Memory Corp licenses IP rights to Taiwanese, US companies
Will expand presence in the US market, CEO says
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. ®
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