San Diego-based inkjet technology company Memjet announces that it has reached a key agreement with Australia-based technology company Sliverbrook Research, Ltd. that clears the way for the continued commercialization of Memjet's color printing inkjet technology.
Under the agreement, all legal claims between the parties will be withdrawn. 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 commercialization activities for Memjet technology, including services previously provided to Memjet by Sliverbrook Research from its North Ryde, facilities in Sydney. 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 ongoing consultant.
"We're pleased that this agreement has been reached," says 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."
Memjet has partnerships with a number of manufacturers and brands, including Lenovo, LG, Océ and others.