Samsung agrees to pay $150m to Nanoco following patent dispute

Samsung has agreed to pay UK nanotechnology company Nanoco $150m in a dispute over patents used in QLED televisions that featured legal teams from global giant Kirkland & Ellis and top 100 US firm Mintz Levin.

According to a statement released by Nanoco on 3 February, the settlement includes a ‘global, perpetual, fully paid up licence agreement’ and the transfer of a number of ‘non-core’ patents from Nanoco to Samsung; it also ends all global litigation with Samsung, which was advised by Kirkland and Gillam & Smith. 

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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