Sajan, Inc. Announces Sale of Former Mathstar Intellectual Property
17 November 2011 - 1:00PM
Sajan, Inc. (OTCBB:SAJA) announced today that it has completed the
sale of selected patents and patent applications to OLK Grun GmbH,
LLC for proceeds of $600,000. The patents and patent applications
sold relate to Sajan, Inc.'s Field Programmable Object Array
technology. This technology was acquired in the merger with
Mathstar in February, 2010. The technology sold is not related to
Sajan's language translation business.
About Sajan
Sajan is a leading provider of global language translation and
localization services, helping clients around the world expand
seamlessly into any global market. The foundation of our solution
is our industry leading language translation management system
technology – GCMSTM – which provides process automation and
innovative multilingual content reuse to provide schedule
predictability, higher quality and cost efficiencies to our
clients. By working closely with our clients, Sajan's experienced
team of localization professionals develop tailored solutions which
provide flexibility to any large or small business who truly desire
to "think globally, but act locally." Based out of the United
States, we also have offices in Ireland, Spain and India. Sajan is
publicly traded under the symbol SAJA.OB. Learn more about Sajan at
www.sajan.com.
CONTACT: Tim Clayton
Chief Financial Officer
email: tclayton@sajan.com
phone: 715-426-9505
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