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Sisvel Acquires Over 450 Nokia Patents

15-Jan-2012 | Source : AG-IP News | Visits : 5310
LAS VEGAS - Sisvel International announced in a press release that it has acquired 47 patent families comprised of more than 450 patents and applications originally filed by Nokia. 

The patents and patent applications cover technologies used in a wide range of mobile communications devices and services. Thirty-three of the patent families, consisting of more than 350 patents and applications, have been declared essential by Nokia to second, third and fourth-generation communications standards, including GSM (Global Systems for Mobile communications), UMTS/WCDMA (Universal Mobile Telecommunications Service / Wide-Band Code Division Multiple Access) and LTE (Long Term Evolution). The balance of the portfolio consists of implementation patents including video encoding optimization technologies. The acquired patents remain subject to certain prior agreements and Nokia is licensed under the portfolio as part of the acquisition.

“Sisvel has been extremely active in recent years working with the wireless industry to provide simplified access to essential wireless patents on fair, reasonable, and non-discriminatory, or FRAND, conditions,” said Giustino de Sanctis, CEO of Sisvel International. Mr. de Sanctis also explained that “Acquiring the many essential patents in this key portfolio is a very significant step for Sisvel and a testament to Sisvel’s commitment and determination to succeed in this space. We look forward to offering these essential patents on FRAND terms and to continuing our work within the wireless industry.”

Started in 1982 when Sisvel S.p.A. was founded in Italy, the Sisvel Group has become a world leader in managing Intellectual Property and maximizing the value of patent rights.
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