Rambus Buys Tech from GLT
LOS ALTOS, Calif., Dec. 15, 2009 – Rambus Inc., a global technology licensing company, announced it has acquired technology and a portfolio of advanced lighting and optoelectronics patents from Brecksville, Ohio-based Global Lighting Technologies Inc. for $26 million. These patented innovations, which include MicroLens light distribution technology, broaden Rambus’ solutions for computing and consumer electronics.
In addition, it is expected that 12 people will join Rambus from GLT, including Jeff Parker, GLT’s co-founder, former chief executive officer and principal inventor. Most of those joining from GLT will form a new Lighting Technology Division led by Parker. He and his engineering team will continue the development of Rambus’ newly acquired innovations and provide complete lighting solutions for customers based on this breakthrough technology.
Also joining Rambus is Chris Pickett, formerly GLT’s president of the Licensing Division and general counsel, who will serve as a senior licensing executive for the Lighting Technology Division.
A key application area for the acquired innovations is LED backlighting of LCDs. LED backlighting solutions are increasingly pervasive in LCD displays for computers, mobile phones, gaming systems and HDTVs, offering advantages in image quality, power efficiency and reliability. These newly acquired innovations enable cost-effective and ultrathin form factor LCD displays. They are also important for new applications such as advanced LED-based general lighting solutions.
As a technology licensing company, Rambus can accelerate the market adoption of LED backlighting solutions across a broad range of applications. Through this agreement, Rambus has acquired 84 issued patents encompassing numerous innovations in advanced lighting and optoelectronics. GLT will continue its operations as a leading developer and manufacturer of display backlighting products and now becomes a Rambus licensee for the newly acquired patents and technology.
Rambus management discussed the acquisition during a special conference call, which will be webcast on the Rambus Web site. A replay will also be available for one week at the following numbers: (888) 203-1112 (domestic) or (719) 457-0820 (international) with ID# 3063402.
To access the webcast, visit: investor.rambus.com