February 1, 2010 -- MOSAID Technologies, Inc. has signed a worldwide, non-exclusive wireless patent license agreement with Sony Corporation of Japan. Under the terms of the patent portfolio license agreement, MOSAID grants Sony a fixed-payment term license under MOSAID's wireless technology patents, covering all Sony Wi-Fi enabled products. The effective date of the term license agreement is January 1, 2010. All other terms and conditions of the license agreement are confidential.
"We are now licensing our wireless patent portfolio into four markets: mobile handsets, notebook computers, gaming consoles and wireless infrastructure," said Michael Vladescu, Vice President, Licensing and Intellectual Property, MOSAID. "MOSAID has signed 13 wireless patent license agreements, and we look forward to continued success in licensing our wireless patents into multiple markets."