MOSAID signs worldwide licensing agreement with Oki
Mosaid Technologies Inc
MSD
Shares issued 10,270,213
Oct 29 2001 close $12.500
Tuesday Oct 30 2001
News Release
Mr. David Ward reports
MOSAID Technologies Inc. has signed a worldwide, non-exclusive patent
licensing agreement with Oki Electric Industry Co., Ltd. of Tokyo, Japan.
Through this agreement, Oki obtains a licence to MOSAID's patent portfolio,
while MOSAID obtains a cross-licence for Oki's patents. Financial details could
not be disclosed under the terms of this transaction.
Oki is a supplier of semiconductor products and among the world's top 20
DRAM manufacturers. The company is the sixth DRAM manufacturer to join the
growing list of companies that have taken a licence to MOSAID's patent portfolio.
MOSAID believes that all companies that manufacture mainstream DRAM
products, including single and double data rate (DDR) synchronous DRAM, as
well as Rambus(R) DRAM, use its patented circuit technology. MOSAID has
also found its patented circuit technology incorporated in the embedded DRAM
products of several major memory manufacturers.
Since 1999, MOSAID has announced patent licensing agreements with Fujitsu,
NEC, Toshiba, Hitachi and Mitsubishi Electric. These companies, together with
Oki, are estimated to hold close to 23 per cent of DRAM market share
worldwide based on 2000 revenues, according to Gartner Dataquest.
MOSAID recently notified two additional semiconductor manufacturers of patent
infringement. The company now has a total of 11 DRAM manufacturers on notice
for patent infringement, and is currently in licensing discussions with several of
these companies. MOSAID has also initiated litigation against Samsung
Electronics Co., Ltd. for patent infringement.
"Our agreement with Oki demonstrates our ability to conclude new patent
licensing agreements despite the continued downturn in worldwide memory
markets and our current litigation against Samsung," said George Cwynar,
president and chief executive officer, MOSAID Technologies. "We have a strong
patent portfolio and the financial resources to aggressively pursue fair
compensation for the use of our intellectual property, preferably through
negotiation."
MOSAID has a strong track record of developing innovative memory designs,
and the company's patent portfolio continues to grow. During the first quarter
ended July 27, 2001, MOSAID was issued its 100th patent and filed an
additional 14 patent applications, for a total of 280 patents issued or pending at
the end of the quarter.
About Oki Electric Industry Co., Ltd.
Founded more than a century ago in 1881, Oki Electric Industry Co., Ltd. is
Japan's first telecommunications manufacturer headquartered in Tokyo, Japan.
With more than 21,000 employees worldwide, Oki Electric provides customers
with products and technologies for telecommunication systems, information
systems and electronic devices.
Conference call and Webcast
Management will hold a conference call and Webcast today, Tuesday, Oct. 30,
2001, at 2:00 p.m. (ET). Participants wishing to access the conference call should
dial 1-800-427-6791. The conference call will also be Webcast live at
www.mosaid.com and www.newswire.ca, and subsequently archived on
MOSAID's Web site. A rebroadcast of the conference call will be available until
midnight on Tuesday, Nov. 6, 2001. To access the rebroadcast, please dial
1-877-289-8525 and enter the passcode 148420#.
WARNING: The company relies on litigation protection for "forward-looking"
statements.
(c) Copyright 2001 Canjex Publishing Ltd. canada-stockwatch.co |
