Acacia Research announced that its Optical Memory Storage subsidiary has entered into a settlement and license agreement with Ritek Corporation covering a portfolio of patents that apply to rewritable phase change optical discs (CD-RW, DVD±RW, BD-RE).
Ritek Corporation announced it will showcase USB 3.0 portable hard drives and USB flash drives at Computex Taipei 2010 from June 1-5, 2010.
CMC Magnetics and Ritek Corporation announced that their operations were not significantly affected by the 6.4-magnitude earthquake that struck Kaohsiung, Taiwan on March 4, 2010.
DIGITIMES reports that while CMC Magnetics says that it has increased its quotes for DVDs and CDs by 5% to 10% (due to polycarbonate price hikes), Ritek and Gigastorage do not intend to follow suit.
Victor Company of Japan, Limited (JVC), an operating company of the JVC KENWOOD Group, announced that it won a suit it had filed against Conrexx Technology B.V. (Conrexx), a German affiliate of Ritek Corporation, one of the world’s largest manufacturers of DVD recordable and other optical storage discs.
In a January 28, 2010 filing to the Taiwan Stock Exchange (TWSE), Ritek Corporation issued a statement in response to an Economic Daily News report that Sony had contract ordered a large number of Blu-ray discs from Ritek.
In a January 22, 2010 filing to the Taiwan Stock Exchange (TWSE), Ritek Corporation announced that it had entered into a memorandum of understanding (MOU) with Daxon Technology Inc. to purchase Daxon’s optical disc manufacturing equipment for NT$500 million (US$15.6 million).
DIGITIMES reports that CMC Magnetics and Ritek have announced unaudited revenues for Dec. 2009 of NT$1.403 billion (US$44.1 million) and NT$1.469 billion (US$46.1 million) respectively.
DIGITIMES has issued a correction of its January 4, 2009 report regarding Philips reducing the patent royalty it charges CMC Magnetics and Ritek on blank CD-RW, DVD-R, DVD+R, DVD-RW and DVD+RW discs.
Advanced Media, Inc. announced that it is adding a high speed 600X MLC based CompactFlash® Card (CF) to its Lightning Series line in 4GB, 8GB, and 16GB capacities for embedded computing options.
DIGITIMES reports that Royal Philips Electronics has reduced the patent royalty it charges CMC Magnetics and Ritek on blank CD-RW, DVD-R, DVD+R, DVD-RW and DVD+RW discs.