Nanoco Shares Fall After Samsung Gets Patent Review Amid Dispute
May 20 2021 - 4:32AM
Dow Jones News
By Adria Calatayud
Shares in Nanoco Group PLC fell Thursday after the company said
that the U.S. Patent Trial and Appeal Board has instituted reviews
of five of the company's patents which are the object of a dispute
with Samsung Electronics Co.
Nanoco, a U.K. nanomaterials group which in February filed a
patent-infringement lawsuit against various Samsung entities, said
Samsung had applied to the Patent Trial and Appeal Board requesting
the institution of "inter partes reviews" of each of the five
patents in the case to examine the validity of the patents.
Nanoco said the trial date for a jury hearing into the
patent-infringement case has been set for October, but that Samsung
may now seek to have this delayed until after the review process is
complete. This can take 12 months, excluding any potential appeals,
the company said.
Samsung didn't immediately respond to a request for comment.
"Our confidence in the robustness and credibility of Nanoco's
patents therefore remains unchanged with respect to the IPR process
and the parallel judicial process, with any potential extension to
the litigation timeframe underpinned by our third party litigation
funding," Nanoco Chief Executive Brian Tenner said.
Shares at 0754 GMT were down 7.6% at 22.50 pence, having earlier
fallen to a low of 21.50 pence.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
May 20, 2021 04:17 ET (08:17 GMT)
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