CIT issues proceedings against Uni-Pixel Displays

RNS Number : 9731T

Carclo plc

20 December 2012

 



20 December 2012

Carclo plc

CIT issues proceedings against Uni-Pixel Displays

Carclo plc's wholly owned UK subsidiary, Conductive Inkjet Technology Limited ("CIT"), has issued proceedings in the English High Court against Uni-Pixel  Displays, Inc. ("Uni-Pixel") (NASDAQ: UNXL), a developer of performance engineered films with its headquarters and operations in Texas, USA.

In proceedings issued and notified to Uni-Pixel in June 2012 and served in December 2012, CIT's claims are for breach of contract, breach of confidence, and patent entitlement. The basis of the claim is CIT's belief that Uni-Pixel has made unauthorised use of confidential CIT know-how, relating to the formulation and use of catalytic inks and metallisation technology in touch screen applications, in the development of its own metal mesh process and products (which it calls "UniBoss™") and related patents it has filed (or been issued) on these processes. CIT know-how in that field was disclosed to Uni-Pixel with CIT's consent as part of a project with a development partner, but CIT only permitted Uni-Pixel to use that know-how in relation to a different field of use, unrelated to touch screen sensors. CIT believes that Uni-Pixel has breached the restrictions imposed in respect of its use of that know-how.

CIT is seeking injunctive relief against Uni-Pixel to deprive it of the unfair head-start in its development efforts which CIT believes it to have gained from unauthorised use of CIT know-how, plus damages.

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Enquiries:
Carclo plc	01924 268040
Ian Williamson, Chief Executive
Robert Brooksbank, Finance Director
Weber Shandwick Financial	020 7067 0700
Nick Oborne / Stephanie Badjonat / Robert Cook

Notes to editors

Carclo plc is a technology led plastics group. It is a public company whose shares are quoted on the London Stock Exchange.

Approximately three fifths of sales are derived from the supply of fine tolerance, injection moulded plastic components, which are used in medical, optical and electronics products. This business, Carclo Technical Plastics, operates internationally in a fast growing and dynamic market underpinned by rapid technological development.

Approximately two fifths of sales are derived from the supply of specialised precision components to the premium automotive and aerospace industries and LED optics for a wide range of end applications. Carclo is a leader in the development of high power LED lighting for supercars.

Carclo's strategy is to develop new technologies and products to drive future growth. Its investment in Conductive Inkjet Technology is at the heart of the newly emerging market for very low cost printed electronics.

 

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