Here is Nano’s reponse to the SED Inc restructuring announced yesterday.
Nano-Proprietary, Inc. Comments on Canon’s Press Release Regarding SED, Inc. Ownership
10:39 a.m. 01/12/2007 Provided By Market Wire
AUSTIN, TX, Jan 12, 2007 (MARKET WIRE via COMTEX) — Nano-Proprietary, Inc. (NNPP) today announced that it is pleased Canon, Inc.(CAJ) and Toshiba Corporation have decided to continue to move forward with their SED TV.
“Restructuring of Canon’s ownership position does not resolve the pending litigation which goes to trial in a few weeks,” said Tom Bijou, Chief Executive Officer of Nano-Proprietary, Inc. “We have terminated Canon’s license as a result of breach of contract. Moreover, our complaint against Canon includes other counts, including fraud unrelated to the ownership of SED. We are, however, willing to enter into a new license agreement with Canon on reasonable terms.”
Ouch! This whole SED TV saga goes from bad to worse to good to bad, all in two weeks. Stay tuned. I’m sure there is more coming.
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Tråd: SED 13.Januar Update
01-14-2007, 23:43 #1
SED 13.Januar Update
05-04-2007, 15:58 #2