Feeds

Memory Corp licenses IP rights to Taiwanese, US companies

Will expand presence in the US market, CEO says

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Memory Corp has licensed elements of its intellectual property rights to a Taiwanese and a US company. At the same time, it has revealed it will expand its presence in other territories, including the US. The UK company, which is listed on the AIM stock exchange, signed a deal with Vincom, in which the Taiwanese company will pay Memory Corp an upfront fee in addition to royalty payments. It also signed a deal with Sunnyvale company Modern Media Memory (MMM). This is a FLASH memory licensing and distribution agreement where MMM will use the Memorys controller in all future FLASH card designs. DMC, a joint venture between Memory Corp and distributor Datrontech, will distribute the cards in Europe. David Savage, CEO of the company, said that he was looking to expand Memory Corp business, which has grown 500 per cent year on year, into the US. "Our relationship with Datrontech is working very well. The question is how you get to market and to customers and we needed some channels to market," he said. "We're using intellectual property and trying to avoid owning large amounts of memory technology," Savage said. "We have a very strong presence in Europe, in Taiwan, and in Japan where Sumitomo represents us," he said. "We have less of a presence in the US." The company turned over £10 million in the first half of 1998, and its next quarterly results will arrive in the second week of October. He said that the memory business had definitely reached the bottom and that Memory Corp was seeing 64Mbit parts stabilise. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.