Nokia has signed a new royalty-bearing patent licensing agreement with Samsung. Announcing the agreement Nokia revealed that it is related to the use of Nokia’s video standards patents.
However this is not the first patent deal between Nokia and Samsung. Samsung has been paying royalty to Nokia in another patent licensing agreement inked in 2016.
As expected Nokia has not disclosed the revenue expected from this deal. The press release just mentions, “Under the agreement, Samsung will make royalty payments to Nokia. The terms of the agreement remain confidential between the parties”. Read the full press release below.
Nokia announced today that it has signed a patent license agreement with Samsung, which covers the use of Nokia’s innovations in video standards. Under the agreement, Samsung will make royalty payments to Nokia. The terms of the agreement remain confidential between the parties.
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.”
Over the course of more than 30 years, Nokia has contributed significantly to multimedia and video research and the development of industry standards. The work of Nokia’s engineers in the field of video research and standardization has been recognized with numerous international awards, including four Technology & Engineering Emmy® Awards.
Nokia’s industry-leading patent portfolio is built on more than €129 billion invested in R&D over the past two decades and is composed of around 20,000 patent families, including over 3,500 patent families declared essential to 5G. Nokia contributes its inventions to open standards in return for the right to license them on fair, reasonable and non-discriminatory (FRAND) terms. Companies can license and use these technologies without the need to make their own substantial investments in R&D.