The firm offers worldwide coverage with over 500 professionals in 24 locations across America, Asia and Europe. GCA Advisors, LLC is the US entity of GCA, a global investment bank that provides strategic M&A and capital markets advisory services to growth companies and market leaders. “We are pleased to enter into this agreement as it represents our first MEMS intellectual property licensee, and a substantial licensee of our industry-leading smartphone imaging FotoNation technologies focused primarily on the China market,” said Thomas Lacey, Chief Executive Officer of Tessera Technologies, Inc. “We view this as an initial step in a long-term relationship with O-Film.” O-Film is responsible for substantially all MEMS-related operating costs, including DOC’s Arcadia facility, from the signing of the agreement through the close of the transaction, in exchange for DOC’s cooperation to prepare the facilities for operation by O-Film following the closing. Additionally, O-Film is required to pay DOC an additional non-refundable fee of $2 million by May 2 nd to retain an option to purchase leasehold improvements related to DOC’s Taiwan manufacturing facility. The closing of the transaction is expected to be completed byOctober 2014, and is subject to customary closing conditions, including required government approvals in China and Taiwan.Īs previously announced, upon signing the letter of intent, O-Film made a $5 million non-refundable deposit applicable to the $50 million purchase price. #TESSERA SAN JOSE LICENSE#(“Shenzhen O-Film,” together with affiliates, collectively, “O-Film”) whereby O-Film will pay DOC $50 million, consisting of a $20.5 million prepaid royalty and support fee for a non-exclusive license to specific FotoNation product features, $7.5 million for a non-exclusive license for core MEMS auto-focus and other related intellectual property, an undisclosed future per unit royalty for MEMS-based camera modules, $22 million for certain manufacturing equipment and supplies, and certain non-core patents and patent applications (including patents and patent applications for Wafer Level Optics, Micro Optics and camera module technology). SAN JOSE, Calif.–(BUSINESS WIRE)– Tessera Technologies, Inc. (NASDAQ:TSRA) (“Tessera” or the “Company”) announced that the Company and its wholly-owned subsidiary DigitalOptics Corporation (together with its subsidiaries, “DOC”) has entered into a definitive agreement (the “Agreement”) with Shenzhen O-Film Tech Co., LTD. Tessera to Receive $50 Million, Comprised of Fotonation Prepaid Royalties, MEMS IP License, Equipment Sale and Sale of Selected Non-Core Patents
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