Munich, Germany and Ottawa, Canada – August, 14, 2013 – The insolvency administrator over
the estate of Qimonda AG, Dr. jur. Michael Jaffé (the “Administrator”) and MOSAID Technologies
Inc. (“MOSAID”) today announced that they have entered into a Memorandum of Understanding
The MoU calls for the Administrator and MOSAID to negotiate and conclude an agreement under
which MOSAID would provide exclusive licensing services for Qimonda’s entire patent portfolio,
comprised of approximately 7,500 patents and applications. The Administrator and MOSAID will
attempt to conclude the formal agreement by December 31, 2013, latest.
“This agreement with MOSAID does not affect the ongoing sales process regarding Qimonda’s
patent business that is likely to be finalized by the end of this year”, says Dr. Michael Jaffé, “but
further exploring the opportunities of licensing the portfolio together with such an experienced
partner like MOSAID represents an attractive alternative for the creditors in order to realize the
significant value of the portfolio.”, he went on to say.
“We are extremely pleased to have signed this MoU with the Qimonda Administrator,” said John
Lindgren, President and CEO, MOSAID. “The Qimonda AG patent portfolio represents some of
the industry’s most innovative work in semiconductor memory and semiconductor process
technology. Working to realize additional value from this portfolio would benefit the Qimonda
estate, and would further cement MOSAID’s reputation as the intellectual property management
company of choice.”
Insolvency proceedings over the estate of Qimonda AG were opened on April 1, 2009 at the
Munich District Court and Dr. Michael Jaffé was appointed insolvency administrator. Qimonda AG
markets one of the largest semiconductor IP portfolios in the world comprising of approximately
7,500 patents and applications.
JAFFÉ Rechtsanwälte Insolvenzverwalter (Lawyers & Insolvency Administrators) is one of the
leading German law firms in the domain of insolvency administration as well as the conduct of
related proceedings. The law firm, founded by Dr. Michael Jaffé, specializes on handling complex
insolvency proceedings, often involving groups of companies operating internationally and the
worldwide exploitation of intellectual property assets. JAFFÉ Rechtsanwälte Insolvenzverwalter
operates out of seven offices across Germany. Dr. Michael Jaffé gained international acclaim as
insolvency administrator of KirchMedia, one of the largest European media groups, as well as
insolvency administrator over the German activities of refining giant Petroplus, the largest group
insolvency case in Europe in 2012.