Nokia and Samsung expand their intellectual property cross license
July 13 2016 - 1:04AM
Nokia and Samsung have agreed terms to expand their patent cross
license agreement to cover certain additional patent portfolios of
both parties. This agreement is in addition to the outcome of the
arbitration between the two companies that was announced on
February 1, 2016.
The agreement announced today expands access for each company to
patented technologies of the other and reinforces Nokia's
leadership in technologies for the programmable world. With this
expansion, Nokia expects a positive impact to the net sales of
Nokia Technologies starting from the third quarter of
2016.
With this expanded agreement, Nokia Technologies' annualized net
sales related to patent and brand licensing is expected to grow to
a run rate of approximately EUR 950 million by the end of 2016.
"With intellectual property portfolios from Nokia Technologies,
Nokia Networks and Alcatel-Lucent, Nokia has a wealth of
technologies relevant to mobile devices and beyond," said Ramzi
Haidamus, president of Nokia Technologies. "We welcome this
expanded agreement with Samsung which recognizes the strength of
our assets, and we continue to pursue new licensing opportunities
across a number of diverse industries."
About Nokia Technologies Nokia Technologies is Nokia's
advanced technology and licensing business. Formed in 2014, TECH
builds upon our solid foundation of industry-leading licensing and
technology R&D capabilities. By focusing on Digital Health,
Digital Media, Brand Licensing and Patent Licensing, TECH is
expanding the human possibilities of the ever-evolving world of
technology. In 2015, Nokia Technologies launched OZO, the world's
first virtual reality (VR) camera designed for professionals.
About Nokia Nokia is a global leader in the technologies
that connect people and things. Powered by the innovation of Nokia
Bell Labs and Nokia Technologies, the company is at the forefront
of creating and licensing the technologies that are increasingly at
the heart of our connected lives.
With state-of-the-art software, hardware and services for any
type of network, Nokia is uniquely positioned to help communication
service providers, governments, and large enterprises deliver on
the promise of 5G, the Cloud and the Internet of Things.
www.nokia.com
Media Enquiries: Nokia Communications Tel. +358 (0) 10
448 4900 Email: press.services@nokia.com
Investor Enquiries: Nokia Investor Relations Tel. +358
4080 3 4080 Email: investor.relations@nokia.com
RISKS AND FORWARD-LOOKING STATEMENTS It should be noted
that Nokia and its businesses are exposed to various risks and
uncertainties and certain statements herein that are not historical
facts are forward-looking statements, including, without
limitation, those regarding: A) expectations, plans or benefits
related to our strategies and growth management; B) expectations,
plans or benefits related to future performance of our businesses;
C) expectations and targets regarding financial performance,
results, operating expenses, taxes, cost savings and
competitiveness, as well as results of operations including
targeted synergies and those related to market share, prices, net
sales, income and margins; D) expectations and targets regarding
collaboration, partnering and licensing arrangements, as well as
our expected customer reach; E) outcome of pending and threatened
litigation, arbitration, disputes, regulatory proceedings or
investigations by authorities; and F) statements preceded by or
including "believe," "expect," "anticipate," "foresee," "sees,"
"target," "estimate," "designed," "aim," "plans," "intends,"
"focus," "continue," "project," "should," "will" or similar
expressions. These statements are based on the management's best
assumptions and beliefs in light of the information currently
available to it. Because they involve risks and uncertainties,
actual results may differ materially from the results that we
currently expect. Factors, including risks and uncertainties, that
could cause such differences include, but are not limited to: 1)
our ability to execute our strategy, sustain or improve the
operational and financial performance of our business or correctly
identify or successfully pursue business opportunities or growth;
2) our dependence on the development of the industries in which we
operate, including the cyclicality and variability of the
telecommunications industry; 3) our exposure to regulatory,
political or other developments in various countries or regions,
including emerging markets and the associated risks in relation to
tax matters and exchange controls, among others; 4) our ability to
effectively and profitably compete and invest in new competitive
high-quality products, services, upgrades and technologies and
bring them to market in a timely manner; 5) Nokia Technologies'
ability to maintain and establish new sources of patent licensing
income and IPR-related revenues, particularly in the smartphone
market; 6) the impact of the patent cross license agreement on
Nokia Technologies' financial results, Nokia's intellectual
property portfolios, the future performance of Nokia Technologies
and Nokia's future interactions with Samsung; 7) our dependence on
IPR technologies, including those that we have developed and those
that are licensed to us, and the risk of associated IPR-related
legal claims, licensing costs and restrictions on use; 8) Nokia
Technologies' ability to generate net sales and profitability
through licensing of the Nokia brand, the development and sales of
products and services, as well as other business ventures which may
not materialize as planned; 9) the impact of unfavorable outcome of
litigation, arbitration, agreement-related disputes or allegations
of product liability associated with our businesses; 10)
performance failures by our partners or failure to agree to
partnering arrangements with third parties; as well as the risk
factors specified on pages 69 to 87 of our annual report on Form
20-F filed on April 1, 2016 under "Operating and financial review
and prospects-Risk factors", as well as in Nokia's other filings
with the U.S. Securities and Exchange Commission. Other unknown or
unpredictable factors or underlying assumptions subsequently proven
to be incorrect could cause actual results to differ materially
from those in the forward-looking statements. We do not undertake
any obligation to publicly update or revise forward-looking
statements, whether as a result of new information, future events
or otherwise, except to the extent legally required.
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