Australian battery-technology firm CAP-XX has mentioned that it’ll “strenuously defend” itself towards an mental property criticism newly filed by Tesla in a Texas federal court docket.
CAP-XX posted an ‘Replace on Patent Infringement’ discover through the London Inventory Change final week with particulars concerning each its personal ongoing declare towards Maxwell Applied sciences Inc., now a completely owned subsidiary of Tesla Inc., first lodged in a Delaware court docket in 2018, and the brand new case now being introduced towards CAP-XX by Tesla.
Tesla’s submitting towards CAP-XX has prompted questions on Tesla CEO Elon Musk’s 2014 pledge to not “provoke patent lawsuits towards anybody who, in good religion, needs to make use of our know-how”. Nonetheless, it was CAP-XX which first sued Maxwell Applied sciences in 2018, albeit earlier than Tesla acquired the corporate in 2019.
Each instances seem to narrate to patents associated to supercapacitors, a element that shops power in electrical automobile batteries.
Relating to the unique case in Delaware, CAP-XX has mentioned that its board “stays optimistic” of the corporate’s “prospects on this matter” which was not too long ago pushed again from July 24, 2023 to December 11, 2023, as a result of passing away of an skilled witness for Maxwell.
CAP-XX has individually mentioned that with licensing “an necessary income stream” for the corporate it “continues to vigorously defend its mental property”.
This contains one other case introduced by CAP-XX within the Delaware District Court docket the place Ioxus was discovered chargeable for infringing patents with US $4.95m plus authorized charges awarded to CAP-XX, per the corporate’s 2021 annual report.
CAP-XX is a self-described “world chief” within the design and manufacture of skinny, flat supercapacitors. The corporate is listed on the London Inventory Change AIM market, and is included, with headquarters and manufacturing in Australia. The corporate introduced it had raised some 2.68million GBP in a retail provide in Might this yr.
Tesla acquired Maxwell Applied sciences in 2019, reportedly as a result of an curiosity within the firm’s mental property’s functions for the Tesla Cybertruck, which is but to have an official launch date per Tesla’s newest Q2 earnings name as the corporate continues to carry collectively the quite a few new applied sciences wanted to make it.