OTTAWA, Ontario – Oct 22, 2008 -
MOSAID Technologies Inc. (TSX:MSD) today announced that Panasonic Corporation of Osaka, Japan, is the first company to license a significant portfolio of microcomponent patents to which MOSAID has exclusive licensing rights.
Under the terms of the patent portfolio license agreement, Panasonic has been granted a 10-year term license under the exclusively licensed patents, as well as MOSAID's own patents, for all application specific and microcomponent semiconductor products sold globally under Panasonic's brand name. Financial details of the agreement are confidential.
As announced on May 8, 2007, MOSAID has obtained the exclusive rights to sub-license a major portfolio of 50 U.S. patents and their corresponding foreign counterparts. The patents relate primarily to microcomponents, and include digital signal processors (DSPs), microcontrollers and microprocessors, application specific integrated circuits (ASICs) and application specific standard products (ASSPs).
"Our first license based on this portfolio was reached 18 months after obtaining the exclusive licensing rights, ahead of the usual schedule for a new licensing program," said John Lindgren, President and Chief Executive Officer, MOSAID. "This agreement demonstrates the success of a key element of our growth strategy, which is to pursue new initiatives that provide access to diverse technology markets."
"We are pleased that Panasonic, a leader in high-performance microprocessors, DSPs and ASICs for consumer applications, recognized the value in licensing MOSAID's patent portfolio, including the exclusively licensed microcomponent patents," said Michael Vladescu, Vice President, Licensing and Intellectual Property, MOSAID. "Going forward, we anticipate that many other global companies will also see the benefit of licensing this important portfolio of intellectual property."
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.