By Anthony O. Goriainoff

Shares in CAP-XX fell Tuesday after Tesla lodged a complaint against the company in the U.S. District Court, alleging that it infringed two patents, while a trial date for an existing patent infringement action against Maxwell Technologies was delayed.

Shares at 0938 GMT were down 0.28 pence, or 19%, at 1.15 pence.

The London-listed Australia-based maker of thin, prismatic supercapacitors said it intended to strenuously defend the action in relation to the Tesla matter, adding that it will make further announcements as appropriate.

The Maxwell trial date has been moved to Dec. 11 from July 24 due to an expert witness for Maxwell passing away, CAP-XX said.

"The CAP-XX board remains optimistic of the company's prospects in this matter," the company said.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

July 18, 2023 06:21 ET (10:21 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
Cap-xx (LSE:CPX)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024 Click aqui para mais gráficos Cap-xx.
Cap-xx (LSE:CPX)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024 Click aqui para mais gráficos Cap-xx.