Dataram Leverages Intellectual Property Through Sale of Patent Assets
April 04 2012 - 3:43PM
Business Wire
Dataram Corporation (NASDAQ:
DRAM), a leading international manufacturer of computer memory,
storage and software products, announced today that it has sold
thirteen patents and two patent applications to Phan Tia Group Pte.
LLC, for a purchase price of $5 million. Under terms of the sale,
Dataram retains a license to continue to use the patents in current
and future Dataram products including XcelaSAN with limited rights
to transfer its license.
“This transaction represents an exceptional opportunity to fund
new growth initiatives while at the same time it protects our
current product portfolio. The license granted to Dataram under
this Agreement will also allow us to market, develop and sell
XcelaSAN as well as other existing and new Dataram products that
incorporate the technology based on these patents. They are all
protected under the Patent Purchase Agreement”, said John Freeman,
Dataram President and CEO.
The execution of this Agreement delivers a significant return on
the investment Dataram made several years ago when it committed to
use funds to convert certain intellectual property to tangible
patent assets. The patents which Dataram sold covered solid state
storage and caching products based on DRAM, flash and other solid
state technologies.
"Historically Dataram has been a company rich in innovation and
intends to maintain that position. An integral part of our overall
strategy is to continue to develop intellectual property and
convert those assets into patents. A number of Dataram’s patent
applications are not included in this transaction and we are in the
process of applying for additional patents”, said John Freeman,
Dataram President and CEO.
ipCapital Group assisted in patent valuation, and ipCapital
Licensing Company supported Dataram on the negotiation and
successful close of this transaction.
About Dataram
Founded in 1967, Dataram is a worldwide leader in the
manufacture of high-quality computer memory, storage and software
products. Our products and services deliver IT infrastructure
optimization, dramatically increase application performance and
deliver substantial cost savings. Dataram solutions are deployed in
70 Fortune 100 companies and in mission-critical government and
defense applications around the world. For more information about
Dataram, visit www.dataram.com.
All names are trademarks or registered trademarks of their
respective owners.
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