OTTAWA, ONTARIO-- Feb. 1, 2010 - MOSAID Technologies Inc. (TSX:MSD) today announced that it has signed a worldwide, non-exclusive wireless patent license agreement with Sony Corporation of Japan.
Under the terms of the patent portfolio license agreement, MOSAID grants Sony a fixed-payment term license under MOSAID's wireless technology patents, covering all Sony Wi-Fi enabled products. The effective date of the term license agreement is January 1, 2010. All other terms and conditions of the license agreement are confidential.
"We are very pleased that Sony, a global leader in consumer electronics, has agreed to license our wireless patents," said Michael Vladescu, Vice President, Licensing and Intellectual Property, MOSAID. "We are now licensing our wireless patent portfolio into four markets - mobile handsets, notebook computers, gaming consoles and wireless infrastructure. MOSAID has signed 13 wireless patent license agreements, and we look forward to continued success in licensing our wireless patents into multiple markets."
MOSAID Technologies Inc. is one of the world's leading intellectual property companies. MOSAID develops semiconductor memory technology and licenses patented intellectual property in the areas of semiconductors and telecommunications systems. MOSAID counts many of the world's largest technology companies among its licensees. Founded in 1975, MOSAID is based in Ottawa, Ontario. For more information, visit www.mosaid.com.