Export issues sink Transmeta Crusoe sale to China

February 9, 2006 – Transmeta Corp. and Hong Kong-based Culture.com Technology Ltd. have called off an purchase and licensing agreement involving the sale of Transmeta’s Crusoe product line as well as a license to its 130nm Efficeon technology. The original deal signed in May 2005 was worth approximately $15 million plus royalties.

“After several meetings with U.S. government officials, Transmeta and Culture.com mutually concluded that the necessary technology export control approvals could not be obtained for these two agreements within the timeframe necessary to satisfy Culture.com’s commercial requirements,” stated Arthur Swift, Transmeta president and CEO.

Transmeta and Culture.com have had a relationship since 2003, when Culture.com affiliate Chinese 2 Linux (Holdings) Ltd. licensed Transmeta’s Midori Linux software for the development of embedded applications.


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