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.

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