Nanoco Group PLC, a developer of cadmium-free quantum dots, announced a settlement agreement with LG Electronics Inc. resolving a patent infringement lawsuit.
The agreement stipulates that LG will pay Nanoco a gross amount of $5 million. After deducting litigation costs of approximately $0.6 million, Nanoco will realize a net gain of $4.4 million. Other terms of the settlement remain confidential.
Nanoco announced the patent infringement lawsuit against LG in April, alleging infringement of several U.S. patents related to its quantum dot synthesis technology. The patents in question were U.S. Patent No.’s: 7,588,828; 7,803,423; 7,867,557; 8,524,365.
Interested in investing after today’s move?
XTB gives investors access to thousands of UK and international stocks,
including fractional shares from just £1.
Explore stocks with XTB →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
Want to invest in the stocks making the news?
Go from following the market to investing in it, with access to thousands
of stocks across major UK and international markets.
See available stocks →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
Own the stocks you’re reading about
Invest in real shares across the UK, US and other major global markets
through XTB, all from one investment account.
Explore XTB shares →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
You don’t need to buy a whole share
Fractional shares let you invest from just £1, giving you more control
over how much you put into individual companies.
Explore fractional shares →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
Want to see how XTB works first?
Explore the platform with an XTB demo account before deciding whether
you want to invest with real money.
Try the XTB demo →
Your capital is at risk. The value of your investments may go up or down. Past performance is not a reliable indicator of future performance.
This settlement removes a significant legal uncertainty hanging over Nanoco.
The markets will likely focus on how Nanoco intends to deploy this capital. Potential uses include reinvestment in research and development, strengthening their patent portfolio, or pursuing new market opportunities.
The settlement also sets a precedent for Nanoco’s willingness to defend its intellectual property, which could deter future infringement.
Searching for the Perfect Broker?
Discover our top-recommended brokers for trading or investing in financial markets. Dive in and test their capabilities with complimentary demo accounts today!
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY
