News
 

Bookmark and Share

(0) 

PNY Technologies, a well-known supplier of graphics cards, flash and random access memory modules, said this week it agreed to pay royalties to Sandisk Corp., a large supplier of flash-based products. As a result, Sandisk’s intention to obtain royalties from its competitors on the flash market begins to fulfill.

Back in October, 2007, Sandisk sued 25 suppliers of various flash-based devices claiming that USB flash drives, CompactFlash cards, multimedia cards, MP3/media players and/or other removable flash storage products infringe patents of Sandisk. The company was seeking damages and a permanent injunction in the federal court actions, as well as a permanent exclusion order from the U.S. International Trade Commission banning importation of the products into the United States. PNY has become the first company to resolve the legal dispute with Sandisk by signing a cross-licensing agreement.

“The cross-license agreement provides PNY a competitive market advantage by ensuring it can continue to market and sell USB drives and CompactFlash cards, now as Sandisk licensed products, and assures that PNY’s supply of such flash memory products will not be disrupted by the patent claims pending against other parties,” a statement by the two companies reads.

Under the terms of the cross-license, PNY will pay Sandisk royalties on flash memory products that were not previously licensed. The specific terms of the cross-license are confidential.

Discussion

Comments currently: 0

Add your Comment




Related news

Latest News

Thursday, August 28, 2014

12:22 pm | AMD Has No Plans to Reconsider Recommended Prices of Radeon R9 Graphics Cards. AMD Will Not Lower Recommended Prices of Radeon R9 Graphics Solutions

Wednesday, August 27, 2014

9:09 pm | Samsung Begins to Produce 2.13GHz 64GB DDR4 Memory Modules. Samsung Uses TSV DRAMs for 64GB DDR4 RDIMMs

Tuesday, August 26, 2014

6:41 pm | AMD Quietly Reveals Third Iteration of GCN Architecture with Tonga GPU. AMD Unleashes Radeon R9 285 Graphics Cards, Tonga GPU, GCN 1.2 Architecture

Monday, August 25, 2014

6:05 pm | Chinese Inspur to Sell Mission-Critical Servers with AMD Software, Power 8 Processors. IBM to Enter Chinese Big Data Market with the Help from Inspur

Sunday, August 24, 2014

6:12 pm | Former X-Bit Labs Editor Aims to Wed Tabletop Games with Mobile Platforms. Game Master Wants to Become a New World of Warcraft