AMSTERDAM - Royal Philips announced in a press release resolution of patent disputes and the signing of a patent license agreement with Nintendo Co., Ltd. (TYO: 797). 

 

As a result, the patent infringement proceedings that Philips had initiated in Germany, the UK, France and the USA against Nintendo’s Wii, Wii U and DS handheld products will end. As part of the agreement, Philips and Nintendo will cross-license portions of each company’s patent portfolio. 

 

“We are very pleased to have reached this agreement with Nintendo. It demonstrates that both companies recognize the importance of intellectual property rights,” said Brian Hinman, Chief Intellectual Property Officer of Philips. “It also shows the value of our extensive IP portfolio and our commitment to protect our significant investments in research & development.” 

 

Financial details and other terms of the license agreement will not be disclosed.

Royal Philips is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2013 sales of EUR 23.3 billion and employs approximately 112,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. News from Philips is located at www.philips.com/newscenter.