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sndk news on flash litigation and settlement

posted on Jan 03, 2008 08:11AM

SanDisk signs license deal with PNY

Thu Jan 3, 2008 10:28am EST

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(Reuters) - SanDisk Corp (SNDK.O: Quote, Profile, Research) said it signed a patent cross-license agreement with PNY Technologies to settle patent cases it filed against PNY regarding flash memory products.

Under the terms of the cross-license, specific terms of which were not disclosed, PNY will pay SanDisk royalties on flash memory products that were not previously licensed.

The agreement allows PNY to continue marketing and selling USB drives and CompactFlash cards, now as SanDisk licensed products.