REDMOND, WA – Data I/O Corp. announced the sale of selected patents and patent applications to Leannoux Properties AG for approximately $3.3 million.
 
The company expects a net gain of approximately $2.1 million, subject to customary closing conditions.
 
The proposed patents and applications to be sold relate primarily to technology used in Data I/O's Proline RoadRunner line. The company will retain a nonexclusive, royalty-free license.
 
The agreement includes customary representations and warranties for a transaction of this nature, including without limitation, representations and warranties regarding authority, title and validity.
 
The sale does not include technology related to the firm's most recent development programs.
 
Leannoux Properties is an unrelated party with no other material relationship to Data I/O.
 

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