SOURCE: DensBits Technologies Ltd

DensBits Technologies Ltd

October 21, 2013 09:00 ET

DensBits Enters Licensing Agreement With Toshiba

DensBits Licenses Memory Modem™ Controller Technology to Toshiba

HAIFA, ISRAEL--(Marketwired - October 21, 2013) - DensBits Technologies Ltd, the inventor of the world's first Memory Modem™, has announced today that it has entered into a licensing agreement with Toshiba Corporation, a world leader and inventor of NAND Flash memory.

Under the agreement, Toshiba is granted a license to DensBits' advanced Flash controller technology, Memory Modem™, to be used in the development of low-cost, high-performance, high-reliability Flash memory-based storage solutions.

"We are delighted to collaborate with Toshiba, a world technology leader and the original pioneer of Flash memory," said Amir Tirosh, DensBits' EVP Marketing and Business Development. "Our proprietary Memory Modem™ controller technology combined with Toshiba's industry leading Flash memory technology will allow the introduction of superior Flash storage solutions in terms of cost, reliability, and performance. We see this agreement as yet another successful milestone in achieving our overall strategy of helping memory manufacturers enable next generation Flash memory devices and applications."

About DensBits

DensBits is the inventor of the world's first Memory Modem™, a revolutionary controller technology created to address the ever-increasing need for low-cost, high-performance Flash-based storage solutions. For more information please visit www.densbits.com or contact Amir Tirosh at contact@densbits.com.

About Toshiba

Toshiba is a world-leading diversified manufacturer, solutions provider and marketer of advanced electronic and electrical products and systems. Toshiba Group brings innovation and imagination to a wide range of businesses: digital products, including LCD TVs, notebook PCs, retail solutions and MFPs; electronic devices, including semiconductors, storage products and materials; industrial and social infrastructure systems, including power generation systems, smart community solutions, medical systems and escalators & elevators; and home appliances. Toshiba was founded in 1875, and today operates a global network of more than 590 consolidated companies, with 206,000 employees worldwide and annual sales surpassing 5.8 trillion yen (US$61 billion). Visit Toshiba's web site at www.toshiba.co.jp/index.htm.

Contact Information