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Nanoco has announced that it has filed a patent infringement lawsuit against Samsung. The lawsuit alleges that Samsung has wilfully infringed the patents relating to Nanoco’s unique synthesis and resin capabilities for quantum dots. Nanoco is seeking a permanent injunction from further acts of infringement and unspecified but significant monetary damages.
Written by
Nanoco Group |
Patent infringement lawsuit filed against Samsung |
Patent infringement |
Tech hardware & equipment |
17 February 2020 |
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Analysts
For the purposes of the Takeover Code, Edison Investment Research is deemed to be connected with Nanoco. Nanoco Group is a research client of Edison Investment Research Limited |
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Nanoco has announced that it has filed a patent infringement lawsuit against Samsung. The lawsuit alleges that Samsung has wilfully infringed the patents relating to Nanoco’s unique synthesis and resin capabilities for quantum dots. Nanoco is seeking a permanent injunction from further acts of infringement and unspecified but significant monetary damages.
Year end |
Revenue |
PBT* |
EPS* |
DPS |
P/E |
Yield |
07/18 |
3.3 |
(7.1) |
(2.6) |
0.0 |
N/A |
N/A |
07/19 |
7.1 |
(5.0) |
(1.8) |
0.0 |
N/A |
N/A |
07/20e |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Note: *PBT and EPS are normalised, excluding amortisation of acquired intangibles, exceptional items and share-based payments.
The statement describes how Nanoco and Samsung initially worked collaboratively developing cadmium-free quantum dots based on Nanoco’s IP. However, Samsung ended the collaboration and launched its quantum dot-based televisions without entering into a supply of licensing agreement with Nanoco. We note that in February 2012 Nanoco announced it had signed a commercial joint development agreement with a major electronics company in Asia in connection with the use of cadmium-free quantum dots in the electronics company's display products.
The company has engaged US based international IP law firm Mintz, Levin, Cohn, Ferris, Glovsky and Popeo to represent it in patent enforcement and litigation.
The statement also reiterates that the formal review of strategic options announced in November 2019 is ongoing, with a trade sale one potential outcome. We have removed our estimates in accordance with the Takeover Code.
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