Memjet acquires Silverbrook staff under agreement
The $600 million lawsuit filed against Silverbrook Research has quietly been resolved as US-based Memjet assumes direct ownership of Memjet printing technology. The IP control agreement will see around 300 Australian print researchers shift from the employ of Silverbrook to Memjet.
Memjet will now take over the research, development and commercialization activities for the technology, including services previously provided by Silverbrook Research. Under the agreement, Memjet acquires some 4,000 issued and pending patents related to the technology.
This agreement concludes the two-month legal volley between Kia Silverbrook and Memjet’s majority shareholder, US non-profit, George Kaiser Family Foundation. When contacted by Print21, a Silverbrook representative confirmed that all legal claims between the parties have been withdrawn.
Kia Silverbrook, one of the most prolific patent-holders in the world, will continue to support the technology he developed as a special advisor to the Memjet board of directors and as an ongoing consultant. Silverbrook and his research team will continue to develop other technologies invented over the past 12 years.
“I am pleased that agreement has been reached which clears the way for the ongoing development of the ground-breaking Memjet technology,” he said.
The deal clears the way for the continued commercialization of Memjet’s unique high-speed inkjet technology, while providing the settlement of litigation in the UK, Ireland and Oklahoma.
Now that litigation has been resolved between all parties, Memjet is positioned to move forward in commercial, industrial and office printing markets worldwide. According to Len Lauer, CEO of Memjet. “We’re pleased that this agreement has been reached,
“At drupa, Memjet and our OEMs are showcasing where digital printing is headed, which is fast, affordable color printing with lower cost of ownership, reduced hardware costs, print on-demand capabilities, and environmental friendliness—an entirely new category of colour digital printing,” Lauer said.
This is Memjet’s first time at drupa and as each day of the world’s largest print trade fair rounds up another new partnership is announced, including Océ, Toshiba TEC, Delphax, Xante, Colordyne, Astro Machine Corporation, Fuji Xerox, and Lomond.