By Matteo Castia

Shares in Nanoco Group PLC rose Wednesday after the company said that a Texas court has issued a report in which it upholds Nanoco's views regarding most phrases and interpretations in the company's patent litigation against Samsung.

The U.K. nanomaterials group said the judge rejected four of the five constructions proposed by Samsung and rejected one of the constructions proposed by Nanoco.

"In four of the five patents in the case, Nanoco's constructions were upheld and in the fifth patent Nanoco and Samsung each had one construction upheld," the company said.

In February 2020, the company filed a patent infringement lawsuit against various Samsung entities in the U.S. District Court for the Eastern District of Texas.

Shares at 0730 GMT were up 3.35 pence, or 13%, at 29.00 pence.

Write to Matteo Castia at matteo.castia@dowjones.com

(END) Dow Jones Newswires

May 12, 2021 03:55 ET (07:55 GMT)

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