REG - Nanoco Group PLC - Litigation Update - Firm Trial Date

NanocoAnnouncement

09/12/2022 07:00

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RNS Number : 1387J  Nanoco Group PLC  09 December 2022

FOR IMMEDIATE
RELEASE
                                9 December 2022

Nanoco Group PLC

("Nanoco", the "Group", or the "Company")

 

Litigation Update - Firm Trial Date

 

Nanoco Group plc (LSE: NANO), a world leader in the development and
manufacture of cadmium-free quantum dots and other specific nanomaterials
emanating from its technology platform, announces that the Court has notified
Nanoco that the case between Nanoco and Samsung has been placed first in the
trial schedule that commences on Friday 6 January 2023.

 

As is the usual practice, the court has scheduled a number of trials for the
same date given that, historically, the majority of cases settle before trial.
However, the fact that the Nanoco trial has been set first in the schedule,
means that it is not dependent on other cases settling in order to proceed.

 

Brian Tenner, Chief Executive Officer of Nanoco Group plc, said:

"There are now no administrative or legal hurdles to the trial going ahead.
Assuming no settlement or other unforeseen event, we now expect to go to trial
on 6 January 2023.

 

"We have maintained our team of witnesses and advisers in a high state of
readiness for the last few months and this will continue until the trial is
complete. We still expect that the trial will last five working days and
therefore expect the jury to return a verdict around 12 January 2023."

 

- Ends -

 

For further information, please contact:

Nanoco Group PLC:

Brian Tenner, CEO
 
                                    +44 (0)1928 761 404

Liam Gray, CFO & Company Secretary

 

Peel Hunt (Joint Corporate Broker):

Paul
Gillam
+44 (0) 20 7418 8900

James Smith

 

Turner Pope Investments (Joint Corporate Broker):

Andrew Thacker
 
                                     +44 (0) 20 3657 0050

James Pope

 

MHP Communications:
 
                          +44 (0) 203 128 8570

Reg Hoare

Pete Lambie

nanoco@mhpc.com

 

The person responsible for arranging for the release of this announcement on
behalf of Nanoco is Liam Gray, Chief Financial Officer.

MAR

The information contained within this announcement is considered by the
Company to contain inside information for the purposes of UK MAR.  Upon the
publication of this announcement via a Regulatory Information Service, this
inside information will be considered to be in the public domain.

 

FORWARD LOOKING STATEMENTS

This announcement (including information incorporated by reference in this
announcement) and other information published by Nanoco may contain statements
about Nanoco that are or may be deemed to be forward looking statements.
Such statements are prospective in nature.  All statements other than
historical statements of facts may be forward looking statements.  Without
limitation, statements containing the words "targets", "plans", "believes",
"expects", "aims", "intends", "will", "may", "anticipates", "estimates",
"projects" or "considers" or other similar words may be forward looking
statements.

 

Forward looking statements inherently contain risks and uncertainties as they
relate to events or circumstances in the future.  Important factors such as
business or economic cycles, the terms and conditions of Nanoco's financing
arrangements, tax rates, or increased competition may cause Nanoco's actual
financial results, performance or achievements to differ materially from any
forward looking statements.  Due to such uncertainties and risks, readers are
cautioned not to place undue reliance on such forward looking statements,
which speak only as of the date hereof.  Nanoco disclaims any obligation to
update any forward looking or other statements contained herein, except as
required by applicable law.

 

Notes for editors:

About Nanoco Group plc

Nanoco (LSE: NANO) harnesses the power of nano-materials. Nano-materials are
materials with dimensions typically in the range 1 - 100 nm. Nano-materials
have a range of useful properties, including optical and electronic. Quantum
dots are a subclass of nano-material that have size-dependent optical and
electronic properties. The Group produces quantum dots and other
nano-materials. Within the sphere of quantum dots, the Group exploits
different characteristics of the quantum dots to target different performance
criteria that are attractive to specific markets or end-user applications such
as the Display, Sensor and Electronics markets. An interesting property of
quantum dots is their absorption spectrum. Nanoco's HEATWAVE™ quantum dots
can be tuned to absorb light at different wavelengths across the near-infrared
spectrum, rendering them useful for applications including image sensors.
Another interesting property of quantum dots is photoluminescence: the
emission of longer wavelength light upon excitation by light of a shorter
wavelength. The colour of light emitted depends on the particle size. Nanoco's
CFQD® quantum dots are free of cadmium and other toxic heavy metals, and can
be tuned to emit light at different wavelengths across the visible and
infrared spectrum, rendering them useful for a wide range of applications
including displays, lighting and biological imaging.

Nanoco was founded in 2001 and is headquartered in Runcorn, UK, with a US
subsidiary, Nanoco Inc., in Concord, MA. Nanoco continues to build out a
world-class, patent-protected IP portfolio generated both by its own
innovation engine, as well as through acquisition.

Nanoco is listed on the Main Market of the London Stock Exchange and trades
under the ticker symbol NANO. For further information please visit:
www.nanocotechnologies.com.

 

visit: www.nanocotechnologies.com.

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