Ampex Corporation (fka AEXCA)

[micasey123]

Good news doesn't seem to matter until they do a FS to create liquidity.


Ampex Licenses Digital Still Camera Patents to Casio and Samsung Techwin
Business Wire - April 06, 2005 09:05

REDWOOD CITY, Calif., Apr 06, 2005 (BUSINESS WIRE) -- Ampex Corporation (OTCBB:AEXCA) today announced that it has concluded license agreements with two manufacturers of digital still cameras: Casio Computer Co., Ltd. (Casio), based in Japan, and Samsung Techwin Co., Ltd. (Samsung), based in Korea.

The agreements permit the use of several United States and foreign patents held by Ampex in the manufacture and sale of digital still cameras. The licenses provide that their terms are confidential.

Pursuant to the licenses, Ampex will receive during its second fiscal quarter negotiated payments totaling approximately $3 million to settle liability for past use of its patents prior to conclusion of the agreements. The foregoing payments also include non-refundable, non-forfeitable prepayments in respect of royalties due in the period through the first quarter of 2006. After that date the agreements permit Casio and Samsung to use Ampex patents in the manufacture of digital still cameras in return for running royalties based on sales of products that infringe any of the patents.
http://www.amtdrt.inlumen.com/bin/story?StoryId=CqLnEWbKbmdK2yJK0mJy