Invensas Corporation, a wholly owned subsidiary of Tessera Technologies, Inc. (Nasdaq: TSRA), announced today that ADATA Technology, one of the world’s largest vendors of DRAM modules and USB flash technologies, will design, manufacture, and sell xFD TM based memory modules into the server and data center markets.
“Invensas has been working with leading server OEMs as well as internet and social media companies to validate our xFD based memory solutions,” said Simon McElrea, president of Invensas. “We are delighted that their positive feedback has allowed us to partner with ADATA Technology to deliver, and work in partnership with our licensees to deliver, xFD based solutions into the server and data center markets.”
“xFD technology is an ideal platform to design and manufacture cost effective memory modules while improving performance, signal integrity, and thermal dissipation for our strategically important server and data center markets. We are excited to include this new innovative technology into our memory module product line,” said Ted Tsai, Sr. Manager, DRAM at ADATA.
Safe Harbor StatementThis 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 the features, characteristics and benefits of Invensas products and technology and ADATA designing, manufacturing and selling xFD memory modules. Material factors that may cause results to differ from the statements made include the plans or operations relating to the businesses; market or industry conditions of Tessera Technologies, Inc. (the “Company”); changes in patent laws, regulation or enforcement, or other factors that might affect the Company's ability to protect or realize the value of its intellectual property; the expiration of license agreements and the cessation of related royalty income; the failure, inability or refusal of licensees to pay royalties; initiation, delays, setbacks or losses relating to the Company's intellectual property or intellectual property litigations, or invalidation or limitation of key patents; the timing and results, which are not predictable and may vary in any individual proceeding, of any ICC ruling or award, including in the Amkor arbitration; fluctuations in operating results due to the timing of new license agreements and royalties, or due to legal costs; the risk of a decline in demand for semiconductor and camera module products; failure by the industry to use technologies covered by the Company's patents; the expiration of the Company's patents; the Company's ability to successfully complete and integrate acquisitions of businesses; the risk of loss of, or decreases in production orders from, customers of acquired businesses; financial and regulatory risks associated with the international nature of the Company's businesses; failure of the Company's products to achieve technological feasibility or profitability; failure to successfully commercialize the Company's products; changes in demand for the products of the Company's customers; limited opportunities to license technologies and sell products due to high concentration in the markets for semiconductors and related products and camera modules; the impact of competing technologies on the demand for the Company's technologies and products; and the reliance on a limited number of suppliers for the components used in the manufacture of DOC products. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. The Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended Dec. 31, 2012, and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2013, include more information about factors that could affect the Company's financial results. The Company assumes no obligation to update information contained in this press release. Although this release may remain available on the Company's website or elsewhere, its continued availability does not indicate that the Company is reaffirming or confirming any of the information contained herein.
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