The power supply division of bankrupt OCZ Technologies, now a wholly-owned subsidiary of Toshiba known as OCZ Storage Solutions, has been acquired from liquidators by Firepower Technology.
OCZ's PSU arm has been acquired following its liquidation, but fans of the company will be dismayed to see evidence that its new owner is a patent troll.
Although the bulk of OCZ Technologies was sold to Toshiba in a $35 million deal
, the company didn't want everything - just the storage division. As a result, liquidator ZCO Liquidating Corporation - read the letters backwards - was forced to find buyers for other parts of the company, including its power supply arm.
In a filing with the US Securities and Exchange Commission filed by ZCO late last night, the liquidator confirmed that a buyer had been found for the latter: Firepower Technology, which has paid $850,000 for the technologies, assets and patents of OCZ's power supply division.
What isn't yet clear is exactly who Firepower actually is. There's certainly no record of a PSU manufacturer with that name, and the company itself was only incorporated in January this year. There's a further warning sign in ZCO's SEC filing, where the outfit is described as 'Firepower Technology, Inc., a Delaware corporation.
' Those with an eye for patent law will be aware that Delaware is notorious for ruling more cases in favour of patent holders - in particular those non-practising corporations known as 'patent trolls' - than any other area of the US bar East Texas, as evidenced by this Washington Post
So, it seems likely that Firepower Technology is little more than a front for another company, and one with a particular view to using patents obtained from OCZ's power supply arm aggressively rather than defensively. While it's possible that Firepower is owned by a manufacturer who may want to continue building power supplies based on OCZ's designs, the evidence points to an ignominious death for OCZ PSUs at the hands of a patent troll.