OTTAWA, ONTARIO-- Marketwire -- Nov. 23, 2009 -- MOSAID Technologies Inc. (TSX:MSD) today announced that it has signed a worldwide non-exclusive wireless patent license agreement with Samsung Electronics Co., Ltd. The effective date of the term license agreement is November 15, 2009.
Under the terms of the patent portfolio license agreement, MOSAID has granted Samsung a license under its patents, covering products sold globally by Samsung's Digital Media and Communications Business, including Wi-Fi enabled mobile handsets, notebook and netbook computers, and other system-level communications products. All other terms and conditions are confidential.
"We are very pleased that Samsung, as a global leader in both the mobile phone and smart phone markets, has chosen to license our wireless patents," said John Lindgren, President and Chief Executive Officer, MOSAID. "Our success in reaching negotiated agreements with leading global companies demonstrates the strength, value and fundamental nature of our wireless patents. We anticipate continued success in licensing our wireless patents to the producers of a wide range of Wi-Fi enabled products and systems, including mobile devices, laptop computers, gaming consoles and wireless infrastructure products."
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.