TIDMNANO
RNS Number : 0565O
Nanoco Group PLC
07 June 2022
The following amendment has been made to the 'Litigation Update'
announcement released on 07 June 2022 at 16:55 under RNS No 0515O.
A sentence was omitted: "
The Judge rejected Samsung's request for a further delay and
ruled in favour of Nanoco to lift the stay" and the title now
reads: "jury selection commences 12 September 2022"
FOR IMMEDIATE RELEASE
7 June 2022
Nanoco Group PLC
( " Nanoco, the " Group", or the " Company")
Litigation Update
Texas Trial Stay Lifted - jury selection commences 12 September
2022
Nanoco Group plc (LSE: NANO), a world leader in the development
and manufacture of cadmium-free quantum dots and other specific
nanomaterials emanating from its technology platform, announces an
update to its litigation against Samsung for the willful
infringement of the Group's IP.
His Honour, Judge Gilstrap, has lifted the stay on the trial to
be held in Texas. The Judge rejected Samsung's request for a
further delay and ruled in favour of Nanoco to lift the stay. The
pre-trial conference date has been set for 16 August 2022 and jury
selection has been set for 12 September 2022. The trial is expected
to follow shortly thereafter.
Brian Tenner, Chief Executive Officer of Nanoco Group plc,
said:
"We were ready and confident to go to trial in September 2021.
We won all 47 of our claims examined by the Patent Trial and Appeal
Board in May 2022. This settled the issue of validity emphatically
in Nanoco's favour. So we are ready and even more confident to go
to trial in September 2022.
"The trial can now focus on the issue of Samsung's alleged
wilful infringement and the appropriate level of damages. We remain
convinced of the strength of our case and that a favourable trial
outcome will deliver a substantial inflection point for Nanoco's
prospects and shareholder value."
- Ends -
For further information, please contact:
Nanoco Group PLC :
Brian Tenner, CEO
+44 (0) 161 603 7900
Liam Gray, CFO & Company Secretary +44 (0) 161 603 7900
Peel Hunt (Joint Corporate Broker):
Edward Knight
+44 (0) 20 7418 8900
James Smith
Turner Pope Investments (Joint Corporate Broker):
Andrew Thacker
+44 (0) 20 3657 0050
James Pope
MHP Communications :
+44 (0) 203 128 8990
Reg Hoare
Pete Lambie
Charlie Protheroe
nanoco@mhpc.com
The person responsible for arranging for the release of this
announcement on behalf of Nanoco is Liam Gray, Company
Secretary.
MAR
This Announcement contains inside information for the purposes
of article 7 of the Market Abuse Regulation (EU) 596/2014 which is
part of UK law by virtue of the European Union (withdrawal) Act
2018. Upon the publication of this announcement via a Regulatory
Information Service, this inside information will be considered to
be in the public domain.
FORWARD LOOKING STATEMENTS
This announcement (including information incorporated by
reference in this announcement) and other information published by
Nanoco may contain statements about Nanoco that are or may be
deemed to be forward looking statements. Such statements are
prospective in nature. All statements other than historical
statements of facts may be forward looking statements. Without
limitation, statements containing the words "targets", "plans",
"believes", "expects", "aims", "intends", "will", "may",
"anticipates", "estimates", "projects" or "considers" or other
similar words may be forward looking statements.
Forward looking statements inherently contain risks and
uncertainties as they relate to events or circumstances in the
future. Important factors such as business or economic cycles, the
terms and conditions of Nanoco's financing arrangements, tax rates,
or increased competition may cause Nanoco's actual financial
results, performance or achievements to differ materially from any
forward looking statements. Due to such uncertainties and risks,
readers are cautioned not to place undue reliance on such forward
looking statements, which speak only as of the date hereof. Nanoco
disclaims any obligation to update any forward looking or other
statements contained herein, except as required by applicable
law.
Notes for editors:
About Nanoco Group plc
Nanoco (LSE: NANO) harnesses the power of nano-materials.
Nano-materials are materials with dimensions typically in the range
1 - 100 nm. Nano-materials have a range of useful properties,
including optical and electronic. Quantum dots are a subclass of
nano-material that have size-dependent optical and electronic
properties. The Group produces quantum dots and other
nano-materials. Within the sphere of quantum dots, the Group
exploits different characteristics of the quantum dots to target
different performance criteria that are attractive to specific
markets or end-user applications such as the Display, Sensor and
Electronics markets. An interesting property of quantum dots is
their absorption spectrum. Nanoco's HEATWAVE(TM) quantum dots can
be tuned to absorb light at different wavelengths across the
near-infrared spectrum, rendering them useful for applications
including image sensors. Another interesting property of quantum
dots is photoluminescence: the emission of longer wavelength light
upon excitation by light of a shorter wavelength. The colour of
light emitted depends on the particle size. Nanoco's CFQD(R)
quantum dots are free of cadmium and other toxic heavy metals, and
can be tuned to emit light at different wavelengths across the
visible and infrared spectrum, rendering them useful for a wide
range of applications including displays, lighting and biological
imaging.
Nanoco was founded in 2001 and is headquartered in Manchester,
UK, with a US subsidiary, Nanoco Inc., in Concord, MA. Nanoco
continues to build out a world-class, patent-protected IP portfolio
generated both by its own innovation engine, as well as through
acquisition.
Nanoco is listed on the Main Market of the London Stock Exchange
and trades under the ticker symbol NANO. For further information
please visit: www.nanocotechnologies.com.
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