Bengaluru, NFAPost: Nokia announced today that it has signed a patent license deal with Samsung for the use of its innovations in video standards. Under the agreement, Samsung will make royalty payments to Nokia while the terms of the agreement remain confidential between the two 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 reinforced with more than €129 billion invested in R&D over the past two decades.Furthermore, it is composed of around 20,000 patent families of which 3,500 patent families are 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.
