Patent owners IP Bridge, Orange, Siemens, and Xiaomi, a world-leading consumer electronics and smart manufacturing company, announced today the resolution of long-standing disputes through an innovative patent licencing transaction that will allow the companies to efficiently licence patent rights across multiple technologies to Xiaomi. Novus IP, a business founded by Mr. Paul Lin, Xiaomi’s former “Head of IP Strategy,” served as a deal facilitator, assisting Xiaomi and the three licensors in successfully closing this licencing agreement.
“We continue to explore complementary licensing models to the traditional patent pool and bilateral models in order to avoid time consuming disputes and to focus on innovation.” said Ran Xu, General Manager of Global Business Development and IP Strategy, Xiaomi Group. “This unique transaction structure lets Xiaomi customers enjoy the benefits of inventions from 3 companies, efficiently.” Siemens is a leading technology company focusing on technology with purpose. “For us, protection of innovation by patents is of high importance. We highly welcome this agreement, as it constitutes a mutually very satisfactory solution over litigation and appreciate the solution oriented approach of all parties involved in the deal.” said Dr. Rudolf Freytag, Head of Licensing and Technology Acceleration.
This agreement with Xiaomi recognises Orange’s significant inventions, which support an efficient digital transformation through contributions to open standards, resulting in the widespread use of worldwide essential technologies to the advantage of customers. “We had the pleasure of working with Siemens, IP Bridge, and Novus as a facilitator, resulting in a beneficial solution,” stated Lyse Brillouet, Orange’s Vice President of Intellectual Property and Licensing.
IP Bridge has been working to promote technical innovation and global collaboration. The granting of a patent licence to Xiaomi has become an essential track record of such collaboration. “Thanks to Novus, we were able to conclude this agreement with Xiaomi quickly. “We greatly appreciate Orange and Siemens’ earnest collaboration during the transaction,” stated Daisuke Honda, Managing Director, Head of License Business Department No. 1 at IP Bridge.