Nokia has signed a patent licence agreement with Samsung, the Finnish company has announced.
The deal will see Samsung make royalty payments to Nokia under confidential terms, with Samsung utilising Nokia’s innovations in video standards.
While most famously known in the public realm for its mobile phones, Nokia has spent more than 30 years building up a patent portfolio based on more than €129 billion invested in R&D. This portfolio is made up of around 20,000 patent families including over 3,500 declared essential to 5G.
The company’s work in video research and standardisation has seen its engineers win numerous awards including four Technology & Engineering Emmys.
Jenni Lukander, President of Nokia Technologies, said: “We are delighted to have reached an agreement with Samsung which further validates Nokia’s decades-long investments to R&D and contributions to multimedia and video technology standards.”
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