As we reported yesterday, Ritek has joined Philips' Veeza licensing system. According to an article DigiTimes, they are the first Taiwanese disc manufacturer to do so.
Royal Philips Electronics on September 25 announced Ritek has joined Veeza, its new licensing system for CD-R disc patents, with Ritek being the first Taiwan-based optical disc maker to sign on. Philips also announced a 41.7% reduction in its royalty charge for recordable DVD discs from US$0.06 to US$0.035, a step toward extending Veeza from CD-R to recordable DVD discs.
Ritek's five-year contract with Philips for licensed use of CD-R patents expired a few months ago and the company agreed to join Veeza to continue licensing the patents, Ritek pointed out. However, optical discs makers in Taiwan had originally boycotted Veeza, so Ritek's sudden reversal may cause some discontent among its fellow makers. As Ritek is currently the second largest maker of optical discs in Taiwan, its action will bring pressure on other makers, industry sources indicated.
With Ritek on board, it will probably be only a matter of time before other manufacturers start using Veeza. If you'd like to read more, head on over to DigiTimes.
