Friday, January 12, 2007
Canon Inc. said on Friday it will buy out Toshiba Corp. in their flat-panel display venture to resolve a patent dispute with Nano-Proprietary Inc. in the United States.
Canon will now own the unit that was set up in 2004 to develop a new type of thin panels that can be used in TVs. The move is aimed at appeasing Texas-based Nano-Proprietary, which filed a lawsuit claiming that its 1999 agreement to license technology to Canon did not extend to Toshiba. Toshiba has a 50 percent stake in the joint venture, called SED Ltd.
The surface-conduction electron-emitter display (SED) TVs are said to have brighter pictures and consume less energy than the current types of flat TVs such as liquid crystal display (LCD) and plasma, but analysts doubt they will be cost competitive.
By: DocMemory
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