10 Jun 2008 07:00
Amphion Innovations plc Partner Company
DataTern announces agreement of first IP license
London and New York, 10 June 2008 - Amphion Innovations plc (LSE: AMP) ("Amphion"), today announces that DataTern, Inc., has agreed a non-exclusive license of its key database patents to RedHat, Inc. DataTern was recently established and is wholly owned by Amphion in order to commercialise selected intellectual property opportunities, in partnership with its Partner Companies. As a result, revenues directly attributable to Amphion from the license fee after costs are approximately $800,000.
Currently, DataTern is in discussions with a number of major companies over the same patents. The Directors believe that this agreement sets a precedent for such Companies and DataTern's licensing programme has the potential to be an increasing source of future revenues for Amphion and its Partner Companies.
"We are very pleased to grant a non-exclusive license to RedHat," said Joseph R. Flicek, Chief Executive Officer of DataTern, "This is an important first step in building a strong and broad based licensing programme. DataTern's database technologies have utility across many industries."
Richard C.E. Morgan, Amphion's Chief Executive Officer, said: "We are focused on creating shareholder value, and DataTern is another example of how we are able to provide it through the development of good intellectual property over long periods of time. Amphion's Partner Companies currently own or control over 150 separately identified pieces of intellectual property, a number which is growing rapidly each year."
For further information please contact:
Cardew Group
Tim Robertson/ Jamie Milton/Matthew Law
+44 20 7930 0777
Charles Stanley (Nominated Adviser)
Mark Taylor/ Freddy Crossley
+44 207149 6000
About Amphion Innovations plc
Amphion (LSE: AMP) builds shareholder value in high growth companies in the medical and technology sectors, by using a focused, hands-on company building approach, based on decades of experience in both the US and UK. Amphion has significant shareholding in 10 Partner Companies developing proven technologies targeting substantial commercial marketplaces, each in excess of $1 billion. Each Partner Company is chosen with the goal of achieving an exit valuation in excess of $100 million.
On the web: www.amphionplc.com