Wave Systems (WAVX) Pops on 15-Year Samsung Deal
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Wave Systems Corp. (Nasdaq: WAVX) is jumping in pre-open trading Tuesday after the company disclosed a 15-year Software License and Distribution Agreement with Samsung Electronic in an SEC filing this morning.
From the Filing:
On May 29, 2012, Wave Systems Corp. (“Wave”) signed a 15-year Software License and Distribution Agreement with Samsung Electronic Co, Ltd (“Samsung”) permitting the distribution of Wave’s Embassy® Security Center (ESC) and TCG Software Stack (TSS) software technology with Samsung devices that include a Trusted Platform Module (TPM). Wave will receive a per-unit royalty based on Samsung’s sales of products that are equipped with or include Wave’s software technology. The contract does not provide for guaranteed minimum or maximum shipped quantities or royalties.
WAVX last traded at $1.20, up 21 percent.
From the Filing:
On May 29, 2012, Wave Systems Corp. (“Wave”) signed a 15-year Software License and Distribution Agreement with Samsung Electronic Co, Ltd (“Samsung”) permitting the distribution of Wave’s Embassy® Security Center (ESC) and TCG Software Stack (TSS) software technology with Samsung devices that include a Trusted Platform Module (TPM). Wave will receive a per-unit royalty based on Samsung’s sales of products that are equipped with or include Wave’s software technology. The contract does not provide for guaranteed minimum or maximum shipped quantities or royalties.
WAVX last traded at $1.20, up 21 percent.
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