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Wednesday, February 9, 2011

Samsung Electronics and IBM announce patent agreement

Samsung Electronics and IBM have announced an agreement that’ll see the companies licensing their patent portfolios to each other. Specific terms and conditions were not disclosed.

IBM and Samsung have patents covering a wide range of technologies and services including mobile communications, telecommunications, semiconductors and visual communications. This cross-licensing agreement enables the two companies to innovate use each other's patented inventions.

Dr Seungho Ahn , Executive Vice President and Head of the IP Center at Samsung Electronics, said “This licensing agreement will help both companies expedite innovation and achieve business growth by providing each company access to the other's patents for basic technologies. We also hope the agreement will open new opportunities for wider collaboration between two of the leading innovators in the technology industry.”

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Author: The Fonecast
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Categories: Handsets and manufacturers, NewsNumber of views: 962

Tags: samsunglegalpatentibm

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