First Fabless DRAM Vendor to License MOSAID Patent Portfolio
OTTAWA, Ontario – June 20, 2007 - MOSAID Technologies Inc. (TSX: MSD) today announced that it has licensed the Company's patent portfolio to Etron Technology, Inc. of Taiwan, a leading designer and supplier of random access memory and system-on-chip semiconductor products. Under the terms of the agreement, Etron has licensed MOSAID's patent portfolio for a five-year term. Financial details of the license agreement are confidential.
"Etron believes in the importance of protecting intellectual property as a key factor in participating in global markets," said Dr. Nicky Lu, President and CEO, Etron Technology, Inc. "This agreement reflects our respect for the strength of MOSAID's patent portfolio, and their innovative achievements in the DRAM industry."
"We are very pleased to have concluded this license agreement with Etron, which under Dr. Lu's leadership, has emerged as a world-class fabless IC design and product company," said John Lindgren, President and CEO, MOSAID. "As part of the agreement, MOSAID will receive a cross-license to Etron's patents."
"Etron is the first fabless DRAM vendor to license MOSAID's patent portfolio, and the third Taiwanese company to do so," said Michael Vladescu, Vice President, Licensing and Intellectual Property, MOSAID. "We have now signed licenses with 16 companies, representing 80% of global DRAM shipments. We are also expanding our licensing efforts to other industry segments based on our recent exclusive license agreements and patent acquisitions."
MOSAID, a leading intellectual property company, is now focused on patent licensing and technology research and development. The Company is expanding its portfolio of more than 800 patents and applications obtained from internally developed technology, patent licensing partnerships, and patent acquisitions.
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 wired and wireless communications systems. MOSAID counts many of the world's largest semiconductor companies among its customers. Founded in 1975, MOSAID is based in Ottawa, Ontario, with an office in Santa Clara, California. For more information, visit www.mosaid.com.www.mosaid.com.
About Etron Technology, Inc.
Etron is a world-class fabless IC design and product company. The company offers cutting-edge Known-Good-Dye (KGD) and packaged ICs, including ultra low power SRAMs, low power Pseudo SRAMs, low power DRAMs, DDR DRAMs and SDR DRAMs for graphics, and display chips etc. As a publicly traded company headquartered in Taiwan (ROSE:5351), Etron strives to bridge the borders between the Asia-Pacific region and the international marketplace. Etron has received the Best Innovative Product Awards from the Taiwan Science Park for three consecutive years.