Ray, my detective work continues:
From ICOT S-4/A OCT 16/95 (ICOT merger with Amati)
sec.gov
NORTHERN TELECOM
From 1992 through May 1994, Northern Telecom supported Amati through two research and development agreements. The total funding was in excess of $5 million and directed toward developing and manufacturing a product with which to attain the ANSI standard for ADSL. The resulting product, Prelude, demonstrated the capabilities of DMT and was awarded the standard. During this time, Northern Telecom controlled sales and marketing, and Amati sold over $3 million of Preludes to Northern Telecom for resale to telephone companies in 15 countries worldwide. In 1995, as part of a settlement, Northern Telecom was issued 75,000 shares of Amati's Series A Preferred Stock and Amati received control of all intellectual property generated during the project, subject to a non-exclusive, royalty free license to Northern Telecom. Four patent applications co-owned by Northern Telecom and Amati have been filed as a result of the project.
This is an interesting document ... I had no idea the Motorola licence dated back to March 1995 ... Will read the whole document in detail later.
John |
