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Intergraph Reaches Patent Agreement with Sony
Terms Include $15 Million Royalty Payment
HUNTSVILLE, AL, April 6, 2006 -- Intergraph Corporation
, a leading global provider of spatial information
management (SIM) software, today announced a patent license
agreement between Intergraph's intellectual property subsidiary and
Sony Corporation of Japan. Under the terms of the agreement, Sony
will make a one-time, up-front royalty payment of $15 million.
Intergraph expects to record after-tax intellectual property income
from this agreement of approximately $8.6 million, net of all fees,
expenses and estimated taxes, in the first quarter of 2006. As a
result of the patent license agreement, Sony will obtain a fully
paid-up worldwide license to Intergraph’s patent portfolio, and
Intergraph will obtain an option to license certain Sony patents on
royalty-bearing terms. Commenting on the settlement, Intergraph
CEO & President Halsey Wise said, “We are pleased to have
reached a licensing agreement with Sony. This license with Sony
demonstrates our continued commitment to enforce and realize value
from our intellectual property portfolio."
About Intergraph
Intergraph Corporation (NASDAQ: INGR) is the leading global
provider of spatial information management (SIM) software. Security
organizations, businesses and governments in more than 60 countries
rely on the company's spatial technology and services to make better
and faster operational decisions. Intergraph's customers organize
vast amounts of complex data into understandable visual
representations, creating intelligent maps, managing assets,
building and operating better plants and ships, and protecting
critical infrastructure and millions of people around the world. For
more information, visit http://www.intergraph.com/.
© 2006 Intergraph Corporation. All rights reserved.
Intergraph and the Intergraph logo are registered trademarks of
Intergraph Corporation. Sony brands and product names are trademarks
of Sony or their respective owners.
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