OTTAWA, ONTARIO-- Dec. 16, 2010 -- MOSAID Technologies Inc. (TSX:MSD) today announced that it has entered into a patent license agreement with IBM Corporation (NYSE:IBM) of Armonk, New York. A separate settlement agreement effectively ends the pending litigation between MOSAID and IBM.
Under the terms of the non-exclusive worldwide patent license agreement, IBM receives a five-year license to certain of MOSAID patents. IBM's processor and Application Specific Integrated Circuit (ASIC) products that contain embedded DRAM are licensed under the agreement. IBM will make a series of fixed payments to MOSAID during the term of the agreement. All other terms of the patent license and settlement agreements are confidential.
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 InvestorChannel.mosaid.com.