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August 13, 2013
20:01 EDTTSRATessera unit, Lite-On Technology sign production agreement
DigitalOptics, a wholly owned subsidiary of Tessera Technologies, and Lite-On Technology announced that they have signed an agreement to produce DOCís mems cam modules. Lite-On and DOC are working to ramp initial production in Q4, and add high volume capacity in 2014.
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November 17, 2014
07:03 EDTTSRATessera, DOC, O-Film announce amended agreement
Tessera Technologies and its wholly-owned subsidiary DigitalOptics Corporation have agreed to close an amended definitive agreement with Shenzhen O-Film Tech Co., LTD. on December 2, 2014. To date, O-Film has paid Tessera a total of $10.5 million. Pursuant to the terms of the amended agreement, O-Film will pay Tessera an additional $31 million on the closing date, consisting of a $6.5 million prepaid royalty and support fee for a non-exclusive license to specific FotoNation product features over a two year term, $7.5 million for a non-exclusive license for core MEMS auto-focus and other related intellectual property, an undisclosed future per unit royalty for MEMS-based camera modules, $17 million for certain manufacturing equipment and supplies, and certain non-core patents and patent applications. In addition, O-Film has an option to extend the FotoNation license agreement for an additional two and half years if it pays FotoNation an additional $10 million prior to the end of the initial term. The closing of the transaction is scheduled for December 2, 2014 as all closing conditions, including required government approvals in China and Taiwan, have been satisfied.
November 13, 2014
14:45 EDTTSRATessera management to meet with Craig-Hallum
Meetings to be held in Boston on November 18 and in Chicago on November 19 hosted by Craig-Hallum.

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