Aware to sell patents to Intel for $75 mn

NEW YORK, USA: Software maker Aware Inc said it will sell some patents related to WiFi and 4G LTE to Intel Corp for about $75 million, sending its shares up 70 per cent.

Aware, which sells software for biometrics and imaging applications, also declared a special cash dividend of $1.15 per share, or about $24 million, to be paid on May 25.

Shares of the company were up $2.61 in early trade at $6.35 on Friday on the Nasdaq.