OTTAWA, ONTARIO -- July 13, 2009 -- MOSAID Technologies Inc. (TSX:MSD) today announced that it has initiated litigation against IBM Corporation of Armonk, New York, for infringement of six of MOSAID's United States patents. The suit was filed today in the United States District Court for the District of Delaware.
In its complaint, MOSAID claims that IBM has infringed and is infringing MOSAID's patents by making and selling microprocessor and Application Specific Integrated Circuit (ASIC) products which practice MOSAID's patents. MOSAID is claiming infringement of U.S. Patent Nos. 6,603,703; 6,580,654; 6,980,448; 7,038,937; 7,486,580; and 7,535,749. The patents were granted on MOSAID's fundamental Dynamic Random Access Memory (DRAM) circuit inventions.
"We are taking this action to protect our intellectual property because we have been unable to reach a reasonable settlement with IBM, despite many years of negotiation," said John Lindgren, President and CEO, MOSAID. "We believe that IBM requires a license to our patents for its microprocessor and ASIC products that contain embedded DRAM. MOSAID has licensed virtually 100% of the global commodity DRAM industry, including signing patent license agreements covering embedded DRAM products. The value of our patents is internationally recognized."
MOSAID is represented by Howrey LLP, a top U.S. law firm specializing in trademark and patent litigation.
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 telecommunications 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.
