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with major network equipment OEMs for a combined amount of approximately $4
million. The agreements provide for the licensing of proprietary software
enabling critical voice-over-IP gateway (VoIP gateway) functionality. The two
contracts include software licenses, consulting, and training. Most of the
proceeds from the announced IP contracts are expected to be collected in the
current (fourth) quarter.
“The licensed software is the product of many years of development and
deployment in major telecom carriers and enables our licensees to continue
future upgrades and investment in their Voice-over-IP products. As part of
this arrangement, TranSwitch will continue to supply its telecom IC products,”
said Dr. Ali Khatibzadeh, president and CEO of TranSwitch. “We are currently
pursuing additional licensing opportunities with other telecom customers and I
am pleased with the progress we are making in licensing both our telecom
software and our High Speed Interconnect Intellectual Property cores. In
addition, we are making solid progress in marketing our telecommunication
patent portfolio which should yield a successful outcome.”
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