Press Release
HTC and Intellectual Ventures Announce Licensing Agreement and Strategic Alliance
November 23, 2010 BELLEVUE, Wash. And TAOYUAN, Taiwan
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- HTC and Intellectual Ventures Announce L...
HTC Corporation and Intellectual Ventures (IV) today announced they have entered into a long-term licensing agreement and strategic alliance. With the agreement, HTC is receiving rights under IV’s patent portfolio, and will have access to IV’s vast portfolio of more than 30,000 IP assets to defend itself and its subsidiaries from potential litigation.
HTC and IV are both advocates of intellectual property protection, and the alliance provides HTC with access to IV’s entire IP portfolio and contributes to HTC’s ability to reduce its risk of litigation.
“HTC is one of the fastest growing companies in the mobile phone industry, and it understands the value of actively protecting its invention rights,” said Peter Detkin, founder and vice chairman, Intellectual Ventures. “Given HTC’s innovativeness in developing some of the industry’s first smartphones and its continued development of some of the world’s most advanced products, HTC is forward-thinking with its IP practices and is working with IV to mitigate its IP risk.”
