MOSAID and PortalPlayer Establish Intellectual Property Partnership; PortalPlayer Licenses MOSAID Patent Portfolio
OTTAWA, Ontario, Canada – May 2, 2006 - MOSAID Technologies Incorporated (TSX: MSD) today announced that PortalPlayer, Inc., (NASDAQ: PLAY) is the unnamed patent licensee that was previously announced under a separate news release issued by MOSAID on March 15, 2006.
Under the terms of the agreement, PortalPlayer has obtained a five-year exclusive license under the MOSAID patent portfolio, including the right to sublicense. PortalPlayer is obligated to pay MOSAID 40% of all gross revenues derived from any sublicenses granted. In addition to signing the license agreement, PortalPlayer has also purchased 25 MOSAID issued patents.
"We are very pleased to have developed an important strategic partnership with PortalPlayer," said Jim Skippen, Senior Vice President of Patent Licensing and General Counsel for MOSAID. "PortalPlayer is a clear leader in the development of chips for today's most popular personal portable media players. This type of relationship represents a new and exciting business opportunity for our patent licensing program as it extends our reach outside of DRAM. PortalPlayer's expertise in the portable media player industry makes it a natural partner for us in our efforts to branch into this new market."
"Signing this agreement with PortalPlayer demonstrates a new dimension to our patent licensing program," said George Cwynar, President and Chief Executive Officer for MOSAID. "It is a further testament to the strength of our patent portfolio, the creativity of our people and our capacity to find new opportunities and markets for our patent licensing program."
About MOSAID
MOSAID Technologies Incorporated makes semiconductors better through the development and licensing of intellectual property and the supply of memory test and analysis systems. MOSAID counts many of the world's largest semiconductor companies among its customers. Founded in 1975, MOSAID is based in Ottawa, Ontario, with offices in Sunnyvale and Santa Clara, California; Newcastle upon Tyne, U.K; and Tokyo, Japan. For more information, visit www.mosaid.com.
About PortalPlayer
PortalPlayer Inc., develops semiconductor, firmware and software platforms for portable multimedia products such as personal media players and secondary display enabled notebook computers. PortalPlayer products empower consumers to quickly and easily manage, enjoy and have access to multimedia content and other forms of information. PortalPlayer is headquartered in San Jose, Calif., with offices in Kirkland, Wash., Taipei, Taiwan and Hyderabad, India.
|
Related News
- Global Patent Applications Rose to 2.9 Million in 2015 on Strong Growth From China; Demand Also Increased for Other Intellectual Property Rights
- MOSAID Licenses Patent Portfolio to Taiwan's Etron Technology
- MOSAID to Sell Memory Test Assets to Teradyne; Focused on Intellectual Property
- MOSAID and Infineon Settle Patent Litigations; Infineon and Qimonda license MOSAID patent portfolio, MOSAID purchases 50 patents from Infineon
- Nikon Purchases MMP(TM) Portfolio License; Licensing Program for Fundamental Patents Continues to Attract Support of World's Top Intellectual Property Companies
Breaking News
- PUFsecurity Unveils Next-Gen Crypto Coprocessor PUFcc7 Featuring High-speed Performance and TLS 1.3 Support
- SEMIFIVE Starts Mass Production of its 14nm AI Inference SoC Platform based Product
- VeriSilicon's complete Bluetooth Low Energy IP solution is fully compliant with LE Audio specification
- TASKING and Andes Announce FuSa Compliant Compiler Support for Andes RISC-V ASIL Compliant Automotive IP
- Efabless Launches an "AI Wake Up Call" Open-Source Silicon Design Challenge
Most Popular
- Qualitas Semiconductor and Ambarella Sign Licensing Agreement
- ZeroPoint Technologies Signs Global Customer to Bring Hardware-Accelerated Compression to Hyperscale Data Centers
- Chiplet Interconnect Pioneer Eliyan Closes $60 Million Series B Funding Round, Co-led by Samsung Catalyst Fund and Tiger Global Management to Address Most Pressing Challenge in Development of Generative AI Chips
- Intel and Arm Team Up to Power Startups
- Alphawave Semi and InnoLight Collaborate to Demonstrate Low Latency Linear Pluggable Optics with PCIe 6.0® Subsystem Solution for High-Performance AI Infrastructure at OFC 2024
E-mail This Article | Printer-Friendly Page |