Mr. Lindgren brings to MOSAID over 20 years of experience with one of the world's most renowned semiconductor companies, and extensive semiconductor patent licensing and litigation experience. In 2000, Mr. Lindgren was appointed Vice President and Assistant General Counsel with TI, responsible for company-wide legal issues related to the Asia Pacific and Japan regions, as well as world-wide trade compliance legal issues. He headed a team of 28 lawyers who provided legal counsel to the company's US$3.5 billion Application Specific Products group, which includes TI's global Digital Signal Processor business. Prior to this role, Mr. Lindgren was Senior Regional Counsel for Texas Instruments Japan Limited, based in Tokyo. From 1989 to 1998, as a key member of TI's patent cross-licensing team, he helped drive the licensing strategy that resulted in the collection of over US$2 billion in royalties.
"We are extremely pleased that an executive of Mr. Lindgren's caliber and experience is joining our company," said George Cwynar, President and Chief Executive Officer, MOSAID. "John is the perfect choice for taking MOSAID's highly successful patent licensing program to its next stage of evolution."
Mr. Lindgren replaces Mr. Ted Galanthay, a member of MOSAID's Board of Directors, who served as acting Senior Vice President Patent Licensing and General Counsel, while the Company conducted an executive search. Under Mr. Galanthay's guidance, MOSAID initiated litigation against Micron Technology, Inc., ProMOS Technologies Inc. and Powerchip Semiconductor Corporation. The Company also entered into an important patent licensing partnership with the
Mr. Lindgren joined TI in 1986 and worked for three years as a failure analysis engineer before becoming a Patent Licensing Engineer in 1989. Mr. Lindgren holds a Juris Doctorate from Southern Methodist University School of Law, as well as a M.Sc. Electrical Engineering from Southern Methodist University School of Engineering and Applied Science, and a B.Sc. Electrical Engineering from Duke University School of Engineering. Mr. Lindgren currently serves as the co-chair of the Intellectual Property subcommittee of the Semiconductor Industry Association.
MOSAID Technologies Incorporated makes semiconductors better through the development and licensing of intellectual property and the supply of memory test and analysis systems. MOSAID counts many of the world's largest semiconductor companies among its customers. Founded in 1975, MOSAID is based in Ottawa, Ontario, with offices in Santa Clara, California, Newcastle upon Tyne, U.K, and Tokyo, Japan. For more information, visit www.mosaid.com.
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", "could", "estimate", "expect", "intend", "may", "plan", "will", "would" and similar expressions. 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 current expectations. 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 and development of new inventions; DRAM manufacturers continuing to infringe MOSAID's patents; the timing and amount of MOSAID's litigation expenses; and MOSAID's ability to sign new licensees.
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 products sold; MOSAID's ability to negotiate settlements with licensees; unfavourable legal rulings in MOSAID's patent litigations; Foreign currency fluctuations; non-payment by customers/licensees; failure to obtain valuable patents as a result of research and development activities, or to acquire valuable patents; loss of key employees; 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; and critical industry transitions.
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.