Spansion Partners With IPVALUE to Commercialize Patent Portfolio | Cypress Semiconductor
Spansion Partners With IPVALUE to Commercialize Patent Portfolio
SUNNYVALE, Calif., Aug. 1, 2013 -- Spansion Inc. (NYSE: CODE), a global leader in Flash memory-based embedded systems solutions, today announced that it has selected IPVALUE Management as its worldwide partner to commercialize its patent portfolio. Under the multi-year agreement, IPVALUE will be responsible for originating and executing transactions related to patent licensing and sales.
"Research and development is critical to Spansion's innovation and leadership position in embedded markets. Since inception, our engineers and scientists have developed breakthrough semiconductor technologies, particularly in the areas of Flash memory, embedded systems and applications," said Scot Griffin, corporate senior vice president and general counsel of Spansion. "Our partnership with IPVALUE expands and enhances our ability to vigorously commercialize Spansion's intellectual property designed by our research teams."
"We are excited to partner with Spansion to drive new revenue-generating opportunities," said Murali Dharan, chief executive officer of IPVALUE. "Spansion has a long history of innovation as manifest in its patent portfolio. The portfolio includes seminal inventions contributed by AMD and Fujitsu at the formation of Spansion, as well as the very impressive recent advances generated by the Spansion team. IPVALUE has a proven track record of helping our partners realize over $1B in transaction revenue from their IP portfolios. We look forward to working with the Spansion team to deliver return on invention."
About IPVALUE Management
IPVALUE is the leading provider of Intellectual Property transactional and advisory services for the world's premier technology companies, R&D labs, and patent owners. Founded in 2001 with funding from General Atlantic LLC and Goldman Sachs, IPVALUE's mission is to deliver return on invention from significant patent portfolios. Since inception, the firm has generated over $1B in cash revenue from IP licensing and sales, operating either by representing IP owners as an agent or by forming Independent Licensing Companies to commercialize IP spun out from the original owners. For more information, visit www.ipvalue.com.
Spansion (NYSE: CODE) is a global leader in Flash memory-based embedded systems solutions. Spansion's Flash memory, microcontrollers, mixed-signal and analog products drive the development of faster, intelligent, secure and energy efficient electronics. Spansion is at the heart of electronics systems, connecting, controlling, storing and powering everything from automotive electronics and industrial systems to the highly interactive and immersive consumer devices that are enriching people's daily lives. For more information, visit http://www.spansion.com.
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