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CAP-XX – from patent infringement action “optimistic of the company's prospects” last year to now not even appealing the verdict against it!

By Steve Moore | Monday 19 February 2024

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Having been “optimistic of the company's prospects in this matter” of a patent infringement action against now Tesla subsidiary Maxwell Technologies, supercapacitors and energy management systems company CAP-XX (CPX) announced in December that “the jury has affirmed that CAP-XX patents were invalid… Whilst CAP-XX is disappointed with this decision, it is in discussions with its attorneys to agree the appropriate next steps.  While… focus on the key short-term actions to maximise sales and deliver profitability”. So what of now from the company a “Cessation of appeals process”-titled announcement?
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