"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 patents."
"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 acquisitions.
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 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.