Core Wireless Announces Patent License Agreement With Global Consumer Electronics Manufacturer
OTTAWA, Feb. 13, 2017 /PRNewswire/ - Core Wireless Licensing S.à.r.l., a subsidiary of Conversant Intellectual Property Management Inc., announced today a patent license agreement with a global consumer electronics manufacturer. Under the agreement, Core Wireless has licensed its worldwide portfolio of wireless patents and patent applications that cover technologies used in a wide range of mobile communications devices and services, such as handsets, cameras, tablets, and laptops. The Core Wireless portfolio includes many declared standard essential patents (SEPs) that Core Wireless seeks to license on fair, reasonable, and non-discriminatory (FRAND) terms. The terms of the agreement are confidential.
"We look forward to concluding more Core Wireless patent license agreements in 2017," said Boris Teksler, Manager of Core Wireless and President and CEO of Conversant. "Core Wireless always prefers negotiating with willing licensees towards fair agreements without the need to litigate. But for companies who are not willing to engage in the FRAND licensing process, Core Wireless stands ready to enforce our patent rights when required. In fact, this latest agreement follows our successes in the United States courts in 2016, where three separate juries found Core Wireless patents valid and infringed by handsets and tablets that are compliant with wireless communications standards. In one case the Court later awarded enhanced damages against a resistant defendant, recognizing the importance of engaging in serious, good-faith license negotiations and being willing to take a FRAND license where appropriate. These results show both the value of the Core Wireless portfolio and the necessity of good-faith participation in SEP license negotiations."
About Core Wireless
Core Wireless Licensing S.à.r.l. is an intellectual property management company focused on licensing a major portfolio of about 1,000 wireless patents and patent applications that cover technologies used in a wide range of mobile communications devices and services. Core Wireless is a subsidiary of Conversant Intellectual Property Management Inc. For more information, please visit http://www.core-wireless.com/.
About Conversant
Conversant Intellectual Property Management Inc. is a global intellectual property management company known for its principled approach to patent licensing. With a portfolio of thousands of patents and patent applications under management, Conversant has special expertise in semiconductors and communications technology. For more information, please visit www.conversantip.com.
SOURCE Conversant Intellectual Property Management Inc
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