Monday, May 10, 2004

Recent report from Electronic News says Opticom Stops Polymer Memory Development with Intel.

The wheels of collaboration on organic thin-film transistors (TFT) have come to a grinding halt between Opticom ASA and Intel Corp.
Based on a agreement reaching back to late 1999, Opticom ASA subsidiary Thin Film Electronics ASA (TFE) said it believes it will not make further deliverables or continue development work with Intel, according to Opticom’s Q1 report, released on Wednesday. Intel first invested in Opticom ASA’s Thin Film Electronics ASA (TFE) subsidiary in November 1999 and began collaborating on the development of data storage module prototypes utilizing TFE’s thin polymer film technology. In 2000 , Opticom claimed to have broken the performance barrier with its organic TFT technology that enabled a higher cycle speed than flash memory with true random access writing and erasure, according to the company at the time. In June 2001, Intel made a second investment of $7.85 million in TFE, increasing its stake in the company to 13 percent. At that time, the companies entered into a second license agreement that gave Intel the right to take up a non-exclusive royalty-bearing license in additional fields of use and provided a framework for the companies to enter into a possible productization phase. Based on this latest report, Opticom said technical issues with Intel related to mass volume production under a productization and licensing agreement have not yet solved, therefore, even though the companies have been negotiating and no final decision has been made, TFE does not believe it will make further deliverables nor will it continue ongoing joint development work with Intel. Intel has paid $4 million of the license fee so far for the expanded field of use of TFE’s technology and TFE said Intel has expressed its intention to pay the remaining two installments, however, as it is not a contractual obligation, Intel may choose to abandon the expanded license before that occurs. Intel has not yet released any written statements regarding the matter.

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