In extra information following nowadays’s bulletins; BlackBerry and Cisco have signed a longer term patent pass-licensing settlement. Read the whole press unencumber under: June 23, 2015 07:30 ET BlackBerry and Cisco Sign Broad Patent Cross-Licensing Agreement WATERLOO, ONTARIO and SAN JOSE, CALIFORNIA–(Marketwired – June 23, 2015) – BLACKBERRY Limited (NASDAQ:BBRY)(TSX:BB) and Cisco (NASDAQ:CSCO) nowadays introduced that they have got entered into an extended-time period patent pass-licensing settlement masking their respective merchandise and applied sciences. As a part of the move-licensing settlement, BlackBerry will obtain a license price from Cisco. Specific phrases of the deal are exclusive. “Our settlement with Cisco underscores the worth firms position on BlackBerry’s extensive and foundational patent portfolio,” stated Dr. Mark Kokes, Vice President of Intellectual Property and Licensing, BlackBerry. “With the settlement in position, BlackBerry and Cisco can center of attention on innovation and persisted technical cooperation, permitting our firms extra freedom to create top merchandise and products and services for patrons with out the potential of patent disputes.” “Cross-licensing is a great way for generation firms to guarantee freedom of operation and lend a hand eliminate considerations approximately patent litigation,” stated Dan Lang, Vice President of Intellectual Property, Cisco. “This settlement acknowledges Cisco’s patent portfolio, one that may be incessantly rated some of the most powerful within the telecommunications and networking business. We look ahead to proceeding to innovate to satisfy the wishes of our respective consumers.” BlackBerry and Cisco have an extended historical past of technical cooperation and intend to additional collaborate beneath this settlement. Source: MarketWired
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