Press Release
July 5, 2017
Espoo, Finland & Beijing, China - Nokia and Xiaomi announced
that they have signed a business collaboration agreement and a
multi-year patent agreement, including a cross license to each
company's cellular standard essential patents. Xiaomi also acquired
patent assets from Nokia as part of the transaction.
"Xiaomi is one of the world's leading smartphone manufacturers
and we are delighted to have reached an agreement with them," said
Rajeev Suri, President & CEO of Nokia. "In addition to
welcoming such a prominent global technology company to our family
of patent licensees, we look forward to working together on a wide
range of strategic projects."
Under the business cooperation agreement, Nokia will provide
network infrastructure equipment designed to deliver the high
capacity, low power requirements expected by large web providers
and datacenter operators. Nokia and Xiaomi will work together on
optical transport solutions for datacenter interconnect, IP Routing
based on Nokia's newly announced FP4 network processor, and a data
center fabric solution. In addition, the companies have agreed to
explore opportunities for further cooperation, in areas such as
Internet of Things, augmented and virtual reality, and artificial
intelligence.
With presence in over 30 countries and regions, Xiaomi is well
known for its smartphones packed with innovative technologies at
disruptive prices. Beyond smartphones, Xiaomi is also a leading
Internet of Things player. The Mi Ecosystem IoT platform has
crossed 60 million connected devices, and there are now over 8
million daily active connected devices on the Mi Ecosystem
platform.
"As a company seeking to deliver more exciting technological
innovations to the world, we are excited at the opportunity to work
more closely with Nokia in future," said Lei Jun, chairman and CEO
of Xiaomi. "Xiaomi is committed to building sustainable, long-term
partnerships with global technology leaders. Our collaboration with
Nokia will enable us to tap on its leadership in building large,
high performance networks and formidable strength in software and
services, as we seek to create even more remarkable products and
services that deliver the best user experience to our Mi fans
worldwide."
About NokiaWe create the technology to connect the world.
Powered by the research and innovation of Nokia Bell Labs, we serve
communications service providers, governments, large enterprises
and consumers, with the industry's most complete, end-to-end
portfolio of products, services and licensing.
From the enabling infrastructure for 5G and the Internet of
Things, to emerging applications in virtual reality and digital
health, we are shaping the future of technology to transform the
human experience. nokia.com
About XiaomiXiaomi was founded in 2010 by serial
entrepreneur Lei Jun based on the vision "innovation for everyone".
We believe that high-quality products built with cutting-edge
technology should be made accessible to everyone. We create
remarkable hardware, software, and Internet services for and with
the help of our Mi fans. We incorporate their feedback into
our product range, which currently includes Mi and Redmi
smartphones, Mi TVs and set-top boxes, Mi routers, and Mi Ecosystem
products including smart home products, wearables and
other accessories. With presence in over 30 countries and
regions, Xiaomi is expanding its footprint across the world to
become a global brand.
Media InquiriesNokia Communications Phone: +358 10
448 4900 Email: press.services@nokia.com
Xiaomi Kaylene Hong, Communications Manager
Email: khong@xiaomi.com
FORWARD-LOOKING STATEMENTSIt 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) our ability to integrate Alcatel Lucent into our
operations and achieve the targeted business plans and benefits,
including targeted synergies in relation to the acquisition of
Alcatel Lucent; B) expectations, plans or benefits related to our
strategies and growth management; C) expectations, plans or
benefits related to future performance of our businesses; D)
expectations and targets regarding financial performance, results,
operating expenses, taxes, currency exchange rates, hedging, 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; E) expectations, plans or
benefits related to any future collaboration or to the business
collaboration agreement and the patent license agreement between
Nokia and Apple as well as between Nokia and Xiaomi, including
income to be received under any collaboration or partnership or
agreement; F) expectations and targets regarding collaboration and
partnering arrangements, joint ventures or the creation of joint
ventures, as well as our expected customer reach; and L) 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
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 these 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
and correctly identify and successfully pursue business
opportunities or growth; 2) our ability to achieve the anticipated
benefits, synergies, cost savings and efficiencies of the
acquisition of Alcatel Lucent, and our ability to implement our
organizational and operational structure efficiently; 3) general
economic and market conditions and other developments in the
economies where we operate; 4) our dependence on the development of
the industries in which we operate, including the cyclicality and
variability of the information technology and telecommunications
industries; 5) our global business and 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; 6) Nokia
Technologies' ability to protect its IPR and to maintain and
establish new sources of patent licensing income and IPR-related
revenues, particularly in the smartphone market; 7) our ability to
successfully realize the expectations, plans or benefits related to
any future collaboration or to the business collaboration agreement
and the patent license agreement between Nokia and Apple as well as
between Nokia and Xiaomi, including income to be received under any
collaboration or partnership or agreement; 8) 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; 9) our exposure to
direct and indirect regulation, including economic or trade
policies, and the reliability of our governance, internal controls
and compliance processes to prevent regulatory penalties in our
business or in our joint ventures, as well as the risk factors
specified on pages 67 to 85 of our 2016 annual report on Form 20-F
under "Operating and financial review and prospects-Risk factors"
and in our 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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