Transmeta Licenses LongRun and Low Power Computing Technology To NVIDIA
06 Agosto 2008 - 3:05PM
Business Wire
Transmeta Corporation (NASDAQ:TMTA) today announced that it has
entered into an agreement with NVIDIA Corporation granting NVIDIA a
non-exclusive license to Transmeta锟絪 LongRun and LongRun2
technologies and other intellectual property for use in connection
with NVIDIA products. The agreement grants to NVIDIA a
non-exclusive and fully paid-up license to all of Transmeta锟絪
patents and patent applications, and a non-exclusive license and
transfer of certain Transmeta advanced power management and other
computing technologies. Under the agreement, NVIDIA agrees to pay
Transmeta a one-time, non-refundable license fee of $25.0 million.
The agreement also includes mutual general releases of all claims
by both parties. "We are very pleased to have achieved this license
agreement with NVIDIA," said Les Crudele, president and CEO of
Transmeta. "We believe that this agreement both illustrates the
value of Transmeta锟絪 intellectual property and technologies to our
industry and realizes for Transmeta stockholders an immediate
return from the strategic licensure of our intellectual property
rights." About Transmeta Corporation Transmeta Corporation develops
and licenses innovative computing, microprocessor and semiconductor
technologies and related intellectual property. Founded in 1995,
Transmeta first became known for designing, developing and selling
its highly efficient x86-compatible software-based microprocessors,
which deliver a balance of low power consumption, high performance,
low cost and small size suited for diverse computing platforms.
Transmeta is presently focused on developing and licensing its
advanced power management technologies for controlling leakage and
increasing power efficiency in semiconductor and computing devices,
and in licensing its computing and microprocessor technologies to
other companies. To learn more about Transmeta, visit
www.transmeta.com. Transmeta, LongRun and LongRun2 are trademarks
of Transmeta Corporation. Safe Harbor Statement This release
contains forward-looking statements made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Such statements speak only as of the date of this release,
and we will not necessarily provide updates of our projections or
other forward-looking statements. Investors are cautioned that such
forward-looking statements are subject to many risks and
uncertainties, and may differ materially or adversely from our
actual results or future events. We urge investors to review our
filings with the Securities and Exchange Commission, including our
most recent reports on Forms 10-K, 10-Q, and 8-K, which describe
important risk factors that could have an adverse effect on our
results. We undertake no obligation to revise or update publicly
any forward-looking statement for any reason.
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