OTTAWA, June 20 /CNW Telbec/ - MOSAID Technologies Inc. (TSX: MSD) today
announced that it has licensed the Company's patent portfolio to Etron
Technology, Inc. of Taiwan, a leading designer and supplier of random access
memory and system-on-chip semiconductor products. Under the terms of the
agreement, Etron has licensed MOSAID's patent portfolio for a five-year term.
Financial details of the license agreement are confidential.
"Etron believes in the importance of protecting intellectual property as
a key factor in participating in global markets," said Dr. Nicky Lu, President
and CEO, Etron Technology, Inc. "This agreement reflects our respect for the
strength of MOSAID's patent portfolio, and their innovative achievements in
the DRAM industry."
"We are very pleased to have concluded this license agreement with Etron,
which under Dr. Lu's leadership, has emerged as a world-class fabless IC
design and product company," said John Lindgren, President and CEO, MOSAID.
"As part of the agreement, MOSAID will receive a cross-license to Etron's
"Etron is the first fabless DRAM vendor to license MOSAID's patent
portfolio, and the third Taiwanese company to do so," said Michael Vladescu,
Vice President, Licensing and Intellectual Property, MOSAID. "We have now
signed licenses with 16 companies, representing 80% of global DRAM shipments.
We are also expanding our licensing efforts to other industry segments based
on our recent exclusive license agreements and patent acquisitions."
MOSAID, a leading intellectual property company, is now focused on patent
licensing and technology research and development. The Company is expanding
its portfolio of more than 800 patents and applications obtained from
internally developed technology, patent licensing partnerships, and patent
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 licensees. Founded in 1975, MOSAID
is based in Ottawa, Ontario. For more information, visit www.mosaid.com.
About Etron Technology, Inc.
Etron is a world-class fabless IC design and product company. The company
offers cutting-edge Known-Good-Dye (KGD) and packaged ICs, including ultra low
power SRAMs, low power Pseudo SRAMs, low power DRAMs, DDR DRAMs and SDR DRAMs
for graphics, and display chips etc. As a publicly traded company
headquartered in Taiwan (ROSE:5351), Etron strives to bridge the borders
between the Asia-Pacific region and the international marketplace. Etron has
received the Best Innovative Product Awards from the Taiwan Science Park for
three consecutive years.
Forward Looking Information
This document and certain other public documents incorporated by
reference in this document, contain forward-looking statements to the extent
they relate to MOSAID or its management, including those identified by the
expressions "anticipate," "believe," "foresee," "estimate," "expect,"
"intend," "could," "may,", "plan," "will," "would" and similar expressions.
Similarly, statements in this document that describe MOSAID's business
strategy, outlook, objectives, plans, intentions or goals also are
forward-looking statements. These forward-looking statements are not
historical facts, but rather reflect MOSAID's current expectations regarding
future events. These forward-looking statements are subject to a number of
risks and uncertainties that could cause actual results, performance or
achievements to differ materially from those in such forward-looking
statements. Assumptions made in preparing forward-looking statements and
financial guidance include, but are not limited to, the following: MOSAID's
continued expansion of its patent portfolio and of its opportunities for
future patent licensing revenue as a result of MOSAID's acquisition of patents
from third parties and from development of new inventions; DRAM manufacturers
continuing to infringe MOSAID's patents; the timing and amount of MOSAID's
litigation expenses; MOSAID's ability to sign new patent licensees; current
assumptions as to the identification of products that are unlicensed to
MOSAID's wireless patents; the value proposition associated with MOSAID's
products relative to its competition in the market; the timing and amount of
MOSAID's Research & Development expenses; the timing of MOSAID's new product
introductions; MOSAID's ability to develop, manufacture, and market innovative
products in a rapidly changing technological environment; and MOSAID's ability
to maintain and enhance existing customer relationships.
Factors that could cause actual results to differ materially from
expected results include, but are not limited to, the following: declines or
unexpected variations in market growth rates for MOSAID's products; the extent
of embedded DRAM proliferation in the System-on-a-Chip markets; variability in
customer deployment schedules from quarter to quarter; shifts in the mix of
MOSAID products sold; legal rulings and/or regulatory investigations or
complaints having an adverse impact on the validity, enforceability, potential
royalty rates, and strength or breadth of coverage of MOSAID's essential
and/or nonessential patents (including, but not limited to, adverse results
from litigation or proceedings in patent offices and government regulatory
agencies in various countries around the world); judicial, legislative or
regulatory changes that impair the ability of patent holders to earn licensing
revenues; economic, social, and political conditions in the countries in which
MOSAID, its customers, suppliers, or patent licensees operate, including
security risks, health conditions, possible disruptions in transportation
networks and fluctuations in foreign currency exchange rates; non-payment or
delays in payment by customers/licensees; variability in patent licensees'
sales of licensed products, failure to maintain and enforce MOSAID's existing
patent portfolio, or failure to obtain valuable patents as a result of
research and development activities, or failure to acquire valuable patents
from third parties; MOSAID's ability to recruit and retain skilled personnel;
change in MOSAID's financial position; obsolescence of products or
inappropriate targeting to markets that fail to materialize; inability to
transition to new technologies to meet customer demand; variations in average
sales cycles; key component supply restrictions and/or cost increases;
critical industry transitions; consolidation of MOSAID's customers and/or
licensees; natural events, such as severe weather and earthquakes in the
locations in which MOSAID, its customers, suppliers, or patent licensees
operate; changes in the tax rate applicable to MOSAID as the result of changes
in the tax law in the jurisdictions in which profits are determined to be
earned and taxed, the outcome of tax audits and the ability to realize
deferred tax assets; and adverse impacts of the current strategic alternatives
initiative on customer relationships, employee morale, or management's
capacity to focus on business execution.
MOSAID assumes no obligation to update or revise any forward-looking
statements. Additional information identifying risks and uncertainties
affecting MOSAID's business and other factors that could cause MOSAID's
financial results to fluctuate are contained in MOSAID's Annual Information
Form, under the section entitled "Risk Factors," and in MOSAID's other public
filings available online at www.sedar.com.
For further information:
For further information: Investor Inquiries: Michael Salter, Director,
Investor Relations and Corporate Communications, (613) 599-9539, x1205,
email@example.com; Media Inquiries: Colleen McGuire, Communications
Specialist, (613) 599-9539, x1228, firstname.lastname@example.org