Memorex 2014 Annual Report Download - page 93

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88
In 2014, 2013 and 2012 we purchased products and services under the Supply Agreement which allowed us to
purchase a limited number of LTO Tape media and Blu-ray removable recording media and accessory products for
resale in the aggregate amounts of approximately $3 million, $28 million and $38 million, respectively, from TDK or
its affiliates. The Supply Agreement was terminated on March 31, 2014. We did not sell products nor provide
services to TDK or its affiliates in 2014, 2013 or 2012. No trade payables to TDK or its affiliates were outstanding at
December 31, 2014 and were $1.6 million at December 31, 2013. No trade receivables from TDK or its affiliates
were outstanding as of December 31, 2014 or December 31, 2013.
In 2011, we discontinued our tape coating operations at our Weatherford, Oklahoma facility and closed the
facility. We signed a strategic agreement with TDK to jointly develop and manufacture magnetic tape technologies
in which we collaborated on the research and development of future tape formats in both companies’ research
centers in the U.S. and Japan. At the end of 2013, TDK announced its intent to cease manufacturing of magnetic
tape and, as a result, we transitioned to source our product from alternate magnetic tape suppliers during 2014.