Business
Stay of Shoei Litigation
Nanoco Group PLC has entered into a binding term sheet with Shoei Chemical Inc. and Shoei Electronic Materials, Inc. to stay ongoing litigation, with no compensation payable by either party and each party responsible for their own costs. This agreement includes Nanoco covenanting not to sue Shoei and its associates for use of Nanoco's Quantum Dot patents in the display field, while Shoei covenants not to sue Nanoco and its associates for use of Shoei's QD patents in the sensing field, with both parties agreeing to negotiate a definitive agreement. Disclaimer*
About this update from Nanoco Group Plc
[{"type":"text","content":"\n\nFOR IMMEDIATE RELEASE 19 March 2026\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (596/2014/EU) AS THE SAME HAS BEEN RETAINED IN UK LAW AS AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) (\"UK MAR\").\nNanoco Group PLC\n(\"Nanoco\", the \"Group\", or the \"Company\")\n \nStay of Shoei Litigation\n \nNanoco 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, confirms that it has submitted a joint motion with Shoei Chemical Inc. and Shoei Electronic Materials, Inc. (collectively, \"Shoei\") to stay the ongoing litigation between Shoei and Nanoco following a binding term sheet being agreed between the parties.\nThe term sheet details that no compensation will be payable by either party, and both parties will be responsible for their own costs incurred. Pursuant to the term sheet, among other things, Nanoco covenants not to sue Shoei, its customers, and suppliers for use of Nanoco's Quantum Dot (\"QD\") patents for the display field, and Shoei covenants not to sue Nanoco, its customers, and suppliers for use of Shoei's QD patents for the sensing field. The parties have agreed in good faith to negotiate an agreement reflecting the term sheet as well as other deal terms. All other terms of the term sheet are confidential.\n \n- Ends -\nMAR\nThe information contained within this announcement is considered by the Company to contain inside information for the purposes of UK MAR. Upon the publicatio...