Monday, July 27, 2009

Power-One, Inc. and Powervation, Ltd Announce Patent License

CAMARILLO, Calif. & LIMERICK, Ireland & PALO ALTO, Calif.--(BUSINESS WIRE)--Power-One, Inc. (Nasdaq: PWER), a leading provider of power conversion and power management solutions, and Powervation, Ltd., a provider of Auto-Control™ digital power IC solutions, today announced that they have entered into a non-exclusive Field of Use license for Powervation under Power-One’s digital power technology patents. The license does not extend to stand-alone power supplies using Powervation products.

“We are pleased that Powervation has licensed our digital power technology for use in its power smart devices,” said Richard Thompson, President and CEO of Power-One. “This agreement furthers Power-One’s initiative to work with technology leaders to offer creative power solutions worldwide.”

“We believe that our differentiated digital energy control semiconductor and system solutions provide substantial benefits to our customers for managing the power delivery and energy efficiency of information processing systems. Our collaboration with Power-One on the intellectual property for systems level communication and digital power control means that our customers can easily move to the next level of power architecture implementation and maximize the compelling benefits of Powervation’s technologies and solutions,” said Antoin Russell, CEO of Powervation.

Wednesday, July 22, 2009

Alien Technology® Achieves Favorable Outcome in Legal Proceedings Against Avery Dennison

MORGAN HILL, CA--(Marketwire - July 22, 2009) - Alien Technology is pleased to announce positive outcomes related to patent infringement claims filed by Avery Dennison. In 2008, Avery Dennison filed suit against Alien® in federal district court in Ohio asserting that Alien's manufacturing and testing processes infringe Avery Dennison's patents. Following a reexamination request, the US Patent and Trademark Office rejected as invalid all claims of Avery Dennison's asserted manufacturing patents. In March 2009, a federal district court judge denied Avery Dennison's request for preliminary injunction against Alien. In June 2009, Avery Dennison's asserted testing patents were dismissed. The latest in a series of outcomes favorable to Alien occurred this week when the judge granted Alien's motion to stay the litigation involving Avery Dennison's asserted and now invalid manufacturing patents. Alien Technology respects intellectual property rights, but it is also prepared to defend itself against actions that lack merit. This latest outcome puts to rest any fear, uncertainty and doubt which may have been instilled in the marketplace.

Alien Technology's proprietary and patented Fluidic Self Assembly (FSA®) and inlay Strap-attach production techniques have long been a hallmark of Alien Technology. These manufacturing processes and techniques are superb for stable, high volume inlay production and will be instrumental when the RFID market reaches higher volumes.

Editor's note: US Patents involved: 6,951,596; 7,292,148; 7,307,527

Wednesday, July 15, 2009

David Orton Appointed Chief Executive Officer of Aptina

SAN JOSE, Calif.--(BUSINESS WIRE)--Aptina’s Board of Directors announced today the appointment of David Orton to Chief Executive Officer and a member of the Board of Directors of Aptina as of August 5, 2009. David Orton succeeds Nicholas Brathwaite who has been the CEO since April 2008 and who will assume the position of Chairman of the Board of Directors for Aptina. Aptina is now independent and privately held following the sale by Micron Technology, Inc. of a majority interest to Riverwood Capital and TPG Capital on July 10, 2009. Micron has retained a 35% minority interest in Aptina.

Orton, 53, most recently served as CEO at venture-backed start up, DSM Solutions. Prior to that, Orton was Executive Vice President of Visual and Media Businesses for AMD following the company’s acquisition of ATI Technologies, a global fabless semiconductor company. Prior to this acquisition, Orton served as the president and chief executive officer of ATI from 2000 to 2006. Under Orton’s leadership, ATI went from a single product line to four major product lines, growing the company’s revenue from $1B in 2000 to $2.4B in 2005. Prior to joining ATI, Orton was President and Chief Executive Officer at the high-performance 3-D graphics company, ArtX, Inc., which was acquired by ATI in 2000. Prior to joining ArtX, Orton served in a number of senior management roles at SGI, including Senior Vice President & General Manager of Visual Systems Group and prior to that as Vice President and General Manager of the Advanced Graphics Division. His experience also includes graphics and semiconductor work for General Electric and Bell Laboratories. Orton holds several patents in graphics and computer architecture. Orton earned a Bachelor of Science degree in mathematics and economics at Wake Forest University, and a Master of Science degree in electrical engineering from Duke University.

Tuesday, July 14, 2009

AuthenTec Acquires Assets of Atrua Technologies

MELBOURNE, Fla., July 14, 2009 – AuthenTec (NASDAQ: AUTH), the world’s leading provider of smart fingerprint sensors and solutions, announced today that it has completed a transaction to acquire the assets of fingerprint sensor maker Atrua Technologies for approximately $4.9 million in cash. The asset purchase further extends AuthenTec’s industry leading position in the wireless market and adds to its expansive intellectual property (IP) portfolio. Papers have also been filed with the Federal District Court for the Northern District of California to effect the dismissal of all claims pending in AuthenTec’s patent infringement suit against Atrua as well as Atrua’s counterclaims.

Through this transaction, AuthenTec acquired certain Atrua assets including its “Fingerprint Touch Control” and “Micro Pressure Control” products, as well as technologies and IP associated with the Atrua fingerprint sensor hardware and software. The acquired IP includes more than 30 issued and pending U.S. patents, focused primarily on fingerprint sensor and intelligent touch controls for mobile devices, bringing AuthenTec’s total patent portfolio to more than 100 issued and pending U.S. patents.

AMIMON Secures $10 Million for Round D

SANTA CLARA, CA--(Marketwire - July 14, 2009) - AMIMON Inc., the market leader in wireless HD semiconductor solutions, today announced that it has raised $10 million in its latest round of funding. Led by Stata Venture Partners, this series D round of financing included all significant investors from prior rounds, in particular: Argonaut Private Equity, Cedar Fund, Evergreen Venture Partners, Walden Israel and Motorola through their strategic venture capital, Motorola Ventures.

AMIMON's chipsets have been shipping in volume embedded in wireless HDTVs and video accessories by leading TV OEMs selling AMIMON-based products in the US, Europe and Japan. AMIMON's wireless technology has also enabled breakthrough products in the medical imaging and professional video markets. Applying unique smart algorithms originating from Information Theory foundations: AMIMON's strong technical team has already developed and successfully launched six different chips with its prior funding. Engineering strengths coupled with a high-level of execution allowed for effective and efficient use of capital.

Earlier this year AMIMON announced its second generation chipset designed for the WHDI™ (Wireless Home Digital Interface™) standard. It's the world's only chipset capable of wirelessly delivering full uncompressed 1080p/60Hz HD content throughout the entire home. WHDI chipsets will be integrated into wireless HDTV products and other WHDI devices from leading CE manufacturers.

"We are experiencing strong acceptance of our newly introduced 1080p/60Hz chipset; the additional funding will allow Amimon to seize this opportunity to solidify our leadership position," said Dr. Yoav Nissan-Cohen, chairman and CEO of AMIMON. "We will use this round of funding to enhance production and expand our worldwide operations to meet growing global demand for our technology in the consumer electronics market as well as the medical and professional video markets."

"We are impressed with Amimon's efficient use of capital to develop products that work in the real world," said Lee Barbieri, Managing Partner of Stata Ventures. "It's clear by the industry's adoption, AMIMON offers a superior technology and this investment reaffirms our strong belief and increased confidence in AMIMON's technology."

"The investment in AMIMON reflects Motorola's continued support for the company and the WHDI standard," said Paul Moroney, Motorola Fellow, CTO Office, Motorola Home and Networks Mobility. "This investment will help accelerate mass market adoption of WHDI as the standard for wireless HD connectivity to the display."

AMIMON is a fabless semiconductor company pioneering wireless uncompressed high-definition video for universal connectivity among CE video devices. AMIMON is a founding member of the WHDI™ (Wireless Home Digital Interface) SIG formed by leading CE companies to define a new industry standard for multi-room wireless HDTV connectivity.
AMIMON is headquartered in Herzlia, Israel, with offices in Santa Clara, Calif., USA; Tokyo, Japan; and Seoul, Korea. More information is available at www.amimon.com and www.whdi.org.

Friday, July 10, 2009

Microtune Announces Agreement to Acquire Auvitek

PLANO, Texas & SHANGHAI--(BUSINESS WIRE)--Jul. 10, 2009-- Microtune®, Inc. (NASDAQ: TUNE) today announced the signing of a definitive agreement to acquire privately-held Auvitek International, Ltd. for approximately $9 million in cash and stock and with a potential earn-out if certain performance targets are met, all subject to various standard closing conditions. The acquisition is expected to close during the month of July.

Microtune, inventor of the single-chip TV tuner, is a leading supplier of radio frequency (RF) silicon and systems solutions for the cable TV, digital TV (DTV) and automotive entertainment markets. Auvitek is a supplier of advanced DTV demodulator integrated circuits (ICs) for the HDTV and TV-enabled peripherals markets with primary engineering operations based in Shanghai, China. The addition of Auvitek’s complementary digital components will transform Microtune from a pure-play tuner supplier to a developer of highly integrated RF-to-bits solutions.

Upon the close of the acquisition, Auvitek will be wholly-owned by Microtune. Birch will become Vice President and General Manager of the newly-formed Microtune Digital Television Business, reporting to Executive Vice President, Barry F. Koch.

Under the terms of the agreement, Microtune will pay approximately $6.8 million in cash and one million shares of Microtune stock, with a current value of approximately $2.2 million, for the Auvitek business.

Thursday, July 9, 2009

SMSC Announces Agreement to Acquire Tallika Corp.

HAUPPAUGE, N.Y.--(BUSINESS WIRE)--SMSC (NASDAQ: SMSC) today announced that it has signed an agreement to acquire Tallika Corporation (Tallika), a team of approximately 50 highly skilled engineers located in design centers in Chennai, India and Phoenix, Arizona. This team will bring to SMSC a broad set of capabilities, including SoC and software development. The Tallika and SMSC teams have previously worked together on various projects including transceiver development, chip design and pre-silicon verification. SMSC has agreed to pay approximately $3.4 million to purchase Tallika. The acquisition is expected to be non-dilutive and to close in August 2009.

Wednesday, July 8, 2009

Infineon to sell Wireline Communications Business to U.S. Investor

Neubiberg, Germany — July 7, 2009 — Infineon Technologies AG announces it has agreed to sell its Wireline Communications (WLC) business to an affiliate of U.S. based investor Golden Gate Capital for Euro 250 million. The contracts were signed today. This transaction means Infineon will focus in future on four segments: Automotive (ATV), Industrial & Multimarket (IMM), Chipcard & Security (CCS) and Wireless Solutions (WLS). In making this move, Infineon can concentrate its resources more closely on growth and leadership in these four market segments. The transaction will significantly improve Infineon’s financial situation. Closing is expected in autumn 2009.

Besides the WLC divestiture the stronger focus, enables Infineon to expand its leading technological position in the three key sectors energy efficiency, security and communications. As the Wireline Communications segment has limited dependence on the working and production processes of the company as a whole, the carve-out will involve reasonable effort.
Christian Wolff has been appointed CEO of the new company. He has led the division for many years, and has also held leading positions in the Wireline segment for 14 years. All products, business bases and development projects will be continued. Around 800 patent groups will be transferred. Therefore the customer will be guaranteed consistency in every respect.
Employment contracts for approximately 600 WLC employees will be transferred to the new company. Furthermore, an estimated 300 employees from Infineon central functions who already work on behalf of the WLC segment today are also designated to join the new company.

Monday, July 6, 2009

Evident Technologies Announces Company Restructuring Plan

Evident Technologies announced a filing in chapter 11 reorganization today and has asked the Bankruptcy court in Albany, New York to approve a debtor in financing package of $ 1.35 million. The filing was prompted by Evident’s inability to continue paying the exorbitant costs associated with a patent infringement case brought on by a large California-based life science company. The promise of substantial debtor in possession financing triggered by a chapter 11 filing was another driving reason for the bankruptcy filing. During the Chapter 11, Evident will operate under current management and continue research in nanotechnology and pursuit of commercialization of its patented technology.

“Defending a lawsuit in the Eastern District of Texas for patent infringement required us to spend at an unsustainable rate,” stated Clinton Ballinger, CEO. “The restructuring plan associated with the chapter 11 allows us to protect our business and operate the company going forward. We have reached an agreement with our secured creditors already and our customers and employees should see minimal impact.”