CUPERTINO, California – January 16, 2009 – Alliacense today announced that Verbatim® Americas, LLC, a subsidiary of Mitsubishi Chemical Corporation – a recognized world leader in the chemical and computer industries, has purchased a license to the CORE Flash™ Patent Portfolio from The TPL Group. The agreement makes Verbatim the eighth company to purchase a CORE Flash license in the past 15 months.
“We are delighted by the accelerated momentum of the CORE Flash Licensing Program,” stated Bruce Sanderson, Vice President of Licensing for Alliacense. “Following closely on the heels of our recent ASUSTeK announcement, the Verbatim agreement is another strong recognition of the value and competitive edge that CORE Flash technologies bring to this innovative consumer products firm.”
Alliacense developed the CORE Flash Portfolio Licensing Program to serve leading system manufacturers and marketers of consumer electronics, computer systems, and printers, as well as retail digital photofinishing service providers, according to Sanderson. He also stated that licensing opportunities are being discussed with dozens of major system manufacturers and marketers worldwide.
About the CORE Flash Portfolio
The CORE Flash Portfolio contains intellectual property that was developed and productized by The TPL Group’s OnSpec Division. The portfolio includes 21 U.S. and international patents and 18 patent applications. CORE Flash Portfolio innovations protect key aspects of flash memory management and control, including software, firmware, hardware, and mechanical designs.
Verbatim’s businesses in the Americas, Europe/Middle East/Africa and Asia Pacific regions are wholly owned subsidiaries of Tokyo-based Mitsubishi Kagaku Media Co., Ltd. MKM’s parent company, Mitsubishi Chemical Corporation (MCC), is Japan’s largest chemical company. Verbatim develops and markets innovative, high-quality products for storing, moving and using digital content. Known for its leadership in the optical, magnetic and flash storage and related accessories markets, the company provides reliable, unique technologies and products that are highly sought after and broadly distributed worldwide.
Alliacense is a TPL Group Enterprise executing best-in-class design and implementation of Intellectual Property (IP) licensing programs. As a cadre of IP licensing strategists, technology experts, and experienced business development/management executives, Alliacense focuses on expanding the awareness and value of TPL’s IP portfolios. Founded in 1988, The TPL Group has emerged as a coalition of high technology enterprises involved in the development, management and commercialization of proprietary product technologies as well as the design, manufacture and sales of proprietary products based on those technologies and corresponding IP assets. For more information, visit www.alliacense.com
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Alliacense and CORE Flash are trademarks of The TPL Group.
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