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Qualcomm and Meizu Sign 3G/4G Global Patent License AgreementSAN DIEGO and ZHUHAI, China, Dec. 30, 2016 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) and Meizu Technology Co., Ltd. announced today that, based on equal and fair negotiation, they have reached a patent license agreement whereby Qualcomm grants Meizu a worldwide royalty-bearing patent license to develop, manufacture and sell CDMA2000, WCDMA and 4G LTE (including "3-mode" GSM, TD-SCDMA and LTE-TDD) complete devices. The royalties payable by Meizu in China are consistent with the terms of the rectification plan submitted by Qualcomm to China's National Development and Reform Commission (NDRC). This agreement resolves all of the patent disputes between Qualcomm and Meizu in China, Germany, France, and the United States. Qualcomm and Meizu have agreed to take appropriate steps to terminate or withdraw the patent infringement litigations and respective invalidity proceedings or other related litigations. "Meizu has offered exciting and innovative products for its fans in the last thirteen years," said Mr. Bai, Yongxiang, President, Meizu. "Today, we are focusing on our vision with better clarity, and striving to become the top designer brand for high tech products. For this goal, we are determined to remove all obstacles, focus on products and focus on the future. It was a nice coincidence we are able to at this juncture push forward with the equal and fair negotiation with Qualcomm. We are confident this cooperation with Qualcomm will add tremendous value to our user, channls, shareholders and employees." "Qualcomm is pleased to sign this license agreement with Meizu and to help enhance Meizu's product line and generate strong growth for the company, both in China and globally," said Alex Rogers, executive vice president and president, Qualcomm Technology Licensing. "Qualcomm's standardized technologies are enabling companies to build new products and services across the wireless ecosystem and are transforming people's lives." About Meizu About Qualcomm To learn more, visit Qualcomm's website, blog, Twitter and Facebook pages. Qualcomm Contacts: John Sinnott, Investor Relations
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/qualcomm-and-meizu-sign-3g4g-global-patent-license-agreement-300384151.html SOURCE Qualcomm Incorporated |