Samsung Electronics has agreed to pay $150 million to Nanoco in settlement for a patent lawsuit over a technology used in Samsung’s quantum-dot LED TV, a litigation finance firm for the British company has said.
GLS Capital announced the two parties reached the settlement shortly before the start of the trial on January 6 to end the litigation, according to a joint press release by GLS Capital and Nanoco.
The settlement includes a license agreement and the transfer of “certain patents” and settles all related proceedings in the US, Germany and China, the release said, without providing further details, reports Yonhap news agency.
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.
