SAN JOSE, Calif., April 17, 2015 /PRNewswire/
-- Atmel® Corporation (NASDAQ: ATML), a leader in
microcontroller and touch solutions, today announced the sale of
XSense touch sensor assets to UniPixel, Inc. (NASDAQ: UNXL).
In connection with the transaction, Atmel has transferred its
XSense related manufacturing assets to UniPixel, which is also
assuming related costs, and has separately licensed to UniPixel its
XSense patent portfolio and other intellectual property, which
Atmel is retaining. The intellectual property licenses have
an initial five year term, renewable by UniPixel for an additional
ten years. Atmel will receive minimum royalties during the
initial five year term equal to $16.25
million, of which $9.33
million is being prepaid in cash at close. Atmel also
expects to provide transitional support to UniPixel for a limited
period.
About Atmel
Atmel is a worldwide leader in the design and manufacture of
microcontrollers, capacitive touch solutions, advanced logic,
mixed-signal, nonvolatile memory and radio frequency (RF)
components. Leveraging one of the industry's broadest intellectual
property (IP) technology portfolios, Atmel is able to provide the
electronics industry with intelligent and connected solutions
focused on the industrial, automotive, consumer, communications,
and computing markets.
©2015 Atmel Corporation. Atmel®, Atmel logo and combinations
thereof, and others are registered trademarks or trademarks of
Atmel Corporation or its subsidiaries. Other terms and product
names may be trademarks of others.
Investor Contact:
Peter
Schuman
Senior Director, Investor Relations
(408)
437-2026
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SOURCE Atmel Corporation