalf Year Results
Irish Residential Properties REIT PLCFull Year Results
International Consolidated Airlines Group SAFull Year Results
Jupiter Fund Management PLCFull Year Results
Monday 27 February 
Associated British Foods PLCTrading Statement
Beeks Financial Cloud Group PLCHalf Year Results
Bunzl PLCFull Year Results
Centralnic Group PLCFull Year Results
Dechra Pharmaceuticals PLCHalf Year Results
DX Group PLCHalf Year Results
GlobalData PLCFull Year Results
Greencoat Renewables PLCFull Year Results
Kosmos Energy LtdFull Year Results
Quartix Technologies PLCFull Year Results
RHI Magnesita NVFull Year Results
Senior PLCFull Year Results
Tuesday 28 February 
abrdn PLCFull Year Results
Benchmark Holdings PLCQ1 Results
Bluefield Solar Income Fund LtdHalf Year Results
boohoo Group PLCFull Year Results
Cap-XX LtdHalf Year Results
Croda International PLCFull Year Results
Dalata Hotel Group PLCFull Year Results
Derwent London PLCFull Year Results
Hutchmed (China) LtdFull Year Results
Intertek Group PLCFull Year Results
Kitwave Group PLCFull Year Results
Man Group PLCFull Year Results
McBride PLCHalf Year Results
Morgan Advanced Materials PLCFull Year Results
Ocado Group PLCFull Year Results
Princess Private Equity Holding LtdFull Year Results
Rotork PLCFull Year Results
St James's Place PLCFull Year Results
S-Ventures PLCFull Year Results
Travis Perkins PLCFull Year Results
Uniphar PLCFull Year Results
Unite Group PLCFull Year Results
Videndum PLCFull Year Results
XP Power LtdFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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15 Feb 2023 16:05

CAP-XX launches ultra-thin supercapacitor

(Sharecast News) - CAP-XX announced the launch of the 'DMV750' ultra-thin 2.2mm prismatic 3V supercapacitor on Wednesday, for internet-of-things (IoT), medical and other mission-critical electronic devices.

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15 Feb 2023 09:05

Cap-XX launches 3V product targeting coin cell battery and IoT markets

(Alliance News) - Cap-XX Ltd on Wednesday launched a new supercapacitor as part of its strategy of ongoing product development activities to address developments in the energy storage devices market.

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26 Jan 2023 14:24

IN BRIEF: Cap-XX shares plummet as interim revenue drops 34%

Cap-XX Ltd - Sydney-based maker of ultra-thin prismatic and cylindrical supercapacitors - Reports revenue of AUD1.6 million in the first half to December 31, down 34% from AUD2.4 million a year ago. Company notes supply chain bottlenecks especially in China, as well as a global shortage of integrated circuits, which affects its customer order volumes. Further, notes impact of the war in Ukraine and rising interest rates and energy prices. Adjusted half-year loss before interest, tax, depreciation and amortisation is expected at AUD966,000, widened from AUD305,000. Sales order book grows 41% since December 31, 2022. Sales pipeline grows 8.3% to USD65 million annually as at December 31, from USD60 million at June 30. Cap-XX will release its interim results on February 28.

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13 Dec 2022 16:50

TRADING UPDATES: Longboat Energy extends loan for drilling programme

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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2 Dec 2022 19:33

TRADING UPDATES: Time Out eyes Riyadh; MTI Wireless wins deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued this week and not separately reported by Alliance News:

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23 Nov 2022 12:45

IN BRIEF: Australian tax office approves Cap-XX tax rebate

Cap-XX Ltd - Sydney-based maker of ultra-thin prismatic and cylindrical supercapacitors - Notes Australian Tax Office has approved the company's research & development tax rebate, amounting to AUD2.1 million. The funds have been received by the company. Last year, the tax rebate amounted to AUD3.2 million.

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15 Nov 2022 21:55

TRADING UPDATES: Zephyr Energy ups revenue outlook; Cap-XX wins order

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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3 Nov 2022 18:18

TRADING UPDATES: Gulf Marine wins deal; Kitwave trades in-line

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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27 Oct 2022 16:19

UK shareholder meetings calendar - next 7 days

Friday 28 October 
ITM Power PLCAGM
Kibo Energy PLCAGM
Mattioli Woods PLCAGM
Shepherd Neame LtdAGM
Tirupati Graphite PLCAGM
The Investment Co PLCAGM
Monday 31 October 
Aberforth Split Level Income Trust PLCAGM
B&M European Value Retail SAGM appointment of directors
Brown Advisory US Smaller Cos PLCAGM
City of London Investment Group PLCAGM
GSTechnologies LtdAGM
London Finance & Investment Group PLCAGM
M&C Saatchi PLCGM re takeover offer from Next Fifteen Communications
Springfield Properties PLCAGM
Superdry PLCAGM
Tavistock Investments PLCAGM
Time Finance PLCAGM
TruSpine Technologies PLCAGM
Tuesday 1 November 
Allied Minds PLCGM delisting of shares
Capita PLCGM re disposal of Pay360 Ltd
Countryside Partnerships PLCGM admission of the New Vistry Shares
JPMorgan Mid Cap Investment Trust PLCAGM
KR1 PLCAGM
Ikigai Ventures LtdAGM
Murray Income Trust PLCAGM
OPG Power Ventures PLCAGM
VietNam Holding LtdAGM
Vistry Group PLCGM Countryside acquisition
Wednesday 2 November 
Hansard Global PLCAGM
IDE Group Holdings PLCAGM
Malvern International PLCGM share reorganization
MiLOC Group LtdAGM
NCC Group PLCAGM
Silverwood Brands PLCGM new ordinary shares
Thursday 3 November 
Amte Power PLCAGM
Arc Minerals LtdAGM
Cap-XX LtdAGM
Darktrace PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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