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Date: 10th Sept 09
Ramtron settles product defect claim of
its memory product
Ramtron has entered into a Settlement Agreement and Mutual
Release with one of its customers that resolves all matters
related to the previously announced in-field failures of
one of Ramtron's semiconductor memory products.
As a result of the settlement and after an insurance reimbursement
and a credit for future product deliveries, Ramtron will
recognize a benefit of approximately $150,000 on its third-quarter
income statement. Ramtron had previously recorded a charge
of $815,000 in connection with the matter.
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