SUNNYVALE, Calif. & NEWPORT BEACH, Calif.--(BUSINESS WIRE)--
Rambus
Inc. (NASDAQ:RMBS), the innovative technology solutions company,
announced today it has transferred a portfolio of patent assets covering
display technologies to a subsidiary of Acacia
Research Corporation (NASDAQ:ACTG), the leader in patent licensing.
As part of this transaction, Rambus received an initial upfront payment
and is expected to receive subsequent payments. Specific terms of the
transaction are confidential.
"We are pleased to be working with Acacia as our licensing partner for
these patents because of their experience and success in monetizing IP.
This transaction enables us to deliver value to our shareholders while
we focus our resources and investments in other areas to bring invention
to market," said Dr. Ronald Black, president and chief executive officer
at Rambus.
"Acacia is delighted to be partnering with a technology innovation
leader like Rambus," commented Paul Ryan, chief executive officer at
Acacia. "The addition of these assets to our portfolio allows us to grow
our base of future revenues."
The set of patents involved in this transaction relate to certain
display technologies used in smartphones, tablets, computers, HDTVs and
other devices. Rambus has retained a license to use these patents and
will continue to build and refine its patent portfolio across its
various focus areas, utilizing a variety of ways to monetize its
intellectual property.
About Rambus Inc.
Rambus is the innovative technology solutions company that brings
invention to market. Unleashing the intellectual power of our
world-class engineers and scientists in a collaborative and synergistic
way, Rambus invents, licenses and develops solutions that challenge and
enable our customers to create the future. While best known for creating
unsurpassed semiconductor memory architectures, Rambus is also
developing world-changing products and services in security, advanced
LED lighting and displays, and immersive mobile media. Additional
information is available at www.rambus.com.
About Acacia Research Corporation
Acacia Research Corporation's subsidiaries partner with inventors and
patent owners, license the patents to corporate users, and share the
revenue. Acacia Research Corporation's subsidiaries control over 250
patent portfolios, covering technologies used in a wide variety of
industries. Information about Acacia Research Corporation and its
subsidiaries is available at www.acaciaresearchgroup.com
and www.acaciaresearch.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
This news release contains forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. These statements include those of Paul
Ryan relating to our licensing success, the expectation to receive
subsequent payments, and the growth of our base of future revenues are
based upon our current expectations and speak only as of the date
hereof. Our ability to become the licensing partner for companies, and
our ability to grow our base of future revenues by adding new patent
portfolios may differ materially and adversely from that expressed in
any forward-looking statements as a result of various factors and
uncertainties, including the economic slowdown affecting technology
companies, the ability to successfully develop licensing programs and
attract new business, rapid technological change in relevant markets,
changes in demand for current and future intellectual property rights,
legislative, regulatory and competitive developments addressing
licensing and enforcement of patents and/or intellectual property in
general, and general economic conditions. Our Annual Report on Form
10-K, recent and forthcoming Quarterly Reports on Form 10-Q, recent
Current Reports on Forms 8-K and 8-K/A, and other SEC filings discuss
some of the important risk factors that may affect our business, results
of operations and financial condition. We undertake no obligation to
revise or update publicly any forward-looking statements for any reason.
RMBSFN
Schwartz MSL for Rambus
Dan O'Mahony
Darah Roslyn
415-512-0770
rambus@schwartzmsl.com
or
Acacia
Research Corporation
Rob Stewart
Investor Relations
Tel:
949-480-8300
Fax: 949-480-8301
or
SpecOps Communications
Adam
Handelsman
President & Founder
212-518-7721
adam@specopscomm.com
Source: Acacia Research Corporation
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