(PR) Samsung and Ericsson Sign Global Patent License Agreement
Ericsson and Samsung have arrived at a multi-calendar year agreement on global patent licenses between the two firms, which include patents relating to all cellular technologies. The cross-license arrangement covers gross sales of community infrastructure and handsets from January one, 2021. In addition, Ericsson and Samsung have agreed on know-how cooperation jobs to progress the cell sector in open up standardization and produce valuable alternatives for shoppers and enterprises.
This settlement finishes issues submitted by both equally companies just before the United States International Trade Fee (USITC) as nicely as the ongoing lawsuits in a number of nations and confirms the benefit of the solid patent portfolios of equally corporations. The specifics of the arrangement are private and will not be disclosed. Ericsson’s IPR licensing revenues proceed to be affected by numerous things, generally expired patent license agreements pending renewal, geopolitical impact on the handset sector, technologies shift from 4G to 5G, and attainable currency effects going ahead. In the second quarter 2021, IPR licensing revenues, such as the new agreement masking profits from January 1, 2021, are predicted to be SEK two. b to 2.five b.
Christina Petersson, Chief Intellectual Property Officer at Ericsson suggests: “We are delighted to sign a mutually advantageous arrangement with Samsung. This critical offer confirms the benefit of our patent portfolio and even further illustrates Ericsson’s determination to FRAND ideas.”