Nanoco & Samsung settle patent dispute over LED TVs just before trial

Samsung Electronics Co and British nanotechnology company Nanoco Technologies Ltd told an East Texas federal court Friday that they have settled Nanoco’s patent lawsuit over Samsung’s QLED televisions the same day a jury trial was set to begin.

The companies asked the court to halt the lawsuit over Samsung’s alleged infringement of Nanoco patents covering “quantum dot” technology for LED displays.

Nanoco said in a statement Friday that the companies had reached a “no-fault” settlement. It did not disclose any financial terms.

Nanoco Group PLC (LON:NANO) leads the world in the research, development and large-scale manufacture of heavy metal-free nanomaterials for use in displays, lighting, vertical farming, solar energy and bio-imaging.

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