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8/11/2008 5:37:23 PM
Asylum Research Settles Patent Dispute with Veeco

Asylum Research Corporation, an employee-owned, premier manufacturer of atomic force microscopes, announced today that the patent litigation between it and Veeco Instruments Inc. (Nasdaq:VECO) which started in September 2003 has been settled.

Under the terms of the settlement, Asylum and Veeco have agreed to drop all pending claims against each other and agreed to a five year, worldwide cross license of each other’s patents and a mutual covenant not to sue on patents either party has a right to assert. Asylum will pay an initial license fee to Veeco plus an ongoing royalty for the five-year term of the cross license. As part of the settlement, Asylum acknowledged the validity of the Veeco patents asserted in the case. Other terms of the agreement were not disclosed.

Jason Cleveland, CEO of Asylum, said, “We are pleased that this litigation is in our past and that we can now move forward. Asylum spends a significant percentage of our revenues on research and development and that is reflected in our fast growing patent portfolio. The cross-licensing of portfolios will allow both us and Veeco to bring better products to market, which is good news for customers.”

Roger Proksch, President of Asylum, added, “The nanotechnology market values innovation. Everyone in the field will welcome the end to this struggle because it allows us to return to doing what we do best – making great AFMs and supporting our loyal customers.”

Asylum Research was represented in the litigation by John Thornburgh, Seth Sproul, John M. Farrell, John Gartman, Linda Gunderson and Justin Barnes of the international law firm of Fish & Richardson PC.

Asylum Research manufactures AFMs for nanoscale science and technology. For additional information, please contact Terry Mehr, Director of Marketing, Asylum Research, 6310 Hollister Avenue, Santa Barbara, CA 93117, 805-696-6466, terry@AsylumResearch.com, http://www.AsylumResearch.com.

Other Headlines from Asylum Research ...
 - Asylum Research Announces UK User Meeting and Forum June 21, 2011 in Edinburgh
 - Asylum Research Introduces Electrochemical Strain Microscopy for Energy Storage Research
 - Asylum Research Introduces Electrochemistry Cell for MFP-3D Atomic Force Microscopes
 - Asylum Research Presents Cypher UCLA-CNSI Scan Tour/Workshop April 19-20, 2011
 - Asylum Research Presents Cypher United Kingdom and Ireland Scan Tour for Spring 2011

Other Headlines from Veeco ...
 - Elec-Tech Places Order for Multiple MaxBright MOCVD Systems
 - U.S. Department of Energy Awards Funding to CNSE CIGS Solar Project
 - United LED Selects Veeco’s MOCVD Tools to Ramp LED Manufacturing
 - Samsung Selects Veeco MOCVD System for Advanced GaN-Based Power Electronics Research
 - Veeco Receives $4.8M U.S. Department of Energy Solar Manufacturing Grant

More Litigation Headlines ...
 - Integran Files Patent Infringement Claims Against Modumetal, Inc.
 - Nanosys Reaches Settlement of Patent Infringement Lawsuit Against Nanoco Technologies for Quantum Dot Technology
 - 3M and EV Group Settle Patent Infringement Suit
 - High Court Rules Oxford University Spin-Out Oxonica Breached Patent License
 - EV Group Files Patent Infringement Lawsuit Against the 3M Company


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