OTTAWA, ONTARIO-- July 20, 2010 -- MOSAID Technologies Inc. (TSX:MSD) today announced that it has signed a seven year, royalty bearing patent portfolio license agreement with Nanya Technology Corporation of Taiwan.
Nanya's new agreement begins on October 1, 2010, following the expiration of its current five year agreement on September 30, 2010. The new agreement grants Nanya a license under MOSAID's memory patents for all Dynamic Random Access Memory (DRAM) and other semiconductor memory products sold worldwide under Nanya's brand name. Financial details of the non-exclusive semiconductor memory license are confidential.
"It is very positive that Nanya, a global company and the leading DRAM vendor in Taiwan, chose to enter into a new patent license agreement with a term that is two years longer than its current agreement," said John Lindgren, President and CEO, MOSAID. "The new agreement, with the exception of the longer term, is similar to Nanya's existing agreement, reflecting the continued technical strength of MOSAID's semiconductor memory patent portfolio and the broad geographic coverage of our patented inventions. We are also very pleased to have signed a new license well in advance of the expiration of the current agreement."
MOSAID has licensed virtually 100% of the companies that make commodity DRAM chips to its semiconductor memory patents. Since 2007, there have been four opportunities to sign existing term licensees to new licenses, and MOSAID has successfully signed new deals on each occasion.
MOSAID Technologies Inc. is one of the world's leading intellectual property companies. MOSAID licenses patented intellectual property in the areas of semiconductors and telecommunications systems, and develops semiconductor memory technology. 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, please visit www.mosaid.com and www.InvestorChannel.mosaid.com.