Press release

IPValue Subsidiary Licenses Samsung to Patent Portfolio Acquired from Cypress

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IPValue Management, Inc. today announced that its wholly owned
subsidiary Monterey Research, LLC has granted Samsung Electronics Co.,
Ltd. a worldwide, nonexclusive license to Monterey’s patent portfolio of
more than 2,000 issued and pending patents in countries across North
America, Asia, and Europe. Monterey acquired its portfolio of
semiconductor memory, logic, and manufacturing process patents from
Cypress Semiconductor Corporation in a series of transactions beginning
in 2016. The Samsung deal is the fifth license from Monterey to a memory
manufacturer and also covers Samsung’s logic product lines.

“The patented inventions included in the Monterey portfolio are the
result of many years of research by innovators from Cypress, Spansion,
AMD, and Fujitsu,” said Keith Wilson, Executive Vice President of
IPValue and General Manager of Monterey. “Monterey now has licensed over
50% of the DRAM and NAND Flash markets by volume and has added momentum
to its processor and other semiconductor licensing programs.”

The Monterey deal continues IPValue’s remarkable string of success in
licensing in the semiconductor market. “In the past two years, IPValue
has concluded an array of significant semiconductor deals, generating
over $400 million dollars in licensing revenue,” said John Lindgren, who
has led IPValue as CEO since 2017. “In addition to licenses to this
patent portfolio from Cypress, we have closed multiple licensing deals
in the past year to portfolios from NXP and Elpida, and we are making
significant progress in our licensing efforts involving a semiconductor
portfolio recently acquired from Seiko Epson.”

About IPValue Management

IPValue’s mission is to fuel innovation by working with leading
technology enterprises to generate revenues from their IP portfolios.
Since inception in 2001, IPValue has generated over $2B in cash from
patent licenses, resulting in $1B to its partners. IPValue currently
owns and manages the commercialization of over 7,000 patents. For more
information, visit