IPValue affiliate licenses Sandisk to patent portfolio

IPValue Management, Inc. has announced that it has granted California-based Sandisk Corporation a worldwide, nonexclusive patent license to a patent portfolio held by IPValue’s affiliate Longitude Flash Memory Solutions, Ltd. that originated from Cypress Semiconductor. 

IPValue and its affiliates concurrently granted licenses to other of its portfolios, and those agreements resolved all outstanding patent disputes between the parties, according to a media release.

Sandisk Corporation develops, manufactures and sells data storage devices and solutions using NAND flash technology. Its solutions include removable cards, embedded products, USB, drives, digital media players, wafers and components.

“We are pleased to have had productive negotiations with Sandisk, leading to a suitable and amicable resolution,” said Amit Garg, Vice President of IPValue and general manager of the LFMS program. “We remain committed to our mission of promoting innovation by generating fair value from the patent portfolios of the world’s top innovators, allowing prominent product companies like Sandisk to operate freely under license. Licensees who have worked with IPValue know that we are fact-based and fair, and we have the flexibility to meet their needs.”

IPValue works with technology enterprises to unlock value from their intellectual property portfolios. IPValue currently owns and manages the commercialization of over 12,000 patents, the media release said.