Nanoco Group plc (LON:NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from its technology platform, has announced that a term sheet for a no fault settlement of the current litigation has been agreed between Nanoco and Samsung.
The Parties now have 30 days to agree the detailed terms of a binding agreement.
The Parties have therefore jointly requested a stay to the trial that was scheduled to commence on Friday 6 January 2023 in order to allow the detailed terms of a binding agreement to be finalised.
The Company expects to issue a further update on completion of the final binding agreement within the next 30 days.
