Following many defeats in the battle of patent war against Nokia, HTC has finally signed the patent and technology collaboration agreement with the Finnish phone-maker to settle all pending cases since 2012 between 2 companies.
According to the joint press release, HTC has to make payment to Nokia, while the patent collaboration also includes the Taiwanese smartphone-maker’s 4G LTE portfolio and it will strengthen the Nokia’s licensing offering.
However, the amount to be paid by HTC to Nokia hasn’t disclosed yet nor any further details of the agreement revealed. Grace Lei, general counsel of HTC said in the statement,
“Nokia has one of the most preeminent patent portfolios in the industry. As an industry pioneer in smartphones with a strong patent portfolio, HTC is pleased to come to this agreement, which will enable us to stay focused on innovation for consumers.”
Both the company seems to be satisfied with the current move to tackle the waste of time and money to fight in courts on the patent disputes, where Paul Melin, chief intellectual property officer at Nokia said the following:
“We are very pleased to have reached a settlement and collaboration agreement with HTC, which is a long-standing licensee for Nokia’s standards essential patents. This agreement validates Nokia’s implementation patents and enables us to focus on further licensing opportunities.”
The patent war between these two companies started in 2012, when Nokia sues HTC for unauthorized use of Nokia’s intellectual property and since the first lawsuit, the Finnish phone-maker has asserted more than 50 patents against the Taiwanese device maker, HTC. Recently Nokia has won a lawsuit against HTC in Germany and before, HTC has got slammed several times for patent infringements since 2012 in many countries worldwide. In UK, Nokia managed to impose the ban on HTC One smartphones and in another separate case it imposed ban on HTC One mini smartphones in the same country.
HTC will be holding its Q1 2014 forecast of earnings conference call with investors on 10th February and the company said in the filing to the Taiwan Stock Exchange that the settlement will not affect its financial results. In last few quarters, HTC reported loss over loss in its smartphone business.