Nokia: signs licensing agreement with Lenovo
(CercleFinance.com) - Nokia announced that it has entered into a multi-year, multi-technology patent cross-licensing agreement with the Chinese technology company Lenovo.
As part of the agreement, Lenovo will make a net payment to Nokia.
The terms of the agreement remain confidential - the agreement resolves all pending patent and other litigation between both parties in all jurisdictions.
Jenni Lukander, president of Nokia Technologies, said, "The agreement reflects Nokia's decades of investment in R&D and contributions to cellular and multimedia standards. "
John Mulgrew, Lenovo's chief intellectual property officer, announced, "Our agreement with Nokia reflects the value of Nokia's technology leadership and Lenovo's continued investment in 5G innovation. The global agreement reached will enable future collaboration between our companies for the benefit of customers around the world."
Nokia's industry-leading patent portfolio is based on more than 129 billion euros invested in R&D over the past two decades and consists of around 20,000 patent families, including more than 3,500 patent families that are declared essential to 5G.
In addition to its leadership in cellular standards, Nokia has also made significant contributions to multimedia and video research and industry standards development over more than 30 years.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
As part of the agreement, Lenovo will make a net payment to Nokia.
The terms of the agreement remain confidential - the agreement resolves all pending patent and other litigation between both parties in all jurisdictions.
Jenni Lukander, president of Nokia Technologies, said, "The agreement reflects Nokia's decades of investment in R&D and contributions to cellular and multimedia standards. "
John Mulgrew, Lenovo's chief intellectual property officer, announced, "Our agreement with Nokia reflects the value of Nokia's technology leadership and Lenovo's continued investment in 5G innovation. The global agreement reached will enable future collaboration between our companies for the benefit of customers around the world."
Nokia's industry-leading patent portfolio is based on more than 129 billion euros invested in R&D over the past two decades and consists of around 20,000 patent families, including more than 3,500 patent families that are declared essential to 5G.
In addition to its leadership in cellular standards, Nokia has also made significant contributions to multimedia and video research and industry standards development over more than 30 years.
Copyright (c) 2021 CercleFinance.com. All rights reserved.