Nokia has announced that it has signed a new video patent licensing deal with Samsung. This significant agreement will allow Samsung to utilize Nokia’s advanced video standards, which are the result of extensive research and development by Nokia over the years.
Samsung will be paying Nokia royalties for the use of these patents. However, the specific financial details, including the amount of these payments and the overall value of the deal, have not been disclosed to the public.
Significance of the Agreement
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.”
This agreement is a testament to Nokia’s enduring influence and leadership in the field of multimedia and video technology. Over the course of more than 30 years, Nokia has made substantial contributions to multimedia and video research, as well as the development of industry standards. The company’s engineers have been at the forefront of video research and standardization, earning numerous international accolades, including four Technology & Engineering Emmy® Awards.
Impact on the Industry
The collaboration between Nokia and Samsung is expected to have a significant impact on the industry. By leveraging Nokia’s patented video technologies, Samsung can enhance its product offerings, ensuring that they meet the highest standards of video quality and performance. This partnership underscores the importance of intellectual property and innovation in driving technological advancements and maintaining competitive advantage in the market.
Nokia’s video standards are likely to be integrated into a wide range of Samsung products, from smartphones and tablets to smart TVs and other multimedia devices. This integration will not only improve the user experience but also set new benchmarks for video quality in the industry.
Moreover, this deal highlights the value of Nokia’s extensive patent portfolio, which spans various aspects of multimedia and video technology. It also reinforces the company’s strategy of monetizing its intellectual property through licensing agreements with leading technology companies.
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.
The collaboration between these two tech giants is a clear indication of the mutual benefits that can be achieved through strategic partnerships. For Samsung, access to Nokia’s cutting-edge video technologies will enable the company to stay ahead of the competition and continue to deliver innovative products to its customers. For Nokia, the deal provides a steady stream of revenue from royalties, which can be reinvested into further research and development efforts.
You can find out more details about this new patent licensing deal between Nokia and Samsung at the link below.
Source Nokia
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