Cornice Announces Cross-License Agreement with Hitachi Global Storage Technologies; Cornice Gains Access to Hitachi Hard Drive IP as It Prepares for Substantial Growth in the CE Storage Industry

Business Wire, Jan 3, 2006

LONGMONT, Colo. -- Cornice Inc. -- an innovator in consumer storage solutions -- today announced that it has signed a long-term patent cross-license agreement with Hitachi GST covering each company's respective worldwide patent portfolios. Under the agreement, Cornice and Hitachi will cross license their hard drive patent portfolios, thereby allowing each company access to two of the industry's most innovative patent portfolios.

Meet Cornice At CES

Cornice will be showcasing the new Dragon Series storage at the International Consumer Electronics Show from January 5 - 8, 2006, at the Las Vegas Convention Center (South 4 Hall, booth 35579).

About Hitachi Global Storage Technologies

Hitachi Global Storage Technologies was founded in 2003 as a result of the strategic combination of Hitachi's and IBM's storage technology businesses. Hitachi GST is the industry's second largest hard disk drive manufacturer in revenue.

The company's goal is to enable users to fully engage in the digital lifestyle by providing access to large amounts of storage capacity in formats suitable for the office, on the road and in the home. The company offers customers worldwide a comprehensive range of storage products for desktop computers, high-performance servers and mobile devices. For more information on Hitachi Global Storage Technologies, please visit the company's Web site at http://www.hitachigst.com.

About Cornice

Cornice Inc. is the leading innovator in consumer storage solutions that enable a new generation of pocket-able consumer electronic devices for the world's foremost brand-name manufacturers. The one-inch Cornice storage solutions are durable, integrated personal storage that brings new levels of ruggedness and content capacity to these devices. Cornice storage is built into a wide variety of consumer products, including mobile phones, MP3 players, personal video recorders, GPS devices and portable storage products. Cornice customers consist of the world's leading consumer electronics manufacturers. Privately held, Cornice is headquartered in Longmont, Colorado, with integration centers in Europe, Hong Kong, Japan, Korea and Taiwan. Visit Cornice at http://www.corniceco.com/.>

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