Memorex 2010 Annual Report Download - page 10

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Intellectual Property
We rely on a combination of patent, trademark and copyright laws, trade secret protection and confidentiality and
license agreements to protect the intellectual property rights related to our products. We register our patents and
trademarks in the United States and in a number of other countries where we do business. United States patents are
currently granted for a term of twenty years from the date a patent application is filed. United States trademark
registrations are for a term of ten years and are renewable every ten years as long as the trademarks are used in the
regular course of trade. Pursuant to trademark license agreements between TDK and Imation and its affiliates, TDK
granted Imation and its affiliates a long-term exclusive license to use the TDK Life on Record brand for current and future
recordable magnetic, optical, flash media and accessory products globally. The trademark license agreements will continue
unless terminated by TDK no earlier than 2032 (2017 in the case of headphones and speakers) or earlier in the event of a
material breach of the Trademark License Agreement, specific change of control events or default by Imation.
During 2010, we were awarded 12 United States patents and at the end of the year held over 275 patents in the
United States.
Employees
At December 31, 2010, we employed approximately 1,115 people worldwide, with approximately 515 employed in the
United States and approximately 600 employed internationally.
Environmental Matters
Our operations are subject to a wide range of federal, state and local environmental laws. Environmental remediation
costs are accrued when a probable liability has been determined and the amount of such liability has been reasonably
estimated. These accruals are reviewed periodically as remediation and investigatory activities proceed and are adjusted
accordingly. Compliance with environmental regulations has not had a material adverse effect on our financial results. As
of December 31, 2010, we had environmental-related accruals totaling $0.5 million and we had minor remedial activities
underway at one of our facilities. We believe that our accruals are adequate, though there can be no assurance that the
amount of expense relating to remedial actions and compliance with applicable environmental laws will not exceed the
amounts reflected in our accruals.
International Operations
Approximately 57 percent of our total 2010 revenue came from sales outside the United States, primarily through
subsidiaries, sales offices, distributors and relationships with OEMs throughout Europe, Asia, Latin America and Canada.
The removable data storage market is at different levels of development and penetration in different geographic regions.
As a result, growth rates will typically vary by application and product category in different parts of the world. We do not
own manufacturing facilities outside of the United States. See Note 14 to the Consolidated Financial Statements for further
information by geographic region.
As discussed under Risk Factors in Item 1A of this Form 10-K, our international operations are subject to various
risks and uncertainties that are not present in our domestic operations.
Executive Officers of the Registrant
Information regarding our executive officers as of February 25, 2011 is set forth below:
Greg J. Bosler, age 49, is Senior Vice President of Global Business Management, a position he has held since
October 2010. From May 2010 to October 2010 he was Vice President, Americas, and from January 2009 to April 2010
he was Vice President, Americas Consumer. Prior to joining Imation in January 2009, he was with TTE Corporation (a
global consumer electronics manufacturer) where he held the position of Executive Vice President, North America Business
Center from August 2004 until February 2008. Prior to that, Mr. Bosler held a series of senior sales and general
management positions at Thomson Inc., Pioneer Electronics (USA) and Duracell Inc.
James C. Ellis, age 53, is Vice President, Strategy and M&A, a position he has held since January 2008. He has
been with Imation since spin-off in July 1996. Prior to assuming his current responsibilities, he had various leadership
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