U.S. Gold Corp. (NASDAQ:USAU)
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5 Years : From Oct 2012 to Oct 2017
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
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.
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