AMPX Ampex Corp Class A (MM)

Ampex Corporation (Nasdaq:AMPX) today announced that it has entered into an agreement with M๏ฟฝCAM, Inc. to develop an intellectual property commercialization and monetization strategic plan which is intended to accelerate and broaden the Company๏ฟฝs licensing program. M๏ฟฝCAM and its founder, Dr. David Martin, have developed proprietary software and other technology that identifies possible new licensing opportunities, strategic partnerships and other business relationships where a client๏ฟฝs intellectual property might bring added value. Ampex and M๏ฟฝCAM intend to work together to capitalize on the market opportunities that the strategic plan identifies. M๏ฟฝCAM, Inc., www.m-cam.com, is a global, full-service intellectual property and rights and intangible asset evaluation and valuation firm. It provides the technical and financial systems that allow public and private markets to use such intangible assets for regulated transactions in banking, securities, insurance, and public innovation investment and technology procurement. From its pioneering work in creating the world's first standards-based innovation collateralization financial products for banking and securities to its work in grassroots innovator enablement and patent quality assurance programs, M๏ฟฝCAM provides the mechanism to balance the interests of public and commercial sectors to support and build thriving economies. Ampex Corporation, www.ampex.com, headquartered in Redwood City, California, is one of the world๏ฟฝs leading innovators and licensors of technologies for the visual information age, and has been licensing its technology to manufacturers of consumer and professional products for over 40 years. This release may contain information about the Company๏ฟฝs future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by such forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties disclosed in its Annual report on Form 10-K and its Quarterly Reports on Form 10-Q, as well as other documents periodically filed with the Securities and Exchange Commission.