Member Info for Nanonano

I know you love a bit of AI TW.

Here’s what the google ai came up with

Based on the settlement announced on March 26, 2026, Nanoco will not receive royalties from Shoei for the use of its patents in the display field.

Here are the key details of the agreement:

No Compensation or Royalties: The settlement specifically stated that no compensation would be paid by either party, and it established a "truce" rather than a licensing deal.

Three-Year Truce: Both companies agreed to a three-year pause in patent litigation.

Cross-Licensing (Intellectual Property Exchange): The deal involves a division of markets:

Shoei can use Nanoco's patents for the display field.

Nanoco can use Shoei's patents for the sensing field.

Strategic Outcome: While there is no immediate cash inflow from royalties, the agreement removes legal uncertainty and secures a "cleared path" for Nanoco to focus on its core Joint Development Agreements (JDAs) in the sensing market.

In summary, the deal provides freedom to operate rather than a cash-royalty stream from Shoei.

Nanoco is a public company, with accounts published, and if there was income from royalties, investors will know. Or are you suggesting such income would be concealed?

Sub 5p I see, a new low.

‘There are a lot of unanswered questions around the Shoei litigation and settlement and its effect on the CDX process.’

True enough, doubtful we’ll receive any answers though.

They won’t have three years cash runway if they burn it up on legal fees. However with the Shoei agreement they haven’t really got anyone left to sue. So any future revenue will come through organic growth, which has eluded them in their 25 year history.

Hark you.

Still pushing the royalty angle? I guess it is 1st April. The discussions have concluded. No mention of royalties at all, looks like a quid pro quo between the two companies- e.g. don’t sue us, and we won’t sue you.

Tough talk from the board room about having the wherewithal to litigate against infringers is all well and good, but the reality is that such action is expensive and Nanoco can no longer afford it. They managed to take on Samsung with the financial muscle of a third party funded, but that won’t come again.

LG a much smaller settlement, further eroded by costs incurred by Shoei’s counter action. Was the LG action a misstep by the board I wonder?

On the information presented to investors the Shoei action did not look like win for Nanoco. Shoei wanted to stop Nanoco suing OEM’s for using their dots in display, and they have achieved that in return for not pursuing Nanoco over use of Shoei IP in sensors, something investors were never informed about.

The profit is chiefly the Samsung settlement strung out over a few years, but once that cash is gone, that is no more. We all know roughly when that runs out, and I believe any further revenue from display is just wishful thinking after the Shoei covenant.

When the Samsung dough dries up they're dependent on fresh income, expected to come from sensor materials. All I can say is that if Nanoco is expecting solid income from sensor materials in the next year or so, then they along with the wider supply chain are doing a superb job of keeping a lid on any leaks.

Usually someone whispers something by now, but I've not seen a peep.

With mothballed facilities in sensor materials alongside display a telltale would be a recruitment drive, but only seen a single vacancy at present for a QC technician. If they do start to scale how will that impact cash burn?

There’s always been loads of confidentiality surrounding Nanoco deals, none of which has amounted to anything material.

They’ll get diddly squat from Shoei going forwards, regardless of confidentiality you can’t keep payment off of public accounts, and you’ll see zip.

Why would they need to buy the cow when they’ve been given the milk for free?

What they’ve settled for is something that was never asked for in the first place. In fact the company has repeatedly pointed out how its patents protect the sensor IP, and then all of sudden they require IP from Shoei. That deserves an explanation of why and what they required, because it looks to have come at some considerable cost, both in terms of lost revenue in display and the legal costs which have probably taken a considerable chunk of what they obtained from the LG settlement.

It’s no victory, its failure, Nanoco’s failure.

JDA’s are hugely risky, and Nanoco does not have a good history with regards to converting them to commercial products.

Clearly the IP moat was not as effective as claimed at protecting investors interests. Too much money squandered on the tender offer to protect directors jobs has left Nanoco with insufficient funds to fight against much better funded competitors.

It’s as I expected, no royalty, simply an agreement not to sue one another going forward.

Ask I recall the former CEO was saying late last year that the company saw modest future value in display without a pivot towards newer technologies like microLED, which is still a long way from mass market adoption.

With that in mind, even if they do agree a royalty, which looks remote going by the last RNS, how much would it be worth anyway?

Comes across more like a fudge or an oversight on Nanoco’s part.

RNS went into reasonable detail about what the companies are not going to do, no compensation, no litigation etc. nothing about any royalties gong forwards though.

I don’t recall any mention of Nanoco requiring access to Shoei/Nanosys patents for sensor materials prior to the current RNS.

There is no visibility of further business, one swallow doesn’t make a summer. Display looks lost to Shoei, you believe there’ll be a royalty, but I don’t think so, but we’ll get to find out in due course.

Sensors are a maybe at present, and if the market does bear fruit someone may yet muscle in and swipe that market right from under their noses just like they did with display.

If this company was a good bet we’d be seeing more interest from larger institutions, Loam and co are long gone.

If you’re stating facts, then you should say the share price is where it is because they haven’t succeeded in creating a sustainable business model.

"So why would they start recruiting if they are finished??"

They have a high turnover of staff. A look at Glassdoor will reveal why.

Why do you think any money is going to exchange hands?

Shoei get to use Nanoco IP unchallenged in exchange for Nanoco getting to use Shoei/Nanosys IP unchallenged.

Begs the question why Nanoco need that never having mentioned such before, or whether this is simply bs face saving.