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CAP-XX confirms product launch by Murata

By BFN News | 08:20 AM | Wednesday 29 June, 2016


Murata has launched a thin laminate energy product for wearable devices utilising CAP-XX's technology. This follows the extension of the scope of its licence agreement with Murata to include battery markets, announced in April. At 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. The 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. Murata 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. CAP-XX says royalty receipts from Murata under its supercapacitor licence agreement for the year to March 2016 were 275% ahead of the prior year. The Murata licence 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. It says the global lithium ion battery market, which was US$12b in 2012, is expected to exceed US$33b by 2019. At 8:20am: (LON:CPX) CAPXX Ltd share price was +0.6p at 4.98p Story provided by StockMarketWire.com

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