Litigation Update

RNS Number : 0515O

Nanoco Group PLC

07 June 2022

 

FOR IMMEDIATE RELEASE                                                                                 7 June 2022

Nanoco Group PLC

( " Nanoco, the " Group", or the " Company")

Litigation Update

Texas Trial Stay Lifted - Trial to follow shortly thereafter

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 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 effectively settled the issue of validity emphatically in Nanoco's favour. So we are still 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                                                                                                                [phone]

Liam Gray, CFO & Company Secretary  [phone]

Peel Hunt:

Edward Knight  [phone]

James Smith

Turner Pope Investments (Joint Corporate Broker):

Andrew Thacker      [phone]

James Pope

MHP Communications :                                                                                                     [phone]

Reg Hoare

Pete Lambie

Charlie Protheroe

[e-mail]

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™ 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®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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