SanDisk Corporation (NASDAQ:SNDK), a global leader in flash storage
solutions, today announced that a Santa Clara County jury has awarded
SanDisk $28.5 million in damages for PNY's breach of its license
agreement. The jury found that PNY had failed to pay SanDisk amounts
owed for the right to license SanDisk's valuable intellectual property.
“We see this verdict as an important affirmation of the value of
SanDisk’s patent portfolio, which has been consistently ranked as one of
the strongest in the world,” said Eric S. Whitaker, senior vice
president and chief legal officer at SanDisk. “The ruling demonstrates
the necessity of a strong patent system that protects technology
companies’ investments in research and development. We will continue to
safeguard and defend SanDisk’s investments in its intellectual property.”
SanDisk has been a pioneer in the flash memory industry that has
transformed consumer electronics and is now transforming the storage
industry. SanDisk’s significant investments in research and development
have resulted in over 4,900 patents that cover many key aspects of flash
memory including the system level technology to manage the memory.
About SanDisk
SanDisk Corporation (NASDAQ:SNDK), a Fortune 500 and S&P 500 company, is
a global leader in flash storage solutions. For more than 25 years,
SanDisk has expanded the possibilities of storage, providing trusted and
innovative products that have transformed the electronics industry.
Today, SanDisk’s quality, state-of-the-art solutions are at the heart of
many of the world's largest data centers, and embedded in advanced smart
phones, tablets and PCs. SanDisk’s consumer products are available at
hundreds of thousands of retail stores worldwide. For more information,
visit www.sandisk.com.
© 2014 SanDisk Corporation. All rights reserved. SanDisk and the SanDisk
logo are trademarks of SanDisk Corporation, registered in the United
States and other countries. Other brand names mentioned herein are for
identification purposes only and may be the trademarks of their
respective holder(s).
Copyright Business Wire 2014