Plessey Semiconductors announced that it has
agreed to a product licensing agreement with Intel Corp. and a share warrant
agreement with Intel Capital. Under the terms of the licensing agreement,
Plessey will be licensed to manufacture, sell, and support a select number of
products in Intel’s digital tuner portfolio. The warrant agreement is for an
unspecified number of shares in Plessey’s holding company.
Michael LeGoff, managing director for Plessey,
said, “We are delighted to have concluded the licensing and warrant
agreements with Intel and Intel Capital and we look forward to working closely
with them as Plessey continues to grow its international presence.”
Marc Alexander, director of technology licensing
at Intel Capital, added, “This is the start of what we hope will become a
long term relationship and a great collaboration between Intel Labs Europe
team, Intel’s Technology Manufacturing Group, Intel Capital, and Plessey to
support these licensed products and to provide world-class service to the
existing Intel customers using Plessey’s capabilities.”
Plessey Semiconductors Ltd., www.plesseysemi.com
