logo
Plus   Neg
Share
Email

Cisco, Samsung In Patent Cross-License Deal

Cisco Systems, Inc. (CSCO) and South Korea's Samsung Electronics Co., Ltd. said Wednesday that they have entered into a patent cross-license agreement, effective immediately.

Both companies gain access to each other's industry-leading patent portfolios under the agreement, which covers a broad range of products and technologies. The mutually beneficial agreement covers the two companies' existing patents as well as those filed over the next 10 years.

This type of patent agreement reduces the risk of potential litigation and instead puts the focus on innovation for future products and services, the companies noted.

"Innovation is stifled all too often in today's overly-litigious environment," said Dan Lang, Cisco's Vice President of Intellectual Property. "By cross-licensing our patent portfolios, Cisco and Samsung are taking important steps to reverse the trend and advance innovation and freedom of operation."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Crate & Barrel plans to expand its full-service restaurants, called the Table at Crate, to up to 15 locations, according to a report by Fortune. The expansion plan reportedly comes following encouraging results from the home furnishing retailer's first restaurant, which opened in July in Illinois. The Table at Crate is a collaboration between Crate & Barrel and Cornerstone Restaurant Group. Walmart Inc. launched its first-ever car seat recycling event at nearly 4,000 stores across the country in partnership with waste management company TerraCycle. Customers who trade in used car seats at participating Walmart stores will receive a $30 Walmart gift card that can be used in store or online to buy items for their baby. Any brand of car seat is accepted through the program. Amazon Music launched a premium quality music service, Amazon Music HD, with more than 50 million songs in High Definition. The service also has millions of songs in Ultra High Definition. It is available for streaming in the U.S., U.K., Germany and Japan.
Follow RTT