Update: Intellectual Ventures has acquired Transmeta Patent Portfolio on Jan. 28, 2009
Transmeta Expects Production Royalty Revenue in Q1 2008
SANTA CLARA, CA. - February 6, 2008 - Transmeta Corporation today confirmed that its first licensee began its production ramp of the first commercial product licensed to use Transmeta's LongRun2 technologies and has achieved volume production levels. As a result, Transmeta expects to recognize approximately $215,000 in royalty revenue in the first quarter of 2008 for products using Transmeta's LongRun2 technologies that were sold by its licensee during the fourth quarter of 2007. This compares with sample production royalty revenues of approximately $1,000 and $2,000 that the Company recognized from its first licensee in the third and fourth quarters of 2007, respectively.
"We are very pleased that the first commercial product licensed to use our LongRun2 technologies is now in volume production," said Les Crudele, president and chief executive officer of Transmeta. "This is an important milestone and highlights the long-term opportunity of our IP licensing business."
About Transmeta Corporation
Transmeta Corporation develops and licenses innovative computing, microprocessor and semiconductor technologies and related intellectual property. Founded in 1995, we first became known for designing, developing and selling our highly efficient x86-compatible software-based microprocessors, which deliver a balance of low power consumption, high performance, low cost and small size suited for diverse computing platforms. We are presently focused on developing and licensing our advanced power management technologies for controlling leakage and increasing power efficiency in semiconductor and computing devices, and in licensing our computing and microprocessor technologies to other companies. To learn more about Transmeta, visit www.transmeta.com.