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Tessera to Confront Amkor's Breach of License
SAN JOSE, Calif., Aug 07, 2009 (BUSINESS WIRE) -- Tessera Technologies, Inc. (Nasdaq: TSRA) today announced that arbitration involving Amkor Technologies has begun. The arbitration process will allow Tessera to address Amkor's breach of its license agreement with Tessera. Tessera previously notified Amkor of Amkor's noncompliance with the parties' agreement, and had recently stated that legal proceedings involving Amkor were likely.

"We believe that Amkor once again is in violation of its contract," stated Henry R. Nothhaft, president and chief executive officer, Tessera. "We have already begun proceedings to determine the extent of their actions and will take the necessary steps to protect our innovation and technology, our shareholders, and our licensees."

Tessera's intellectual property has been upheld repeatedly in court and private arbitration proceedings. Last year, an arbitration panel required Amkor to pay Tessera more than $60 million based on Amkor's prior breaches of its license. Tessera's action against certain companies in the International Trade Commission (ITC), Inv. No. 337-605, was recently completed, subject to appeals, with findings that Tessera's patents were valid and enforceable. The importation of certain unlicensed products using Tessera's intellectual property is currently prohibited by the U.S. government, and violations of the ITC's orders may carry penalties of up to $100,000 per day.

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 Tessera's litigation strategies, procedural schedules, and the actions of government entities. 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 December 31, 2008 and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2009, include more information about factors that could affect the company's financial results. Tessera assumes no obligation to update information contained in this press release. Although this release may remain available on Tessera's website or elsewhere, its continued availability does not indicate that Tessera is reaffirming or confirming any of the information contained herein.

About Tessera



Tessera Technologies, Inc., invests in, licenses and delivers innovative miniaturization technologies for next-generation electronic devices. The company's micro-electronics solutions enable smaller, higher-functionality devices through chip-scale, 3D and wafer-level packaging technology, as well as high-density substrate and silent air cooling technology. 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.

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, EVP and CFO, 408-321-6711
Moriah Shilton, Investor Relations, 408-321-6713

 
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