The recent positive developments in Nanoco’s patent infringement lawsuit against Samsung in the US, highlight the possibilities for universities, their technology transfer offices or spin-outs to realise the value of their inventions and protect their intellectual property from the predatory clutches of Big Tech.
In short, Nanoco claimed that the South Korean company used its patent-protected cadmium-free quantum dot technology in its QLED TVs without its permission. Quantum dot technology is used in displays to improve picture quality and sharpness. Cadmium is a toxic metal that has been banned across the EU for many years.
Reports in the media suggest that the Manchester University spin-out could bank up to $500 million from the settlement with Samsung – a game-changing outcome for any university or related entity.
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.