Memjet has reached an agreement that it said clears the way for the continued commercialisation of its colour inkjet printing technology.
Under the agreement, Memjet will assume direct ownership and control of the intellectual property portfolio related to the Memjet technology, which includes some 4,000 issued and pending global patents.
Additionally, Memjet will assume direct control of all research, development and commercialisation activities for Memjet technology, including services previously provided to Memjet by Silverbrook Research Pty. Ltd. from its North Ryde, facilities in Sydney, Australia. Kia Silverbrook, a co-founder of Memjet and president of Silverbrook Research, will continue to support Memjet as a special advisor to the Memjet board of directors and as an on-going consultant.
"We're pleased that this agreement has been reached," said Len Lauer, president and CEO of Memjet. "With all litigation now resolved between the parties, Memjet is positioned to move forward and focus on bringing its disruptive technology to commercial, industrial and office printing markets worldwide."
www.memjet.com