Nokia signs patent license agreement with HP
Nokia Corporation Sponsored American Depositary Shares (NOK)
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Source: GlobeNewswire
Press ReleaseNokia signs patent license agreement with HP License covers the use of Nokia’s video technologies in HP’s devicesNokia to receive royalty paymentsThe agreement resolves all patent litigation between the parties 29 October 2024Espoo, Finland – Nokia today announced it has signed a multi-year patent license agreement with HP covering the use of Nokia’s video technologies in HP’s devices. Under the agreement HP will make royalty payments to Nokia. The agreement resolves all patent litigation between the parties, in all jurisdictions. The terms of the agreement remain confidential as agreed between the parties. Arvin Patel, Chief Licensing Officer New Segments, at Nokia said: “We are delighted to have reached an agreement with HP which recognizes Nokia’s leadership in video and multimedia technologies and our decades-long investments in R&D.” Nokia is a leader in the development of video and multimedia technologies, including video compression, content delivery, content
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