AUSTIN, Texas, April 12 /PRNewswire-FirstCall/ -- Nano-Proprietary, Inc.
(OTC Bulletin Board: NNPP) announced today that it has filed suit against
Canon, Inc. (NYSE: CAJ) in U.S. District Court for the Western District of
Texas, Austin Division. Nano-Proprietary is seeking a declaratory judgment
that new SED color television products, scheduled to be manufactured by Canon
and/or Toshiba beginning in August 2005, are not covered under a 1999 patent
license agreement between Canon and Nano-Proprietary. Nano-Proprietary
alleges that Canon is improperly using Nano-Proprietary's patented technology
to produce surface conductor electron emitter display screens (SED) for a new
generation of flat screen color televisions.
Nano-Proprietary also asserts that a joint venture formed by Canon and
Toshiba Corporation to produce the SED display screens, SED, Inc., is not a
licensed subsidiary under the 1999 agreement and that Canon is improperly
transferring its license rights under Nano-Proprietary's patents to the joint
venture and Toshiba. Nano-Proprietary also alleges that Canon's
representation to the industry that it is licensed violates federal false
In January 2005, Canon announced the imminent launch of SED flat screen
televisions at the Consumer Electronics Show in Las Vegas, Nevada. According
to the suit, Nano-Proprietary asserts that the new SED televisions fall
squarely within the definition of excluded products under the 1999 agreement.
Nano-Proprietary's suit asks the federal court to adjudicate the parties
rights' under the 1999 license and to stop Canon from representing that they
have a license and that others in the industry can join them under the
"We have a very strong and pervasive patent portfolio that applies to
several multibillion dollar industries, of which this is one," said Marc
Eller, Chairman and CEO of Nano-Proprietary. "We will aggressively protect
our rights against any and all violations of our intellectual property,"
Nano-Proprietary is represented by Collier Shannon Scott, PLLC, a
Washington D.C.-based firm serving domestic and international clients through
combined expertise in regulation, litigation, and government relations.
Collier Shannon Scott has successfully represented U.S. companies and
industries in many unfair trade practice cases, including cases involving
Japanese and Chinese televisions and flat panel displays from Japan.
Given the content of this press release, the CNBC Interview scheduled for
today has been postponed and will likely be rescheduled at a later date.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks
and uncertainties concerning Nano-Proprietary's business, products, and
financial results. Actual results may differ materially from the results
predicted. More information about potential risk factors that could affect
our business, products, and financial results are included in Nano-
Proprietary's annual report on Form 10-K for the fiscal year ended
December 31, 2004, and in reports subsequently filed by Nano-Proprietary with
the Securities and Exchange Commission ("SEC"). All documents are available
through the SEC's Electronic Data Gathering Analysis and Retrieval System
(EDGAR) at http://www.sec.gov or from Nano-Proprietary's web site listed
below. Nano-Proprietary hereby disclaims any obligation to publicly update
the information provided above, including forward-looking statements, to
reflect subsequent events or circumstances.
About Nano-Proprietary, Inc.
Nano-Proprietary, Inc. is a holding company consisting of two wholly-owned
operating subsidiaries. Applied Nanotech Inc. is a premier research and
commercialization organization dedicated to developing applications for
nanotechnology with an extremely strong position in the field of electron
emission applications from carbon film/nanotubes. Electronic Billboard
Technology, Inc. (EBT) possesses technology related to electronic digitized
sign technology. Nano-Proprietary's website is
COMPANY CONTACT MEDIA CONTACT
Doug Baker Patti D. Hill
Chief Financial Officer BlabberMouth Public Relations
Nano-Proprietary, Inc. 512.218.0401
Rep. for Collier Shannon Scott
SOURCE Nano-Proprietary, Inc.