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Press Release
November 5, 2002
Handspring To License Keyboard Patents From Research In Motion
Mountain View, Calf. and Waterloo, ON - Research In Motion Limited (RIM) (Nasdaq: RIMM; TSX: RIM) and Handspring, Inc. (Nasdaq: HAND) today announced that they have signed an agreement in principle setting out the fundamental terms under which RIM will license certain RIM keyboard patents to Handspring. Specific terms of the royalty-bearing license were not disclosed. RIM has agreed to dismiss its pending litigation against Handspring following the execution of a definitive agreement.
"Our agreement with Handspring further validates our strong patent portfolio and leadership in innovative wireless communications solutions like BlackBerry™," said Jim Balsillie, Chairman and Co-CEO at Research In Motion. "RIM is committed to licensing its patents and technologies to provide customers with high-quality and proven products that leverage our extensive wireless expertise."
"Wireless device users are finding that integrated QWERTY keyboards are a fast, easy and familiar method of data input," said Donna Dubinsky, founder and CEO of Handspring. "We are pleased to come to this agreement with RIM so that we can focus our resources on product innovation and expanding the market for our Treo communicators."
Further details of the current and pending agreements between RIM and Handspring were not disclosed.
About Research In Motion (RIM)
Research In Motion Limited is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services that support multiple wireless network standards, RIM provides platforms and solutions for seamless access to time-sensitive information including email, phone, SMS messaging, Internet and intranet-based applications. RIM technology also enables a broad array of third party developers and manufacturers to enhance their products and services with wireless connectivity to data. RIM's portfolio of award-winning products, services and embedded technologies are used by thousands of organizations around the world and include the BlackBerry™ wireless platform, the RIM Wireless Handheld™ product line, software development tools, radio-modems and software/hardware licensing agreements. Founded in 1984 and based in Waterloo, Ontario, RIM operates offices in North America, Europe and Asia Pacific. RIM is listed on the Nasdaq Stock Market (Nasdaq: RIMM) and the Toronto Stock Exchange (TSX: RIM). For more information, visit www.rim.com or www.blackberry.com.
About Handspring
Handspring is a leading innovator in personal communications and handheld computing. The company's products include the Treo wireless communicators and Treo 90 organizer, the Visor expandable handheld computers, and client and server software for fast Web access from handheld devices and mobile phones. Today Handspring sells its products and accessories at www.handspring.com and through select Internet, retail and carrier partners in the United States, Europe, Asia, Australia, New Zealand, Canada, the Middle East and Mexico.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Forward-looking statements in this news release are made pursuant to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, whether RIM and Handspring will enter into a definitive agreement concerning the licensing of RIM's key board patents, risks relating to possible product defects and product liability, risks related to international sales and potential foreign currency exchange fluctuations, continued acceptance of RIM's and Handspring's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in RIM's and Handspring's periodic reports filed with the United States Securities and Exchange Commission and other regulatory authorities. Handspring and RIM assume no obligation to update the forward-looking information contained in this press release, except as otherwise required by applicable law.
Research In Motion and RIM are trademarks of Research In Motion Limited. Research In Motion and RIM are registered with the U.S. Patent and Trademark Office and may be pending or registered in other countries. Handspring, the Handspring logo, Treo and Visor are trademarks of Handspring, Inc. and may be registered in certain jurisdictions. All other brands, products and company names mentioned herein may be trademarks or registered trademarks of their respective holders.