Drexler Technology Update on License Revenues.Business Editors MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aug. 14, 2001 Drexler Technology Corporation's (Nasdaq:DRXR) earnings report of August 9, 2001 contained the following disclosure: "A dismissal of the Company's patent-infringement lawsuit lawsuit: see procedure; tort. against Dolby Laboratories “Dolby” redirects here. For other uses, see Dolby (disambiguation). Dolby Laboratories, Inc. (Dolby Labs) (NYSE: DLB) is a USA-based company specializing in audio compression and reproduction. , Inc. has been agreed to in a definitive settlement agreement. The Company expects to recognize resulting license revenue in the net amount of $765,000 upon receipt of payment from Dolby." On August 13, 2001, Dolby made the full payment required by the definitive settlement agreement, which relates to motion picture digital sound. Therefore, the net amount of approximately $765,000 will be recognized by the Company as license revenue in this quarter ending September 30, 2001. The Company does not manufacture or market products for the motion picture industry. Headquartered in Mountain View, Calif., Drexler Technology Corporation (www.lasercard.com) develops, manufactures, and markets LaserCard products and systems, achieving an estimated 9 million LaserCard holders in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. to date. For the quarter ended June 30, 2001, research and engineering expenses to develop new or improved products were increased to $623,000, or 15.8% of revenues, from $429,000, or 8.3% of revenues, for last year's first quarter. As a result of research and engineering efforts through the years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time Company has been granted more than 50 United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. patents and about 70 foreign-counterpart patents in a dozen countries, related to optical data storage media and laser recording technology. Drexler Technology licenses its patents and manufactures LaserCard(R) optical memory cards and optical memories for hybrid smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. called Smart/Optical(TM) cards. |
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