Taiwan's Nanya Technology licenses memory patents from Mosaid for 7 more years

sources: winnipegfreepress    21/7/2010 17:17:32

OTTAWA - Ottawa-based patent firm Mosaid Technologies Inc. (TSX:MSD) has signed a new agreement with Nanya Technology Corp., Taiwan's leading vendor of computer memory chips.

Under the seven-year agreement, Nanya gets the right to use Mosaid's memory patents in return for undisclosed royalty payments to the Canadian firm.

The new deal goes into effect on Oct. 1, after the current five-year agreement between the companies expires on Sept. 30.

"It is very positive that Nanya, a global company and the leading DRAM vendor in Taiwan, chose to enter into a new patent licence agreement with a term that is two years longer than its current agreement," John Lindgren, Mosaid's president and CEO, said in a statement.

"The new agreement, with the exception of the longer term, is similar to Nanya's existing agreement, reflecting the continued technical strength of Mosaid's semiconductor memory patent portfolio and the broad geographic coverage of our patented inventions."

Mosaid shares traded Tuesday at $22.26, up six cents at the Toronto Stock Exchange.