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CMC Magnetics Joins Veeza

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CMC Magnetics Joins Veeza

Postby Ian on Wed Dec 20, 2006 5:18 pm

Yep, the second shoe has dropped. With Ritek and CMC on board, Philips probably won't have any problems getting other manufacturers on board.

http://www.cmcnet.com.tw/eng/newsdetail ... ews_no=224

Royal Philips Electronics (AEX:PHI; NYSE:PHG) and CMC Magnetics Corporation (CMC), a well-known leading manufacturer of optical storage media based in Taiwan, today jointly announced that CMC has entered into Veeza, the new Philips licensing program for CD-R discs. This marks a great step forward between Philips and CMC to cooperate for a win-win result. By joining Veeza, CMC will enjoy a lower royalty rate of USD 0.025 per CD-R disc which is 45% lower than the current royalty of USD 0.045 per CD-R disc.

Ben Beune, Senior Vice President of Philips Intellectual Property & Standards, said, “We are delighted and encouraged that CMC, one of the leading manufacturers, has decided to enter the Veeza program. This again demonstrates that Philips’ Veeza program and our combined efforts with the CD-R industry to create a healthier market have been recognized. Philips will closely work with CMC through better customer service and technology sharing as part of the Veeza licensing program.”

Andria Wong, spokesperson of CMC, said, “CMC has now fully understood the merits of Veeza licensing program and its operational model after further discussions with Philips. We believe Veeza will make it easier to distinguish licensed discs so as to protect the interests of compliant licensees and promote a healthier CD-R industry. By considering the overall benefits, CMC decided to join Veeza. With competitive advantages in manufacturing and technology, CMC will grow its business. We believe this can also contribute to CMC to maintain its global leading position in optical storage. ”
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