Carclo unit sues Uni-Pixel over breach of confidence
20 December 2012 | 09:08am
StockMarketWire.com - Carclo's wholly-owned UK subsidiary, Conductive Inkjet
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Limited, has taken action in the High Court against Texas-based Uni-Pixel Displays.
CIT's claims are for breach of contract, breach of confidence, and patent entitlement.
The basis of the claim is CIT's belief that Uni-Pixel has made unauthorised use of confidential CIT know-how, relating to the formulation and use of catalytic inks and metallisation technology in touch screen applications, in the development of its own metal mesh process and products (which it calls UniBoss) and related patents it has filed (or been issued) on these processes.
CIT know-how in that field was disclosed to Uni-Pixel with CIT's consent as part of a project with a development partner, but CIT only permitted Uni-Pixel to use that know-how in relation to a different field of use, unrelated to touch screen sensors.
CIT believes that Uni-Pixel has breached the restrictions imposed in respect of its use of that know-how. CIT is seeking injunctive relief against Uni-Pixel to deprive it of the unfair head-start in its development efforts which CIT believes it to have gained from unauthorised use of CIT know-how, plus damages.
At 9:08am: [
LON:CAR] Carclo share price was +1.75p at 407.75p