Kilopass Continues to Grow Despite Legal Setbacks

SANTA CLARA, CA--(Marketwired - Apr 14, 2013) - Kilopass Technology Inc., a leading provider of semiconductor logic non-volatile memory (NVM) intellectual property (IP), today expressed its disappointment with the U.S. Court of Appeals for the Federal Circuit ("Appellate Court") affirming without opinion the U.S. District Court opinion on Summary Judgment in the patent infringement case against Sidense. Despite the setback, Kilopass continues to grow. Kilopass has over 150 licensees across consumer, mobility, analog mixed signal, automotive, and industrial markets. Customers are near production with Kilopass embedded NVM in 28nm. Kilopass has demonstrated reliability down to 20nm, and have started development in FinFET. We had our best Q1 quarterly results ever on our baseline licensing business; up by 35% over the same period in the prior year. Frost & Sullivan awarded Kilopass NVM Innovator for Kilopass Vertical Crosspoint Memory (VCM) in Q1 as well. With the recent $8 million funding, we are accelerating the expansion of the product roadmap beyond antifuse NVM.

"The case should have gone to jury trial because there are facts in dispute and these are not for the judge to decide," said Charlie Cheng, CEO of Kilopass Technology Inc. "We are disappointed but we have to move on. We want to thank our customers and partners for their continual support. We will continue to pioneer the specialty memory market."

About Kilopass

Kilopass Technology, Inc., a leading supplier of embedded NVM intellectual property, leverages standard logic CMOS processes to deliver one-time programmable (OTP) and many-time programmable (MTP) memory. With 58 patents granted or pending and more than 800,000 wafers shipped from a dozen foundries and Integrated Device Manufacturers (IDMs), Kilopass has more than 150 customers in applications ranging from storage of firmware and security codes to calibration data and other application-critical information. The company is headquartered in Santa Clara, Calif. For more information, visit www.kilopass.com or email info@kilopass.com.