Data I/O Patent Sale Nets $3.3M PDF Print E-mail
Written by Mike Buetow   
Tuesday, 25 March 2008 04:46
REDMOND, WA – Data I/O Corp. has sold selected patents and patent applications to Leannoux Properties for approximately $3.3 million. The company expects to report a net gain of $2.1 million.

The patents and patent applications sold related primarily to technology used in Data I/O ProLINE-RoadRunner product line. As part of the deal, Data I/O retains a nonexclusive, royalty-free license to use the technology.

Additional payments are due to Data I/O upon license or transfer of the proposed patents and patent applications to certain third parties. However, Data I/O said it does not anticipate any payments.

Most of the patents sold relate to technology the company has been practicing for years, and does not include technology related to its most recent development programs.

Last Updated on Tuesday, 25 March 2008 04:47
 

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