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2006 News Releases
"FOR IMMEDIATE RELEASE"
MOSAID and Caltech Form Patent Licensing Partnership
MOSAID to Exclusively Sub-License Caltech Patents
OTTAWA, Ontario - September 19, 2006 - MOSAID Technologies Incorporated (TSX: MSD) today announced that it has signed a patent licensing agreement with the California Institute of Technology (Caltech) in Pasadena, California to license certain Caltech patents relating to technologies used in wireless communications chips and systems, power management chips, and light emitting diodes.
Caltech has granted MOSAID an exclusive license, along with sublicensing rights, to a number of Caltech patents. MOSAID will exclusively license these patents to third parties and will share with Caltech a portion of the net licensing royalty revenues. MOSAID will also reimburse Caltech for expenses that Caltech incurred in obtaining the patents.
"Establishing a partnership with a world-leading research university is a major achievement for our patent licensing program," said Ted Galanthay, Senior Vice President, Patent Licensing and General Counsel (Acting), MOSAID. "Our expertise in identifying, developing and licensing intellectual property, combined with Caltech's innovative technologies, forms the basis for an on-going licensing relationship that will benefit both parties. We intend to work with Caltech to further identify other patents in their portfolio that we can license on their behalf."
"Licensing alliances will be an increasingly important element of our patent licensing strategy," said George Cwynar, President and Chief Executive Officer, MOSAID. "The partnership with Caltech further broadens the reach of MOSAID's licensing activity, and creates promising opportunities for increasing patent licensing revenues, without a significant investment of capital by MOSAID in research and development."
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 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.
For more information, please contact:
Investor Inquiries
Michael Salter
Director, Corporate Communications
613-599-9539 x1205
salter@mosaid.com |
Media Inquiries
Sara Haskill
Communications Specialist
613-599-9539 x1228
haskill@mosaid.com |
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