Nanoco and Samsung agree a no fault settlement of the current litigation

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Nanoco Group PLC

More articles like this

Nanoco Group PLC

Nanoco to return up to £30m to shareholders

Nanoco is to use £33m from the proceeds from its successful litigation against Samsung to buy up its own shares. Nanoco’s board is to conduct a Tender Offer to return up to £30m to shareholders and

Nanoco Group PLC

The fascinating world of Quantum Dots

Quantum dots are nanoscale semiconductor particles that have unique optical and electronic properties due to their quantum mechanical characteristics. The size and shape of these quantum dots can be finely tuned to control their color and optical properties, making

Nanoco Group PLC

Understanding Quantum Dots: Excitement in the patent world

In the world of science, there exists a realm so tiny, yet so powerful, known as “Quantum dots.” It challenges our conventional understanding of materials and light. These minuscule structures exhibit properties distinct from those observed

Nanoco Group PLC

Revolutionising solar energy storage with Quantum Dots

Quantum dots have the potential to revolutionize solar energy storage systems and green hydrogen production. Their unique properties enable them to absorb a wider range of light wavelengths, increasing solar cell efficiency and paving the way