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Here’s Why Cap-XX Ltd Share Price Rallied 47% Higher Today

Updated 21 Aug 2020

Cap-XX Limited Plc (LON: CPX) shares rallied 47% higher today after the company was awarded $4.9 million by a US District Court in Delaware after winning a patent infringement case against Ioxus, Inc.

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The company manufactures supercapacitors that are used in energy storage, automotive, Smart Watches, Smart Electric Meters and Medical Devices and has developed patented cutting edge technologies that were infringed upon by Ioxus.

The supercapacitors produced by Cap-XX are the world’s thinnest and highest density supercapacitors, and it boasts of a global clientele. Ioxus is an American manufacturer of supercapacitors.

Cap-XX Limited share price

Tradingview chart of CPX share price 21082020

CPX shares today surged 47% higher to trade at 5.0p having ended yesterday’s session trading at 3.40p.