en.Wedoany.com Reported - Lenovo and Nokia jointly announced today that they have signed a multi-year, multi-technology patent cross-licensing agreement. The agreement was simultaneously announced in Espoo, Finland, and Morrisville, North Carolina, USA, with specific terms kept confidential as agreed by both parties.

The two companies had previously signed a patent cross-licensing agreement in 2021. Susanna Martikainen, Chief Licensing Officer at Nokia, stated that this agreement, reached through amicable negotiations, reflects the strength of Nokia's patent portfolio and its decades-long continuous investment in research, development, and standardization. Taylor Ludlam, Vice President, Deputy General Counsel, and Chief Intellectual Property Officer at Lenovo, noted that effective intellectual property licensing can accelerate corporate innovation, meet industry standards, and facilitate the efficient launch of new products. He added that this cross-licensing agreement aligns with industry best practices and supports ongoing innovation. Both companies contribute their inventions to open standards and obtain licensing rights under fair, reasonable, and non-discriminatory (FRAND) principles.

Nokia has been continuously expanding its patent licensing business in recent years, having reached licensing agreements with "almost all major European and American automakers." In January this year, Nokia announced the signing of a bilateral licensing agreement with a leading Chinese automaker, covering 2G to 5G cellular technologies and core Wi-Fi technologies. To date, a total of 12 Chinese automakers have obtained Nokia technology licenses through bilateral agreements or the Avanci patent pool model.

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