Nokia announced today that it has concluded a multi-year, multi-technology patent cross-license agreement with Lenovo.
Under the agreement, Lenovo will make a net balancing payment to Nokia. The terms of the agreement remain confidential. The agreement resolves all pending patent litigation and other proceedings between the two parties, in all jurisdictions.
Nokia Technologies President Jenni Lukander said the company is delighted to have reached an agreement with Lenovo.
“The agreement reflects Nokia’s decades-long investments in R&D and contributions to cellular and multimedia standards. We appreciate, and very much respect, the constructive spirit Lenovo brought to our negotiations and look forward to working together to bring further innovation to their users around the world,” said Jenni Lukander.
Expressing happiness over the development, Lenovo Chief Intellectual Property Officer John Mulgrew said Lenovo’s agreement with Nokia reflects the value of both Nokia’s technology leadership and Lenovo’s continued investment in 5G innovation.
“The global accord struck will enable future collaboration between our companies for the benefit of customers worldwide,” said John Mulgrew.
Nokia’s industry-leading patent portfolio is built on more than €129 billion invested in R&D over the past two decades and is composed of around 20,000 patent families, including over 3,500 patent families declared essential to 5G.
In addition to its leadership in cellular standards, Nokia has also contributed significantly to multimedia and video research and the development of industry standards over the course of more than 30 years.
Nokia contributes these and other inventions to open standards in return for the right to license them on fair, reasonable and non-discriminatory (FRAND) terms. Companies can license and use these technologies without the need to make their own substantial investments in R&D.
Nokia creates technology that helps the world act together. As a trusted partner for critical networks, the company is committed to innovation and technology leadership across mobile, fixed and cloud networks.
The Finnish telecom major creates value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs. Adhering to the highest standards of integrity and security, we help build the capabilities needed for a more productive, sustainable and inclusive world.
Lenovo is a $50 billion Fortune Global 500 company, with 63,000 employees and operating in 180 markets around the world. Lenovo’s nearly 10,000 R&D employees have generated over 20,000 patents across a wide range of technologies, including computing, telecommunications, and artificial intelligence.
Focused on a bold vision to deliver smarter technology for all, we are developing world-changing technologies that create a more inclusive, trustworthy and sustainable digital society.
By designing, engineering and building the world’s most complete portfolio of smart devices and infrastructure, Lenovo is also leading an Intelligent Transformation – to create better experiences and opportunities for millions of customers around the world.