Agreement includes cash, patent transfer, exclusive sub-license rights OTTAWA, ONTARIO -- June 5, 2008
- MOSAID Technologies Inc. (TSX:MSD) today announced that it has signed three related agreements with a U.S. fabless semiconductor memory company. The agreements consist of a patent portfolio license agreement, a patent transfer agreement, and an exclusive patent sub-licensing agreement.
Under the patent portfolio license agreement, the licensee has been granted a five-year term license under MOSAID's patents for its DRAM (Dynamic Random Access Memory) and PSRAM (Pseudo-Static RAM) integrated circuit products sold globally. In addition to the rights under the patent transfer and exclusive patent sub-licensing agreements, as consideration, MOSAID will receive cash from the licensee. Specific financial details are confidential.
Under the patent transfer agreement, title to an undisclosed number of patent families related to memory technology, including patents covering DRAM, SRAM (Static RAM) and Flash memory, jointly selected by the parties, is transferred from the licensee to MOSAID. Under the exclusive patent sub-licensing agreement, MOSAID obtains an exclusive right to sub-license an undisclosed number of the licensee's patent families, selected by MOSAID, which also relate to DRAM, SRAM and Flash memory technology.
"This tripartite arrangement highlights our multi-dimensional strategy for intellectual property value creation," said John Lindgren, President and CEO, MOSAID. "Signing another memory company to a five-year term license, on the heels of our patent portfolio license agreements with ProMOS Technologies and Winbond Electronics, demonstrates the growing strength of our core semiconductor patent portfolio. Obtaining ownership of, and exclusive sub-licensing rights to, minimally encumbered patents relevant to the DRAM, SRAM and Flash markets will contribute significantly to MOSAID's renewal of its existing term licenses." About MOSAID
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 technology companies among its licensees. Founded in 1975, MOSAID is based in Ottawa, Ontario. For more information, visit www.mosaid.com