SAN JOSE, Calif., April 17, 2015 /PRNewswire/ -- Atmel® Corporation (NASDAQ: ATML), a leader in microcontroller and touch solutions, today announced the sale of XSense touch sensor assets to UniPixel, Inc. (NASDAQ: UNXL). In connection with the transaction, Atmel has transferred its XSense related manufacturing assets to UniPixel, which is also assuming related costs, and has separately licensed to UniPixel its XSense patent portfolio and other intellectual property, which Atmel is retaining. The intellectual property licenses have an initial five year term, renewable by UniPixel for an additional ten years. Atmel will receive minimum royalties during the initial five year term equal to $16.25 million, of which $9.33 million is being prepaid in cash at close. Atmel also expects to provide transitional support to UniPixel for a limited period.
Atmel is a worldwide leader in the design and manufacture of microcontrollers, capacitive touch solutions, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. Leveraging one of the industry's broadest intellectual property (IP) technology portfolios, Atmel is able to provide the electronics industry with intelligent and connected solutions focused on the industrial, automotive, consumer, communications, and computing markets.
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Senior Director, Investor Relations
SOURCE Atmel Corporation