Rambus Transfers Display Patents to Acacia Research Subsidiary
SUNNYVALE, Calif. & NEWPORT BEACH, Calif. -- March 7, 2013
Rambus Inc. (NASDAQ:RMBS), the innovative technology solutions company,
announced today it has transferred a portfolio of patent assets covering
display technologies to a subsidiary of Acacia Research Corporation
(NASDAQ:ACTG), the leader in patent licensing. As part of this transaction,
Rambus received an initial upfront payment and is expected to receive
subsequent payments. Specific terms of the transaction are confidential.
"We are pleased to be working with Acacia as our licensing partner for these
patents because of their experience and success in monetizing IP. This
transaction enables us to deliver value to our shareholders while we focus our
resources and investments in other areas to bring invention to market," said
Dr. Ronald Black, president and chief executive officer at Rambus.
"Acacia is delighted to be partnering with a technology innovation leader like
Rambus," commented Paul Ryan, chief executive officer at Acacia. "The addition
of these assets to our portfolio allows us to grow our base of future
The set of patents involved in this transaction relate to certain display
technologies used in smartphones, tablets, computers, HDTVs and other devices.
Rambus has retained a license to use these patents and will continue to build
and refine its patent portfolio across its various focus areas, utilizing a
variety of ways to monetize its intellectual property.
About Rambus Inc.
Rambus is the innovative technology solutions company that brings invention to
market.Unleashing the intellectual power of our world-class engineers and
scientists in a collaborative and synergistic way, Rambus invents, licenses
and develops solutions that challenge and enable our customers to create the
future. While best known for creating unsurpassed semiconductor memory
architectures, Rambus is also developing world-changing products and services
in security, advanced LED lighting and displays, and immersive mobile media.
Additional information is available at www.rambus.com.
About Acacia Research Corporation
Acacia Research Corporation’s subsidiaries partner with inventors and patent
owners, license the patents to corporate users, and share the revenue. Acacia
Research Corporation’s subsidiaries control over 250 patent portfolios,
covering technologies used in a wide variety of industries. Information about
Acacia Research Corporation and its subsidiaries is available at
www.acaciaresearchgroup.com and www.acaciaresearch.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
This news release contains forward-looking statements within the meaning of
the “safe harbor” provisions of the Private Securities Litigation Reform Act
of 1995.These statements include those of Paul Ryan relating to our licensing
success, the expectation to receive subsequent payments, and the growth of our
base of future revenues are based upon our current expectations and speak only
as of the date hereof.Our ability to become the licensing partner for
companies, and our ability to grow our base of future revenues by adding new
patent portfolios may differ materially and adversely from that expressed in
any forward-looking statements as a result of various factors and
uncertainties, including the economic slowdown affecting technology companies,
the ability to successfully develop licensing programs and attract new
business, rapid technological change in relevant markets, changes in demand
for current and future intellectual property rights, legislative, regulatory
and competitive developments addressing licensing and enforcement of patents
and/or intellectual property in general, and general economic conditions.Our
Annual Report on Form 10-K, recent and forthcoming Quarterly Reports on Form
10-Q, recent Current Reports on Forms 8-K and 8-K/A, and other SEC filings
discuss some of the important risk factors that may affect our business,
results of operations and financial condition. We undertake no obligation to
revise or update publicly any forward-looking statements for any reason.
Schwartz MSL for Rambus
Dan O’Mahony or Darah Roslyn, 415-512-0770
Acacia Research Corporation
Rob Stewart, 949-480-8300
Adam Handelsman, 212-518-7721
President & Founder
Press spacebar to pause and continue. Press esc to stop.