Samsung Inks $150 Million Deal to End Nanoco LED Patent Suit (1)

Samsung Electronics Co. has agreed to pay $150 million to end Nanoco Technologies Ltd.'s lawsuit accusing it of infringing five television display patents, Nanoco’s litigation funding partner announced Friday.

According to a statement from GLS Capital, Samsung signed the nine-figure deal “that includes a license agreement and the transfer of certain patents.”

“We were proud to support Nanoco in obtaining the recognition and compensation they deserve for their fundamental inventions,” said Adam Gill, GLS Capital managing director, in a statement. “Nanoco is a true pioneer in its field. Its foundational technology allows quantum dots to be made without the use ...