News and Press Releases
DataTern, Inc. Announces Agreement of First IP License
New York, 10 June 2008
DataTern, Inc., today announces that is has agreed a non-exclusive license of its key database patents to RedHat, Inc. DataTern was recently established and is wholly owned by Amphion Innovations plc (LSE: AMP) in order to commercialise selected intellectual property opportunities, in partnership with Amphion’s Partner Companies.
Currently, DataTern is in discussions with a number of major companies over the same patents. The Directors believe that this agreement sets a precedent for such Companies and DataTern's licensing programme has the potential to be an increasing source of future revenues for Amphion and its Partner Companies.
"We are very pleased to grant a non-exclusive license to RedHat," said Joseph R. Flicek, Chief Executive Officer of DataTern, “This is an important first step in building a strong and broad based licensing programme. DataTern’s database technologies have utility across many industries.”
Richard C.E. Morgan, Amphion’s Chief Executive Officer, said: “We are focused on creating shareholder value, and DataTern is another example of how we are able to provide it through the development of good intellectual property over long periods of time. Amphion’s Partner Companies currently own or control over 150 separately identified pieces of intellectual property, a number which is growing rapidly each year.”
For further information please contact:
DataTern, Inc.
Joseph Flicek
+1 212.210.6282
About DataTern, Inc.
DataTern owns and develops critical technology that provides next generation software solutions for our customers. DataTern’s patented product offering include ObjectSpark® Technologies, which allow customers to develop their own customized data services layers, making the company’s offerings valuable to most industries, including automotive, banking, chemical, communications, financial, government, healthcare, insurance, pharmaceutical, trading, and many others. Non-exclusive licenses for DataTern’s technologies and patents are available on reasonable and non-discriminatory terms. For licensing terms, please contact info@datatern.com.
On the web: www.datatern.com
About Amphion Innovations plc
Amphion (LSE: AMP) builds shareholder value in high growth companies in the medical and technology sectors, by using a focused, hands-on company building approach, based on decades of experience in both the US and UK. Amphion has significant shareholding in 10 Partner Companies developing proven technologies targeting substantial commercial marketplaces, each in excess of $1 billion. Each Partner Company is chosen with the goal of achieving an exit valuation in excess of $100 million.
On the web: www.amphionplc.com

