South Korean electronics manufacturer Samsung recently announced a new patent-sharing and cross-licensing deal with web search giant Google, now the company has followed up with an announcement that they’ve come to a similar arrange with Cisco.
Samsung said in a statement that the new deal will allow both companies “…access to each other’s industry-leading patent portfolios”. What that entails wasn’t elaborated on much, Samsung said only that the agreement “…covers a broad range of products and technologies.”
The licensing agreement covers the patents currently owned by both companies and will also incorporate all of the patents filed over the next decade.
Cisco’s Dan Lang said “By cross-licensing our patent portfolios, Cisco and Samsung are taking important steps to reverse the trend and advance innovation and freedom of operation.”
Source: Samsung Tomorrow