- License covers the use of Nokia’s video technologies in HP’s devices
- Nokia to receive royalty payments
- The agreement resolves all patent litigation between the parties
29 October 2024 – Espoo, Finland – Nokia 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.”
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