Nanoco shares jumped on Friday after the company announced it reached a no fault settlement with Samsung relating to the infringement of Nanoco’s intellectual property.
Nanoco is the manufacturer of cadmium-free quantum dots with a broad range of applications including LED and security tagging.
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It was alleged Samsung had infringed a number of patents related to technology used in TV screens and Nanoco filed lawsuits in the US, Germany and China.
A term sheet for a no fault settlement has now been agreed and each party has 30 days to agree the details of a binding agreement.
Nanoco shares were 34% higher at the time of writing.