TIDMNANO
RNS Number : 7223T
Nanoco Group PLC
29 March 2021
29 March 2021
NANOCO GROUP PLC
("Nanoco", the "Company" or the "Group")
Litigation Update
Nanoco Group plc (LSE: NANO), a world leader in the development
and manufacture of cadmium-free quantum dots and other specific
nanomaterials emanating from its technology platform, announces an
update on its litigation against Samsung for the alleged wilful
infringement of the Group's IP.
On 17 February 2020, the Group announced that it had filed a
patent infringement lawsuit against various Samsung entities in the
United States District Court for the Eastern District of Texas.
As part of the normal judicial process, the claim construction
hearing (also known as a 'Markman' hearing) was held on 26 March
2021. A Markman hearing establishes the Court's interpretation of
certain words or phrases pertinent to the patents and the case. The
Court was asked to construe the meanings of five different words or
terms used in the patents that Nanoco alleges Samsung has
infringed. These definitions can be important to either side's
arguments but not necessarily so. The Judge's final written report
on the Markman hearing is expected before the end of May 2021.
Separately, the Patent Trial and Appeal Board is expected to
rule in May 2021 on whether or not it will grant Samsung's request
to institute inter partes reviews ('IPRs') of the five patents in
the case. This is a parallel process which examines the validity of
the patents themselves. If instituted, an IPR process can take 12
months. To succeed in the case, Nanoco needs to win the IPRs and
the trial.
A trial date for the jury hearing into the alleged wilful
infringement of the Group's IP by Samsung has been set for October
2021, though this may yet be subject to delay.
Brian Tenner, Chief Executive Officer of Nanoco Group plc,
said:
" Our lawsuit against Samsung for the alleged wilful
infringement of Nanoco's IP is progressing well and we are pleased
that a trial date has been set for October 2021. We are also
pleased with the initial indications arising from last week's
hearing and will review the final written report when it is
received. Although there can be no certainty as to the outcome, the
Samsung litigation could result in a very substantial settlement in
our favour."
- Ends -
For further information, please contact:
Nanoco Group PLC : +44 (0) 161 603 7900
Brian Tenner, CEO
Liam Gray, Company Secretary
Caroline Watson, Investor Relations Manager
cwatson@nanocotechnologies.com
Peel Hunt: +44 (0) 20 7418 8900
Edward Knight
Nick Prowting
James Smith
MHP Communications : +44 (0) 203 128 8788
Reg Hoare
Giles Robinson
Pete Lambie
nanoco@mhpc.com
FORWARD LOOKING STATEMENTS
This announcement (including information incorporated by
reference in this announcement), and other information published by
Nanoco may contain statements about Nanoco that are or may be
deemed to be forward looking statements. Such statements are
prospective in nature. All statements other than historical
statements of facts may be forward looking statements. Without
limitation, statements containing the words "targets", "plans",
"believes", "expects", "aims", "intends", "will", "may",
"anticipates", "estimates", "projects" or "considers" or other
similar words may be forward looking statements.
Forward looking statements inherently contain risks and
uncertainties as they relate to events or circumstances in the
future. Important factors such as business or economic cycles, the
terms and conditions of Nanoco's financing arrangements, tax rates,
or increased competition may cause Nanoco's actual financial
results, performance or achievements to differ materially from any
forward looking statements. Due to such uncertainties and risks,
readers are cautioned not to place undue reliance on such forward
looking statements, which speak only as of the date hereof. Nanoco
disclaims any obligation to update any forward looking or other
statements contained herein, except as required by applicable
law.
Notes for editors:
About Nanoco Group plc
Nanoco (LSE: NANO) harnesses the power of nano-materials.
Nano-materials are materials with dimensions typically in the range
1 - 100 nm. Nano-materials have a range of useful properties,
including optical and electronic. Quantum dots are a subclass of
nano-material that have size-dependent optical and electronic
properties. The Group produces quantum dots and other
nano-materials. Within the sphere of quantum dots, the Group
exploits different characteristics of the quantum dots to target
different performance criteria that are attractive to specific
markets or end-user applications such as the Display, Sensor and
Electronics markets. An interesting property of quantum dots is
their absorption spectrum. Nanoco's HEATWAVE(TM) quantum dots can
be tuned to absorb light at different wavelengths across the
near-infrared spectrum, rendering them useful for applications
including image sensors. Another interesting property of quantum
dots is photoluminescence: the emission of longer wavelength light
upon excitation by light of a shorter wavelength. The colour of
light emitted depends on the particle size. Nanoco's CFQD(R)
quantum dots are free of cadmium and other toxic heavy metals, and
can be tuned to emit light at different wavelengths across the
visible and infrared spectrum, rendering them useful for a wide
range of applications including displays, lighting and biological
imaging.
Nanoco was founded in 2001 and is headquartered in Manchester,
UK, with a US subsidiary, Nanoco Inc., in Concord, MA. Nanoco
continues to build out a world-class, patent-protected IP portfolio
generated both by its own innovation engine, as well as through
acquisition.
Nanoco is listed on the Main Market of the London Stock Exchange
and trades under the ticker symbol NANO. For further information
please visit: www.nanocotechnologies.com .
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