{"id":105208,"title":"Nanoco Group PLC (LON:NANO) Litigation Outcome – Settlement Agreed","publisher":"Share Talk","author":"sharetalk","published":"2023-01-06T09:27:06+00:00","modified":"2023-01-06T09:27:06+00:00","canonical_url":"https://www.share-talk.com/nanoco-group-plc-lonnano-litigation-outcome-settlement-agreed/","markdown_url":"https://www.share-talk.com/nanoco-group-plc-lonnano-litigation-outcome-settlement-agreed.md","json_url":"https://www.share-talk.com/nanoco-group-plc-lonnano-litigation-outcome-settlement-agreed.json","category":"B2B","categories":["B2B","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["agreement","binding","cadmium-free","Litigation","NANO","Nanoco","Platform","quantum","Samsung","Share Talk","TECHNOLOGY"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&ssl=1","format":"news","language":"en-GB","content":"**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 a term sheet for a no fault settlement of the current litigation has been agreed between Nanoco and Samsung (the “Parties”).\n\nThe Parties now have 30 days to agree the detailed terms of a binding agreement.\n\nThe Parties have therefore jointly requested a stay to the trial that was scheduled to commence on Friday 6 January 2023 in order to allow the detailed terms of a binding agreement to be finalised.\n\nThe Company expects to issue a further update on completion of the final binding agreement within the next 30 days.\n\n– Ends –\n\nFor further information, please contact:\n\n**Nanoco Group PLC :**\n\nBrian Tenner, CEO +44 (0)1928 761 404\n\nLiam Gray, CFO & Company Secretary"}