MagSil Corporation and Seagate Technology Resolve Patent Infringement Lawsuit
14 Luglio 2009 - 2:00PM
Marketwired
MagSil Corporation (MagSil) announced today that the litigation
between MagSil and Massachusetts Institute of Technology (MIT), on
the one hand, and Seagate Technology (NASDAQ: STX) and Maxtor
Corporation, on the other hand, has been satisfactorily resolved by
an out of court settlement, and the Seagate and Maxtor entities
have received licenses to the patents at issue in the lawsuit.
The litigation, pending in a Federal court in Delaware, remains
ongoing against several other defendants, including Hitachi Ltd.
(NYSE: HIT), Samsung Electronics Co., Ltd. (KSE: 005930), Western
Digital Corporation (NYSE: WDC), Toshiba America, Inc. (a
subsidiary of Toshiba Corporation), Headway Technologies, Inc. (a
subsidiary of TDK Corp.), and ExcelStor Technology, Inc. In the
litigation, the defendants were accused of infringing two patents
owned by MIT and exclusively licensed to MagSil, by making and
selling hard disk drives or hard disk drive components using
Tunneling Magnetoresistive (TMR) technology.
"We are pleased with the settlement and we look forward to a
favorable resolution of our claims against the remaining
defendants," said Jay Kamdar, President & CEO of MagSil
Corporation. "MagSil has developed breakthrough magnetic memory
technology for the next generation of mobile consumer, computing
and storage systems. Our intellectual property is important to our
business and product commercialization."
MagSil and MIT are represented in the litigation by McKool Smith
P.C. and by Morris, Nichols, Arsht & Tunnell LLP.
About MagSil Corporation
MagSil Corporation, headquartered in Santa Clara, California,
has developed a pioneering Magnetoresistive Random Access Memory
(MRAM) technology. MagSil's patented innovative Magnetic Recording
(iMR) cell architecture combines the best of magnetic technology
with mainstream semiconductor manufacturing processes, enabling the
development of a disruptive technology for stand-alone and embedded
MRAM products. MagSil's technology resolves the performance
barriers currently experienced by system designers in legacy memory
technologies. MagSil's MRAM solutions provide the needed
combination of higher performance, lower power, non-volatility, and
superior endurance to realize next generation digital products;
from mobile wireless, solid state drives, and consumer
entertainment solutions to imaging, automotive, energy management
and security devices. MagSil's MRAM technology is silicon-proven,
highly scalable, and manufacturing friendly yielding the most
reliable, high density, ultra low-power, and cost-effective memory
solutions. More information is available on MagSil's website at
http://www.magsil.com.
Note: references to corporate, product or other names may be
trademarks or registered trademarks of their respective owners.
COMPANY CONTACT: Jay Kamdar MagSil Email Contact 408.988.4100
ext. 203 MEDIA / ANALYST CONTACT: Rafael Larin Emissary
Communications Email Contact 818.541.9595
Grafico Azioni Seagate Technology (NASDAQ:STX)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Seagate Technology (NASDAQ:STX)
Storico
Da Lug 2023 a Lug 2024