Signs six year, royalty bearing license with ProMOS OTTAWA, Ontario – February 4, 2008 -
MOSAID Technologies Inc. (TSX:MSD) today announced the settlement of its patent infringement litigation with ProMOS Technologies Inc. (ProMOS) and Mosel Vitelic, Inc. (Mosel Vitelic), both of Hsinchu, Taiwan.
Under the terms of the settlement, ProMOS has been granted a six year, royalty bearing license under MOSAID's patents for all Dynamic Random Access Memory (DRAM) products sold worldwide under ProMOS' brand name. The agreement with Mosel Vitelic, which no longer manufactures DRAM products, calls for a single lump sum payment. Financial details of the license and settlement agreements are confidential.
MOSAID initiated patent infringement litigation with ProMOS and two other defendants, Micron Technology, Inc. of Boise, Idaho, and Powerchip Semiconductor Corporation of Hsinchu, Taiwan, in July 2006 in the Eastern District of Texas, Marshall Division. MOSAID added Mosel Vitelic as a fourth defendant to the complaint in November 2006.
"We are very pleased to have settled with ProMOS and Mosel Vitelic, and that ProMOS has entered into a fixed term, running royalty agreement with MOSAID," said John Lindgren, President and Chief Executive Officer, MOSAID. "ProMOS and Mosel Vitelic are the fourth and fifth companies respectively with whom MOSAID has successfully settled patent infringement litigation. Our preference has always been to negotiate rather than litigate, and we believe that this is a fair settlement benefiting all parties."
"ProMOS is the 17th company to sign a patent portfolio license agreement with MOSAID," said Michael Vladescu, Vice President, Licensing and Intellectual Property, MOSAID. "Following on the heels of the seven year agreement we announced in December with Winbond Electronics, this six year license with ProMOS further demonstrates the strength and depth of MOSAID's semiconductor memory patents, including their technological diversity and broad geographic coverage."
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. For more information, visit www.mosaid.com.