By Iain Gilbert
Date: Friday 06 Jan 2023
LONDON (ShareCast) - (Sharecast News) - Nanomaterials manufacturer Nanoco Group has agreed to a term sheet for a no fault settlement with tech giant Samsung regarding the current IP infringement litigation between the two.
Nanoco said on Friday that it and Samsung had jointly requested a stay to a trial scheduled to commence on 6 January in order to allow detailed terms of a binding agreement to be finalised.
The London-listed company expects to issue a further update upon completion of a final binding agreement between the pair within the next 30 days.
A pre-trial conference got underway in Texas back in August 2022, with Nanoco accusing Samsung of "willful infringement" of its intellectual property.
As of 0850 GMT, Nanoco shares had surged 61.91% to 68.97p.
Reporting by Iain Gilbert at Sharecst.com
Email this article to a friend
or share it with one of these popular networks:
Currency | UK Pounds |
Share Price | 19.50p |
Change Today | -0.51p |
% Change | -2.55 % |
52 Week High | 23.40 |
52 Week Low | 15.60 |
Volume | 1,294,201 |
Shares Issued | 194.89m |
Market Cap | £38.00m |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
No dividends found |
Time | Volume / Share Price |
16:35 | 27,241 @ 19.50p |
16:35 | 546 @ 19.50p |
16:35 | 6,458 @ 19.50p |
16:35 | 4,070 @ 19.50p |
16:35 | 9,312 @ 19.50p |
You are here: research