MOSAID Licenses its Patent Portfolio for Use in Portable Media Players
OTTAWA, Ontario, Canada – March 16, 2006 - MOSAID Technologies Incorporated (TSX: MSD) today announced that it has licensed its patent portfolio for a five-year term for use in Application Specific Integrated Circuits (ASICs) employed in portable media players, such as MP3 players.
Under the terms of the agreement, MOSAID has granted the licensee a license, with the exclusive right to sublicense, solely for ASICs used in portable media applications. The licensee will pay MOSAID a license fee and also share all revenues generated through any such sublicenses. In addition, the licensee has purchased 25 MOSAID issued patents. Further details regarding this licensing agreement will be provided in a subsequent news release, on or before MOSAID's fiscal year-end conference call in June.
It is expected that the license and patent sale will result in increased revenues and profits in Q1 of MOSAID's next fiscal year. Therefore, MOSAID is resetting guidance for fiscal 2007. Revenues for fiscal 2007 are now expected to range between $77 to $82 million with net earnings between $19.5 to $21.5 million.
About MOSAID
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 Sunnyvale and Santa Clara, California; Newcastle upon Tyne, U.K; and Tokyo, Japan. For more information, visit www.mosaid.com.
|
Related News
- MOSAID Licenses Patent Portfolio to Taiwan's Etron Technology
- MOSAID and PortalPlayer Establish Intellectual Property Partnership; PortalPlayer Licenses MOSAID Patent Portfolio
- Major Taiwanese Semiconductor Manufacturer Licenses MOSAID Patent Portfolio
- Hynix Semiconductor Licenses MOSAID Patent Portfolio
- Philips Electronics Licenses MOSAID Patent Portfolio
Breaking News
- intoPIX Powers Ikegami's New IPX-100 with JPEG XS for Seamless & Low-Latency IP Production
- Tower Semiconductor and Alcyon Photonics Announce Collaboration to Accelerate Integrated Photonics Innovation
- Qualcomm initiates global anti-trust complaint about Arm
- EnSilica Agrees $18m 7 Year Design and Supply ASIC Contract
- SiliconIntervention Announces Availability of Silicon Based Fractal-D Audio Amplifier Evaluation Board
Most Popular
- Qualcomm initiates global anti-trust complaint about Arm
- Siemens acquires Altair to create most complete AI-powered portfolio of industrial software
- Alphawave Semi Reveals Suite of Optoelectronics Silicon Products addressing Hyperscaler Datacenter and AI Interconnect Market
- EnSilica Agrees $18m 7 Year Design and Supply ASIC Contract
- Rapidus Announces Strategic Partnership with Quest Global to Enable Advanced 2nm Solutions for the AI Chip Era
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |