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| RMTR > SEC Filings for RMTR > Form 8-K on 12-Feb-2009 | All Recent SEC Filings |
12-Feb-2009
Entry into a Material Definitive Agreement
Ramtron International Corporation ("Ramtron") announced today that on February 9, 2009, it entered into a foundry services agreement with IBM Corporation ("IBM"). In addition to a Custom Sales Agreement, pursuant to which IBM will provide ferroelectric RAM (F-RAM) manufacturing services to Ramtron on a purchase order basis, Ramtron and IBM entered into Inbound Equipment and Program Loan Agreement, pursuant to which Ramtron will loan specialized equipment to IBM to use in manufacturing products for Ramtron, and an Agreement for Exchange of Confidential Information, pursuant to which exchanges of Ramtron's and IBM's respective confidential information and trade secrets will be protected (cumulatively, the "Agreements").
Pursuant to the Agreements, Ramtron's F-RAM semiconductor process technology will be installed in IBM's Burlington, Vermont, advanced wafer manufacturing facility to produce products on IBM's standard 180-nanometer CMOS wafer process. Ramtron expects the new foundry supply from IBM will enable Ramtron to produce its existing products more cost-effectively and expedite Ramtron's introduction of new F-RAM semiconductor products to be manufactured by IBM. The first commercial production of Ramtron's F-RAM products from the IBM foundry is anticipated in 2010. The term of the Custom Sales Agreement extends through December 31, 2016, subject to earlier termination under certain conditions.
Under the Agreements, IBM will provide Ramtron with facility design and fit up, tool installation and tool qualification services in support of IBM's manufacture of Ramtron's F-RAM products. Ramtron will provide tools, peripheral equipment, technology and specifications required for IBM's manufacture of Ramtron's products. Ramtron will also provide its F-RAM technology and engineering expertise to IBM to assist in the integration and process development of Ramtron's F-RAM products. Ramtron expects to fund the capital equipment and development costs for the IBM foundry operations from its capital resources and an extended loan facility, currently being negotiated, with Silicon Valley Bank.
No license to any patent, trademark, copyrights, mask work, trade secret, utility model, know-how or other intellectual property rights were granted by either Ramtron or IBM under the Agreements.
The forward-looking statements in this report are being made as of the date of this report, and Ramtron expressly disclaims any obligation to update or revise any forward-looking statement contained herein. These forward-looking statements involve risks, uncertainties and assumptions that could cause actual outcomes and results to differ materially from those indicated by these forward-looking statements. Please refer to Ramtron's Securities and Exchange Commission filings for a discussion of such risks.
The full text of Ramtron's press release announcing the Agreements is attached as Exhibit 99.1 to this Form 8-K Current Report.
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