SAN JOSE, Calif.--(BUSINESS WIRE)--Apr. 16, 2009--
Tessera Technologies, Inc. (Nasdaq:TSRA) today announced that Motorola,
Inc. has extended its option agreement with Tessera that enables
Motorola to enter into a pre-negotiated license agreement with Tessera
and settle all outstanding litigation between the companies. Motorola
extended the option until 14 calendar days after the Final Determination
in Tessera's ongoing U.S. International Trade Commission (ITC)
Investigation 337-TA-605 (Wireless ITC action). Other detailed terms of
the agreements, including option fees, license fees and license
royalties, are confidential.
Motorola is one of the respondents in the Wireless ITC action. The ITC
is currently scheduled to issue a Final Determination in the Wireless
ITC action by May 20, 2009.
Tessera develops and delivers technologies for wireless, consumer and
computing products. The company's packaging and interconnect solutions
enable smaller, higher-functionality electronic devices. Tessera's
imaging and optics solutions provide low-cost, high-quality camera
functionality in electronic products and include image sensor packaging,
wafer-level optics and image enhancement intellectual property. The
company also offers customized micro-optic lenses, from diffractive and
refractive optical elements to integrated micro-optical subassemblies.
Tessera licenses its technologies, as well as delivers products based on
these technologies, to promote the development of the supply chain
infrastructure. The company is headquartered in San Jose, California.
For information call 1.408.321.6000 or go to www.tessera.com.
Safe Harbor Statement
This press release contains forward-looking statements, which are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve risks
and uncertainties that could cause actual results to differ
significantly from those projected, particularly with respect to any
agreements between Tessera and Motorola, procedural schedules, and the
actions of the ITC. Material factors that may cause results to differ
from the statements made include delays, setbacks or losses relating to
our intellectual property or intellectual property litigations, or any
invalidation or limitation of our key patents; fluctuations in our
operating results due to the timing of new license agreements and
royalties, or due to legal costs; changes in patent laws, regulation or
enforcement, or other factors that might affect our ability to protect
our intellectual property; the risk of a decline in demand for
semiconductor products; failure by the industry to adopt our
technologies; competing technologies; the future expiration of our
patents; the future expiration of our license agreements and the
cessation of related royalty income; the failure or refusal of licensees
to pay royalties; failure to achieve the growth prospects and synergies
expected from acquisition transactions; and delays and challenges
associated with integrating acquired companies with our existing
businesses. You are cautioned not to place undue reliance on the
forward-looking statements, which speak only as of the date of this
release. Tessera's filings with the Securities and Exchange Commission,
including its Annual Report on Form 10-K for the year ended Dec. 31,
2008, include more information about factors that could affect the
company's financial results.
Tessera and the Tessera logo are trademarks or registered trademarks of
Tessera, Inc. or its affiliated companies in the United States and other
countries. All other company, brand and product names may be trademarks
or registered trademarks of their respective companies.
Source: Tessera Technologies, Inc.
Tessera Technologies, Inc.
Michael Anthofer, 408-321-6711
Moriah Shilton, 408-321-6713