Nanoco Group Texas trial stay lifted

Nanoco Group

Nanoco Group plc (LON:NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from its technology platform, has announced 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.”

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