7/5/2002 - SanDisk Corporation (NASDAQ: SNDK) and Lead Data Inc. (Taiwan) announced today that they have entered into a patent cross-license agreement for SanDisk’s Flash memory card patents.
According to the terms of the agreement, Lead Data obtains a five year non-exclusive license to SanDisk’s flash memory card patents to manufacture and sell CompactFlash® and other specified flash memory cards, but excluding Secure Digital™ (SD) and Memory Stick® cards. SanDisk will receive licensing and royalty payments from Lead Data on worldwide sales of the licensed products. SanDisk also receives a non-exclusive license to Lead Data’s patent portfolio related to flash memory and flash memory cards. The license agreement is effective immediately. Financial details and other terms of the agreement are confidential.
Steven S. Baik, senior intellectual property counsel for SanDisk, said “SanDisk welcomes Lead Data as the latest licensee to our extensive portfolio of flash memory card patents. SanDisk is currently engaged in licensing negotiations with other companies that wish to participate in the flash card markets pioneered by SanDisk. Concurrently, SanDisk is vigorously pursuing legal enforcement against those companies who engage in selling unlicensed memory card products that infringe on our patents.”
“Lead Data welcomes this opportunity to work with SanDisk in this cross licensing agreement,” said L.S. Lin, president of Lead Data, Inc. “It will allow Lead Data to continue its growth in the electronic media arena as a significant complementary category to our other media categories of optical and printable media. We can now build this part of our business to provide superior quality flash memory media to consumers around the world.”
SanDisk Corporation, the world’s largest supplier of flash data storage products, designs, manufactures and markets industry-standard, solid-state data, digital imaging and audio storage products using its patented, high density flash memory and controller technology. San Disk is based in Sunnyvale, CA.
Lead Data, Inc., headquartered in HsinChu, Taiwan, is a leading producer of various computer-oriented media for the consumer market, mainly optical media (CD-R/RW and DVD-R/RW), electronic media (flash memory cards and readers) and printable media (inkjet photo paper and opaque, transparent and metalized films).
The matters discussed in this news release contain forward looking statements that are subject to certain risks and uncertainties including whether any parties currently in discussions with SanDisk will actually execute a license agreement, competition from other technologies, as well as other factors. The companies assume no obligation to update the information in this release.
Lead Data’s web site/home page address: http://www.leaddata.com.tw
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