KIRKLAND, Wash.--(BUSINESS WIRE)--
Pendrell Corporation (NASDAQ: PCO) announced today that its subsidiary
Memory Technologies LLC (MTL) entered into a patent license agreement
with Toshiba Corporation covering embedded memory technologies and
secure digital memory cards. The license agreement enables Toshiba's use
of standards essential and implementation inventions.
"We are very pleased to enter into this agreement with Toshiba
Corporation, which is a recognized pioneer in the memory technology
space," commented Mario Obeidat, vice president of licensing for
Pendrell. "This license agreement with Toshiba, which follows license
agreements with other industry leaders such as Samsung and SK hynix,
further validates the essential nature of our memory technologies, our
leadership in the development of breakthrough next-generation memory
solutions, and our commitment to entering into licenses on reasonable
and non-discriminatory terms."
ABOUT TOSHIBA CORPORATION
Toshiba Corporation, a Fortune Global 500 company, channels world-class
capabilities in advanced electronic and electrical product and systems
into three focus business fields: Energy that sustains everyday life,
that is cleaner and safer; Infrastructure that sustains quality of life;
and Storage that sustains the advanced information society. Guided by
the principles of The Basic Commitment of the Toshiba Group, "Committed
to People, Committed to the Future", Toshiba promotes global operations
and is contributing to the realization of a world where generations to
come can live better lives.
Founded in Tokyo in 1875, today's Toshiba is at the heart of a global
network of 550 consolidated companies employing 188,000 people
worldwide, with annual sales surpassing 5.7 trillion yen (US$50
billion). (As of March 31, 2016.)
To find out more about Toshiba, visit www.toshiba.co.jp/index.htm.
MTL is a wholly owned subsidiary of Pendrell Corporation (NASDAQ: PCO).
With its Finnish sister company, Helsinki Memory Technologies, MTL is on
the forefront of developing memory solutions that address the increasing
demand for higher memory capacity, cost efficiency, ease of
implementation and suitability for applications across a wide range of
consumer electronics devices. For more information, visit www.helsinkimemorytech.com.
For more information about Pendrell, visit www.pendrell.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160520005490/en/
Laurie Blain, 425-278-7140
Source: Pendrell Corporation
News Provided by Acquire Media