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Mosaid gains wireless patent portfolio

Posted: 08 Sep 2011     Print Version  Bookmark and Share

Keywords:wireless patent  patent application  mobile communication 

Mosaid Technologies Inc. is now the holder of 400 patent families consisting of about 2,000 wireless patents and patent applications originally filed by Nokia following the closure of the merger deal with Core Wireless Licensing S.a.r.l.

The patents and patent applications cover technologies used in mobile communications devices and services. One hundred of the patent families, consisting of about 1,200 patents and applications, have been declared essential to second, third and fourth-generation communication standards, including GSM, UMTS/WCDMA and LTE. The rest of the portfolio consists of roughly 800 wireless implementation patents.

Based on its extensive experience in the industry, Mosaid believes that revenues from licensing, enforcing and monetizing this wireless portfolio will surpass the company's total revenues since its formation in 1975. "This is one of the strongest standards-essential wireless portfolios available on the market, and we are thrilled that we have acquired this outstanding portfolio and have the opportunity to monetise it," stated John Lindgren, Mosaid's president and CEO.

Under the terms of agreement, Mosaid will fund its acquisition of the portfolio through royalties from future licensing and enforcement revenues. The company will also record all future royalties received from monetizing the patents as revenue. Core Wireless will retain about one-third of gross royalties from future licensing and enforcement of the patents and will bear all the costs associated with their administration, licensing, enforcement and monetisation.

The acquired portfolio is generally not transferable by Core Wireless. In the event of a change of control of Mosaid, the contract parties have the right to require Mosaid to transfer the patents to a third party for nominal consideration.

Additionally, Core Wireless' on-going ownership of the portfolio is subject to minimum future royalty milestones.

Mosaid is maintaining its previously announced guidance for revenue and adjusted net income for fiscal year 2012, with Core Wireless operating as a wholly owned subsidiary.

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