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SANDISK
AND SILICONSYSTEMS SIGN CROSS LICENSE
AGREEMENT COVERING FLASH PATENTS
SUNNYVALE, CA, June 25,
2004 - SanDisk Corporation (NASDAQ: SNDK) and SiliconSystems,
Inc., announced today that they have signed a cross license
agreement covering flash memory patents. According to the
terms of the agreement, SanDisk and SiliconSystems will
be cross-licensed to use flash system patents of both companies
for specifically defined product applications. Details of
the agreement are confidential.
Richard Chernicoff, vice president
of business development at SanDisk, said, “This license
agreement is tailored to SiliconSystems’ exclusive
focus on the enterprise system OEM market. We are pleased
with the agreement and look forward to future business cooperation
with SiliconSystems.”
“This agreement affords SiliconSystems the opportunity
to merge our cutting-edge technology with that of SanDisk,
the industry leader in flash technology. We look forward
to expanding our solid-state storage product line by building
on the unprecedented wealth represented by SanDisk’s
technology,” said Michael Hajeck, CEO of SiliconSystems.
SanDisk Corporation, the world’s largest supplier
of flash data storage products, designs, manufactures and
markets industry-standard, solid-state data, digital imaging
and audio storage products using its patented, high density
flash memory and controller technology. SanDisk is based
in Sunnyvale, CA.
SiliconSystems, Inc. designs, manufactures, and markets
solid-state storage products based on its patent-pending
SiliconDrive™ technology. The company provides a comprehensive
product line of solid-state storage solutions with an exclusive
market focus on the high performance/high reliability enterprise
system OEM market. SiliconSystems is based in Hawthorne,
California.
SanDisk’s website/homepage address:
http://www.sandisk.com
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