Jenni Lukander, President of Nokia Technologies,
Jenni Lukander, President of Nokia Technologies, said: “We are delighted to have concluded a long-term patent license agreement with Apple on an amicable basis.
The agreement reflects the strength of Nokia’s patent portfolio, decades-long investments in R&D, and contributions to cellular standards and other technologies.”
Nokia expects to recognize the revenue related to this new patent license agreement starting in January 2024.
The agreement is consistent with the assumptions Nokia has disclosed in the commentary with respect to Nokia Technologies’ long-term outlook in its Financial Report for Q1 issued on April 20, 2023.
Nokia’s industry-leading patent portfolio is built on more than €140 billion invested in R&D since 2000 and is composed of around 20,000 patent families, including over 5,500 patent families declared essential to 5G.
Nokia contributes its inventions to open standards in return for the right to license them on fair, reasonable and non-discriminatory (FRAND) terms.
Companies can license and use these technologies without the need to make their own substantial investments in the standards, fueling innovation and the development of new products and services for consumers.
In another related development, TECNO Speaks to Media on Achievements, Expectations in 2023:
With the era of narratives flying around social media, it is quite important for brands to tell their stories and ensure the right narrative is placed out there. To this end, TECNO held a parley with the media to showcase how extraordinary the year 2023 has been.
The engagement with the media aimed to enlighten the media about TECNO’s trailblazing activities, groundbreaking innovations, and strategic partnerships that have now resulted in remarkable growth, keeping them abreast of the brand’s phenomenal journey.
The tone for an amazing engagement was set as the attendees were immersed in a visual spectacle, surrounded by the latest TECNO devices boasting cutting-edge technology.
Excitement filled the air as journalists, tech enthusiasts, and industry experts eagerly gathered, anticipating a glimpse into the TECNO revolution. Afterwards, all were brought to speed on TECNO’s journey to this point in the year in a mind-blowing presentation.
Attendees were transported into a world of innovation as TECNO’s marketing manager unveiled a series of awe-inspiring products that had been introduced to the market. It was indeed a marvel to behold as the designs, innovative technology and all that powered the new devices were revealed.
“Our commitment to pushing the boundaries of mobile technology has been the driving force behind TECNO’s remarkable achievements this year,” said Thompson Ani, Marketing Manager at TECNO. “We are ecstatic to share our success story and demonstrate how TECNO continues to reshape the industry.”
Throughout the parley, TECNO showcased their impressive lineup of strategic partnerships and collaborations. Attendees were introduced to groundbreaking initiatives like the new Magic Skin design that is powered by recycled materials which help to save our planet from the harmful effects of climate change.
Not forgetting the extraordinary PHANTOM V Fold, TECNO’s first foldable device which was an award winner at MWC 2023 and the victory at MUSE Awards for the amazing design of the CAMON 20 devices. These have propelled TECNO’s growth and amplified the brand’s reach.
The partnerships showcased TECNO’s dedication to providing customers with unparalleled experiences, all while nurturing valuable industry relationships. Not only has TECNO been transforming the mobile industry, but the brand has also remained deeply committed to social responsibility and sustainability.
During the event, TECNO unveiled their eco-friendly practices and initiatives, emphasizing their dedication to preserving the environment and making a positive impact on local communities.
This media parley was not just a celebration of the past but also a glimpse into an exciting future. The company revealed tantalizing insights into its upcoming products, and captivating marketing campaigns, leaving the audience yearning for more.
“TECNO’s journey is far from over. We are driven by the passion to create exceptional experiences for our customers and redefine the possibilities of mobile technology,” said Thompson Ani. “Stay tuned for more groundbreaking innovations that will change the way we live, connect, and explore.”
The media parley was a resounding success, leaving attendees inspired and eager to share TECNO’s story with the world. You too can be a part of this indispensable story of technological advancement and enjoy mind-boggling benefits from the brand that stops at nothing to bring the best for its customers.