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Prospector
Profile
2-15-002
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| Rim Semiconductor Company |
NAICS |
517110 |
| 305 NE 102nd Avenue, Suite 105
Portland, OR 97220 |
Description |
Telecommunications Equipment Mfg. |
| (503) 257-6700 |
Employees |
14 |
| http://www.rimsemi.com |
Revenue |
(mil) |
0.0100 |
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Income |
(mil) |
14.8400 |
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Assets |
(mil) |
0.4600 |
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Liability |
(mil) |
6.3200 |
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(for the year ended 2007-10-31) |
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Category:
Loss/Deficit
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Event:
Rim Semiconductor Company had a net loss of $14,842,164 on revenues of $14,757 for the year ended October 31, 2007, compared with a net loss of $15,965,621 on revenues of $61,699 for the year ended October 31, 2006. At October 31, 2007, the Company's balance sheet showed accumulated deficit of $90,689,341, stockholders' deficit of $5,858,707 and working capital deficit of $6,193,545.
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Intellectual Property:
The Company relies on a combination of trade secret, patent, copyright and trademark law, as well as non-disclosure agreements and invention-assignment agreements, to protect its proprietary information. In June 2007, the Company filed a patent application in the U.S. on its RQAM technology. Under an agreement with Adaptive Networks, Inc., the Company has a license to and/or co-owns four issued patents and six pending patent applications in the United States. As a result of its purchase of the assets of 1021 Technologies, Inc. and 1021 Technologies KK, the Company owns 11 issued patents and 4 pending patent applications in the United States. All of these issued and pending patents pertain to methodologies for modifying data in order to transmit it more efficiently on metallic media. The Company also relies upon trade secrets, know-how, continuing technological innovations and licensing opportunities to develop its competitive position. The Company intends to file additional patent applications, when appropriate, relating to technology, improvements to the technology, and to specific products it develops. [SEC Filing 10-K 01-29-08]
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Description:
Rim Semiconductor Company, through its subsidiaries, develops transmission technology products to transmit data across copper telephone wire in the United States.
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Officers:
Ray Willenberg, Jr. (Chair & EVP); Brad Ketch (Pres. & CEO); Jack Peckham (Dir.); William A. Swope (Dir.); Boon Tiong Tan (Dir.)
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Auditor:
Marcum & Kliegman LLP
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Securities:
Common Stock Symbol RSMI.OB; OTC BB; 476,182,134 common shares outstanding as of January 25, 2008.
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