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 | 18.40p |
Change Today | -0.45p |
% Change | -2.39 % |
52 Week High | 23.40 |
52 Week Low | 15.60 |
Volume | 938,635 |
Shares Issued | 193.14m |
Market Cap | £35.54m |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
No dividends found |
Time | Volume / Share Price |
17:08 | 400,000 @ 18.40p |
16:35 | 31,908 @ 18.40p |
16:35 | 20,000 @ 18.40p |
16:35 | 4,951 @ 18.40p |
16:35 | 4,797 @ 18.40p |
You are here: research