OTTAWA, Ontario — February 02, 2009 — MOSAID Technologies Inc. (TSX:MSD) today announced that it has signed a worldwide, non-exclusive wireless patent license agreement with Nokia Corporation of Finland.
Under the terms of the patent portfolio license agreement, MOSAID grants Nokia a license under MOSAID's wireless technology patents, as well as certain other patents, covering the company's products sold globally under the Nokia brand name. All other details of the agreement are confidential.
"Nokia, the world leader in the mobile phone industry, is the first major vendor of Wi-Fi enabled handsets to license MOSAID's wireless patents," said John Lindgren, President and Chief Executive Officer, MOSAID. "This agreement confirms the strength of our fundamental wireless patents, which apply to a wide range of Wi-Fi enabled products and systems, including smart phones, laptop computers, gaming consoles and wireless infrastructure products, such as Wi-Fi routers."
Management will hold an analyst conference call and webcast on Monday, February 2, 2009 at 5:00 p.m. EST to discuss the agreement with Nokia, and other licensing activities. The webcast will be live at www.mosaid.com and may also be accessed by dialing 1-800-264-7882. The webcast will be available on MOSAID's web site for 90 days following the event.
MOSAID Technologies Inc. is one of the world’s leading intellectual property companies. MOSAID develops semiconductor memory technology and licenses patented intellectual property in the areas of semiconductors, and wired and wireless communications systems. MOSAID counts many of the world's largest semiconductor companies among its customers. Founded in 1975, MOSAID is based in Ottawa, Ontario.
For more information, visit www.mosaid.com.
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