Kudelski Group and Google have struck a patent cross-licensing agreement the pair say will provide both companies with a patent license for their respective businesses, subject to certain limitations.
Google will make a one-time payment to The Kudelski Group as part of the deal.
“The Kudelski Group is focused on developing and licensing technology and intellectual property to the video market and we are pleased to license our patent portfolio to Google while also gaining access to Google patents. Operating companies benefit when they respect each other’s intellectual property rights and cross license their patents in a reasonable and collaborative manner. This agreement further validates the significant investment both companies have made and will continue to make in innovation to the benefit of consumers worldwide,” said Joe Chernesky, Senior Vice President of Intellectual Property and Innovation at the Kudelski Group.
“We are pleased to enter into this agreement, which will allow us to continue to focus on building great products,” said Allen Lo, Google’s Deputy General Counsel for Patents. “Google has a portfolio of more than 55,000 patents and applications worldwide and is actively cross-licensing its patents in support of Google’s product ecosystem.”
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24th May 2020