TOKYO (Reuters) - A U.S. court has ruled against Japan's Canon Inc. (7751.T: Quote, Profile, Research) in a patent dispute over flat-panel displays, saying the company violated the license agreement it had with Nano-Proprietary Inc. (NNPP.OB: Quote, Profile, Research).
The ruling is a blow to Canon's endeavor to enter the $84 billion global flat-TV market using technology owned by Texas-based Nano-Proprietary.
According to a ruling issued on Thursday, Judge Samuel Sparks of the U.S. District Court for the Western District of Texas said Nano-Proprietary had the right to terminate the license agreement it signed with Canon in 1999.
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Bummer for those who were eagerly awating