Nanoco ends legal action against Shoei over alleged IP breach

Nanoco, Runcorn nano-material firm, stays litigation – Northern Financial Review

Runcorn nano-material firm Nanoco Group plc announced that it has submitted a joint motion with Shoei Chemical Inc. and Shoei Electronic Materials, Inc. to stay the ongoing litigation between Shoei and Nanoco following a binding term sheet being agreed between the parties. The 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, am…

Nanoco ends legal action against Shoei over alleged IP breach

Manchester University spinout Nanoco Group plc has ended its planned legal action against Shoei Chemical Inc. and Shoei Electronic Materials. The listed Runcorn firm develops and manufactures cadmium-free quantum dots and other nanomaterials. These are used in monitors, TVs and infra-red sensors. Last year the manufacturer of quantum dots settled a separate legal case with South Korean multinational electronics corporation LG Technologies over a…