Nokia has signed a multi-year patent license agreement with Hisense covering the use of Nokia’s video technologies in the consumer electronics maker’s televisions. Under the agreement, Hisense will make royalty payments to Nokia.
The agreement resolves all patent-related litigation between the parties in all jurisdictions. This is Nokia’s first patent license agreement with Hisense. The terms of the agreement are confidential, as agreed between the parties.
Susanna Martikainen, Chief Licensing Officer Wireless Technologies, Nokia, said, “Nokia enables other companies to build on our innovation by licensing the use of our patented technologies and we are delighted to have reached an agreement with Hisense which recognizes Nokia’s leadership in video and multimedia research and standardization.”
Nokia is an enabler in the development of video and multimedia technologies, including video compression, content delivery, content recommendation and aspects related to hardware. In the past 25 years, Nokia has created 5,000+ inventions that enable multimedia products and services and continues to play a leading role in multimedia research and standardization. Nokia’s expertise in multimedia and video research is built on continuous investment to advance the industry.
Hisense is a major Chinese multinational electronics and appliance manufacturer, founded in 1969, known globally for its affordable, innovative TVs, home appliances (fridges, ACs, washing machines), and mobile devices, operating in over 160 countries with significant global R&D, production, and market presence, consistently ranking as a top TV brand worldwide, including #1 in ultra-large TVs.
