A federal judge issued a preliminary injunction barring Till Kees...
A federal judge issued a preliminary injunction barring Till Keesmann from ending a Nano-Proprietary license for carbon nanotube technology, the company said. U.S. Judge Wayne Anderson, Chicago, granted Nano-Proprietary’s request for a preliminary injunction this month (CED Feb 5…
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p5) and the order takes effect when the company posts a $100,000 bond to cover potential costs Keesmann might incur. Nano- Proprietary paid Keesmann $1.2 million in royalties in May 2004 under their agreement. In late 2005, Keesmann asked Nano-Proprietary for the right to auction off its interest in the pact. The company rejected Keesmann’s request, arguing that it wouldn’t release the patents for less than $200 million. Keesmann, who sought to sell the patents to NPV Nano Patent Gmbh, tried to end the deal in March 2005, alleging that Nano-Proprietary didn’t “actively market” the 3 patents and “failed” to identify companies may have infringed the IP. Keesmann allegedly sought to license the technology to Canon. Nano-Proprietary filed a contract breach lawsuit Canon several years ago and the case is expected to come to trial in the spring. Keesmann bought the rights for the carbon nanotube cathode invention from Hubert Grosse-Wilde in 1994 for $6,400 and a promise to pay 30% of any future profits. Nano-Proprietary signed an exclusive licensing agreement with Keesmann in 2000.