Motorola Mobility LLC (Motorola), a subsidiary of Lenovo Group, and Sharp have reached a global agreement on cross patent licenses relating to each organization’s wireless communication technologies.
Lenovo is pleased to enter into an agreement where both parties came to agree on the fair value of each other’s portfolio, with both parties demonstrating their willingness to license on a fair, reasonable, and non-discriminatory (FRAND) basis.
Motorola is a leading global cell phone vendor with a long history of innovation – with iconic flagship devices such as the foldable razr, first launched in 2004 and relaunched in 2019. Lenovo continues to innovate and contribute to the development of cellular technologies across its portfolio, with over 1,900 patent families classed as essential to 3G, 4G and 5G standards licensed to multiple companies worldwide.
Commenting on the agreement with Sharp, John Mulgrew, Vice President and global head of Intellectual Property, Lenovo, commented: “Our cross-licensing agreement with Sharp is a textbook example of two companies coming together with mutual respect for each other’s investment and innovation, and who are prepared to negotiate on a FRAND basis. FRAND is something that Lenovo is committed to through all licensing negotiations and agreements – whether we are the licensee or licensor. As a global technology leader and patent owner we are committed to ensuring that customers continue to have access to affordable innovation through both our own innovation and that resulting from industry cross-licensing agreements.”
Lenovo is a US$62 billion revenue global technology powerhouse, ranked #217 in the Fortune Global 500, employing 77,000 people around the world, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver smarter technology for all, Lenovo has built on its success as the world’s largest PC company by further expanding into growth areas that fuel the advancement of ‘New IT’ technologies (client, edge, cloud, network, and intelligence) including server, storage, mobile, software, solutions, and services. This transformation together with Lenovo’s world-changing innovation is building a more inclusive, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the stock exchange of Hong Kong under Lenovo Group Limited (HKSE: 992)(ADR: LNVGY). To find out more visit https://www.lenovo.com, and read about the latest news via our StoryHub.