Android Maker Google and Android giant Samsung, today announced that they have signed 10 year Global Patent license deal. The deal covers broad range of Technological and Business areas of both companies. The financial details of deal are yet unknown.
The deal covers all the current patents held by the Two Giants and patents filled over next 10 years will also be covered under this deal. By working jointly, this deal will be beneficial to both the companies. Both the companies will become powerful in terms of Patents and both can each others Technology. We may see great devices to be launched jointly in future.
Samsung in a statement said:
“Samsung Electronics Co., Ltd. and Google Inc. today furthered their long-term cooperative partnership with a global patent cross-license agreement covering a broad range of technologies and business areas. The mutually beneficial agreement covers the two companies’ existing patents as well as those filed over the next 10 years.
“We’re pleased to enter into a cross-license with our partner Samsung,” said Allen Lo, Deputy General Counsel for Patents at Google. “By working together on agreements like this, companies can reduce the potential for litigation and focus instead on innovation.”
With this agreement, Samsung and Google gain access to each other’s industry-leading patent portfolios, paving the way for deeper collaboration on research and development of current and future products and technologies.
“This agreement with Google is highly significant for the technology industry,” said Dr. Seungho Ahn, the Head of Samsung’s Intellectual Property Center. “Samsung and Google are showing the rest of the industry that there is more to gain from cooperating than engaging in unnecessary patent disputes.”
Google also confirms the deal, It said in a statement given to techcrunch:
“We’re pleased to enter into a cross-license with our partner Samsung,” said Allen Lo, Deputy General Counsel for Patents at Google, said in the statement. “By working together on agreements like this, companies can reduce the potential for litigation and focus instead on innovation.”
The deal came in light when Samsung is preparing its own Android killer Tizen OS, which Samsung will show off during MWC. Lets see how two comapanies utilize this deal and how it will be benefit for customers.
What think about this Deal? let us know in comments.