It turns out the legal battle between Canon, Inc. and Nano-Proprietary
had not reached an end quite yet. Canon
on May 4th that the case of brought against them by Nano-Proprietary, Inc.
was dismissed on May 3rd in Austin, Texas, and the jury returned a verdict
stating that Nano-Proprietary had sustained no damages. All claims
against Canon USA
were also dismissed.
The suit was filed in April of 2005 against Canon, Inc. for a breach on the
non-exclusive patent license agreement with Nano-Proprietary, causing a delay in the production of
surface-conduction electron -emitted displays (SED). Canon had
extended the agreement to Toshiba for manufacturing of the SED without the
input of Nano-Proprietary.
After Canon had later
bought out all of Toshiba's outstanding shares for the joint venture, SED,
Inc., Nano-Proprietary announced that the game plan had not changed.
Nano-Proprietary did, however, mention the possibility of a new contract for
the SED manufacturing after the litigation.
According to the press release, Canon intends to appeal the Court's previous
determination that Canon had breached the license agreement, terminating that
agreement, and allowing Nano-Proprietary to retain the original $5.5 million
purchase price for that license. In late February of this year, a U.S. court ruled against
Canon, allowing Nano-Proprietary to terminate its licensing agreement with
the Japanese company.