Agere Systems and Cequint Sign Patent License Agreement

SEATTLE, WA – Oct. 1, 2004 – Cequint, Inc. announced today that it has finalized a patent licensing agreement with Agere Systems Inc. (NYSE: AGR.A, AGR.B) for wireless and land-line based caller identification technology. The license provides Cequint with sole rights under Agere's patents to make, use, sell or sublicense products under this agreement. "The addition of Agere's patents to our own pending applications bolsters our growing IP portfolio for City ID," said Mark Gosselin, co-founder and CTO. Cequint's City ID technology allows wireless carriers and handset OEM's to offer incoming geographic call information to their customers.

About Cequint

Cequint, Inc., is a privately held company headquartered in Seattle, Washington. Founded in 2004, Cequint develops software applications for mobile telecommunications devices. The company develops applications that enhance the mobile experience and drive carrier revenues. Additional information about Cequint available at www.cequint.com.

Safe Harbor Statement

This press release contains forward-looking statements made by Cequint, Inc. and Agere Systems, Inc. that involve risks and uncertainties. These statements include, but are not limited to, the duration of the license agreement between Cequint and Agere and the anticipated application release of the City ID family of mobile device applications beginning in the second quarter of 2005. Actual results and outcomes may differ materially. Factors that might cause a difference include, but are not limited to, factors relating to the pace of development and market acceptance of Cequint's products and the mobile applications market generally, commercialization and technological delays or difficulties, the impact of competitive products and technologies, competitive pricing pressures, manufacturing risks, the possibility of Cequint's products infringing patents and other intellectual property of third parties, product defects, costs of product development, manufacturing and government regulation, risks inherent in emerging markets, including but not limited to, currency volatility and depreciation, restricted access to financing and political and social unrest. Cequint and Agere undertake no responsibility to update these forward-looking statements to reflect events or circumstances after the date hereof.

Back to News

Source: Cequint, Inc. www.cequint.com