REG - Nanoco Group PLC - Litigation Update – Revised Trial Date

NanocoAnnouncement

07/09/2022 16:00

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RNS Number : 6639Y  Nanoco Group PLC  07 September 2022

FOR IMMEDIATE
RELEASE
                                7 September
2022

Nanoco Group PLC

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

 

Litigation Update - Revised 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 revised
the trial schedule for cases in the Eastern District of Texas, and accordingly
the case between Nanoco and Samsung will be re-scheduled.

 

The trial between Nanoco and Samsung had been scheduled to start on 12
September 2022. As is the usual practice, the court had scheduled a number of
trials for the same date given that, historically, the majority of cases
settle before trial.

 

The court has now advised that another case that was scheduled to go to trial
on 12 September 2022 will now go forward as scheduled. The Company understands
that the next scheduled date for trials in the Eastern District of Texas,
Marshall Division, is 3 October 2022. However, no scheduling order or priority
of cases has been set as yet for 3 October 2022.

 

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

"This change in court date is one minor downside to the system in Texas that
delivers trials and outcomes at a much faster rate than most other
jurisdictions in the US.

 

"We will remain patient. Our team of witnesses and advisers were primed and
ready for a trial on 12 September 2022. The same will be equally true on 3
October or any date thereafter that our case is set first in the court
schedule."

- 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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