Thursday, January 3rd 2008

PNY Signs License Agreement with SanDisk to Settle Patent Litigation

SanDisk Corp said it signed a patent cross-license agreement with PNY Technologies to settle patent cases it filed against PNY last year in Federal District Court and the International Trade Commission, regarding flash memory products. Under the terms of the cross-license, PNY will pay SanDisk royalties on flash memory products that were not previously licensed. The agreement allows PNY to continue marketing and selling USB drives and CompactFlash cards, now as SanDisk licensed products. Other specific terms of the cross-license are confidential.Source: SanDisk
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