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Everspin And Seagate Sign IP Patent Assignment And Licensing Agreements

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Everspin Technologies, developer and manufacturer of
Magnetoresistive RAM (MRAM) persistent memory solutions, announced an IP
cross-licensing agreement with Seagate Technology, a provider of data storage solutions.
Both companies hold an extensive portfolio of IP that is further strengthened
by this agreement including the assignment and licensing of MRAM patents from
Seagate to Everspin as well as licensing of specific Tunneling
Magnetoresistance (TMR) patents from Everspin to Seagate.

Under the terms of the license agreement, both companies
receive substantial benefit. The patents involved in the assignment and
licensing span many years of research and development and include patents from
the US, Japan, China, and Republic of Korea. Everspin gains license to
additional patents regarding MRAM technology to add to its IP portfolio while
Seagate gains license to TMR IP for its use in HDD read/write head technology.

“IP is the life blood of the semiconductor and memory
industry, providing critical intellectual and research and development
protection for our products and services,” said Angelo Ugge, Everspin Vice
President of Business Development. “This agreement clearly demonstrates that
our patent portfolio is delivering significant value to Everspin as well as
storage industry leaders like Seagate.”

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