Under the agreement, Memjet will assume direct ownership and control of the intellectual property portfolio related to the Memjet technology, which includes some 4,000 issued and pending global patents.
Additionally, Memjet will assume direct control of all research, development and commercialisation activities for Memjet technology, including services previously provided to Memjet by Sliverbrook Research Pty. Ltd. from its North Ryde, facilities in Sydney, Australia. Kia Silverbrook, a co-founder of Memjet and President of Silverbrook Research, will continue to support Memjet as a special advisor to the Memjet Board of Directors and as an ongoing consultant.
"We're pleased that this agreement has been reached," said Len Lauer, president and CEO of Memjet. "With all litigation now resolved between the parties, Memjet is positioned to move forward and focus on bringing its disruptive technology to commercial, industrial and office printing markets worldwide."
Memjet has forged partnerships with some of the world's leading manufacturers and brands, including Lenovo, LG, and others. Memjet's Original Equipment Manufacturers (OEM) partner expansion is continuing at drupa, the world's largest printing industry trade show in Düsseldorf, Germany, where Memjet has jointly announced OEM news with industry leaders including Oce, a Canon Company, and Toshiba-Tec.
Memjet will make more announcements during the show.
"At drupa, Memjet and our OEMs are showcasing where digital printing is headed, which is fast, affordable color printing with lower cost of ownership, reduced hardware costs, print on-demand capabilities, and environmentally friendliness--an entirely new category of color digital printing," Lauer continued. "drupa is an exciting opportunity for everyone to see Memjet's technology in action across a variety of printing solutions and learn about our latest partnership news."
Memjet's revolutionary technology has been honored with several prestigious industry awards, including Popular Science Best of What's New for 2011, the Printing Industries of America InterTech(TM) Technology Award, the 2011 CONNECT Most Innovative New Product Award, the Angel Award for Wide-Format Innovation from Image Reports in the UK, and most recently, the Gold Medal in the 2012 Edison Awards.
Memjet
www.memjet.com/buzz
