In Brief: ReSound Corp.
This article was originally published in The Gray Sheet
Executive Summary
ReSound Corp.: Forms partnership of hearing aid manufacturers to make available a portfolio of programmable and digital signal processing (DSP) patents through licensing deals or by sale of partnership interests. ReSound reports that it has received initial net cash payments from partnership members totaling $9 mil. The firm obtained the patents through the $24.9 mil. acquisition of certain 3M Hearing Health Business assets in July ("The Gray Sheet" July 8, In Brief). Patents covering ReSound's multiband full dynamic range compression sound processing technology and cochlear dynamic technology are not included in the partnership portfolio...