Maxwell Technologies, Inc. (Nasdaq: MXWL), a leading developer and manufacturer of ultracapacitor products, has filed a patent infringement lawsuit against Nesscap Co., an ultracapacitor manufacturer based in Korea. The lawsuit alleges that Nesscap’s ultracapacitors infringe Maxwell’s patented intellectual property. Maxwell is seeking monetary damages and an injunction to stop Nesscap’s sales of infringing products. Maxwell is represented in the lawsuit by Morrison & Foerster LLP.
“Maxwell has invested millions of dollars and many years of research developing our ultracapacitor technology and securing patent protection for those innovations,” said Dr. Richard Balanson, Maxwell’s president and chief executive officer. “Nesscap has shown by its conduct that it will attempt to gain market share with customers that have been converted to the use of ultracapacitors by Maxwell’s innovative technology, and, in the process, infringe our intellectual property. We have examined Nesscap’s ultracapacitors and determined that they infringe our intellectual property, and are therefore vigorously enforcing our legal rights to protect our investment.”
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