Patent owners join together to explore complementary licensing models
By MYBRANDBOOK
Patent owners IP Bridge, Orange, Siemens, and Xiaomi have announced an end to long-lasting disputes through an innovative patent licensing transaction to enable efficient licensing of patent rights across multiple technologies from the companies to Xiaomi. Novus IP, a company owned by Paul Lin, the former "Head of IP Strategy" at Xiaomi, worked as a deal facilitator and helped Xiaomi and the three licensors successfully close this licensing transaction in a highly efficient manner.
“We continue to explore complementary licensing models to the traditional patent pool and bilateral models in order to avoid time-consuming disputes and to focus on innovation,” said Ran Xu, General Manager of Global Business Development and IP Strategy, at Xiaomi Group. “This unique transaction structure lets Xiaomi customers enjoy the benefits of inventions from 3 companies, efficiently.” Siemens is a leading technology company focusing on technology with purpose.
“For us, protection of innovation by patents is of high importance. We highly welcome this agreement, as it constitutes a mutually very satisfactory solution over litigation and appreciates the solution-oriented approach of all parties involved in the deal,” said Dr. Rudolf Freytag, Head of Licensing and Technology Acceleration.
This license with Xiaomi is a recognition of Orange’s strong innovations, fostering an efficient digital transformation thanks to the contribution to open standards leading to the wide adoption of global key technologies to the benefit of consumers. ‘’We had the pleasure to cooperate with Siemens, IP Bridge, and Novus as a facilitator, delivering a fruitful result,” said Lyse Brillouet, Vice President of Intellectual Property and Licensing at Orange.
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