As Nokia has announced in a press release, the Finns have reached an agreement with HTC in an agreement on the resignation of the patent litigation.
The agreement includes that HTC to pay royalties to Nokia dissipates, in addition may use HTC’s LTE patents Nokia. In return, Nokia will drop all patent lawsuits against HTC. In addition, we announced that the two companies want to explore opportunities in the future to continue working together.
Nokia natural look has become very excited about this development. The agreement show the value of Nokia’s patents and would to create the possibility to focus on further licensing opportunities in the area.
“We are very pleased to have reached a settlement agreement and collaboration with HTC, Which is a long standing licensee for Nokia’s standards essential patents. This agreement validates Nokia’s implementation patents and Enables us to focus on Further licensing opportunities. “
Paul Melin, Chief Intellectual Property Officer, Nokia
The exact terms were of course is not mentioned and will remain confidential. For me personally, this is, however, also could not care less – I’m simply a little relieved that it is here now clarity between the two fronts and both companies are now again able to focus 100% on what is really important
.
“Nokia Has one of the most preeminent patent portfolios in the industry. As to industry pioneer in smartphones with a strong patent portfolio, HTC is pleased to come to this agreement, whichwill enable us to stay focused on innovation for consumers. “
Grace Lei, general counsel, HTC.
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