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Nanoco Group PLC

Edison Flash Note: Nanoco Group

Nanoco Group (LON:NANO) has announced that it has filed a patent infringement lawsuit against Samsung. The lawsuit alleges that Samsung has wilfully infringed the patents relating to Nanoco’s unique synthesis and resin capabilities for quantum dots. Nanoco is seeking a permanent injunction from further acts of infringement and unspecified but significant monetary damages.

The statement describes how Nanoco and Samsung initially worked collaboratively developing cadmium-free quantum dots based on Nanoco’s IP. However, Samsung ended the collaboration and launched its quantum dot-based televisions without entering into a supply of licensing agreement with Nanoco.

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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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.