Nokia and HTC have decided to sign a key technology agreement that settles all pending patent litigation between the two tech giants.
Nokia stated that HTC will make payments to Nokia and the collaboration will involve HTC’s LTE patent portfolio, further strengthening Nokia’s licensing offering, the companies said in a joint statement.
Under the plan, the two companies said that they will also explore future technology collaboration opportunities. The full terms of the agreement are confidential.
Paul Melin, chief intellectual property officer at Nokia said “We are very pleased to have reached a settlement and collaboration agreement with HTC, which is a long standing licensee for Nokia’s standards essential patents. This agreement validates Nokia’s implementation patents and enables us to focus on further licensing opportunities.”
Grace Lei, General Counsel of HTC said that, “Nokia has one of the most preeminent patent portfolios in the industry. As an industry pioneer in smartphones with a strong patent portfolio, HTC is pleased to come to this agreement, which will enable us to stay focused on innovation for consumers.”