OPPO and Ericsson has announced the newest partnership, where the two companies signed a multi-year global patent license agreement. The agreement covers patent licensing and collaboration on a number of business projects.
Head of OPPO Intellectual Property Department Adler Feng said that the agreement will lay a solid foundation for further cooperation between the two companies in the 5G era. “OPPO has always placed intellectual property rights as our top priority. We look forward to working with Ericsson to drive cutting-edge innovation in products and services,” Feng added.
Ericsson is one of the leading providers of Information and Communication Technology (ICT) in the world. Chief Intellectual Property Officer at Ericsson Gustav Brismark said, “This important deal confirms the value of our patent portfolio, and the stability of our entire licensing program. Ericsson has signed more than 100 patent license agreements to date, and we are delighted to sign a mutually beneficial agreement with OPPO, a global leader in the smart device field.”
Following a patent-first strategy, OPPO has dramatically increased its patent portfolio since 2014. As of January 2019, the company has filed more than 33,000 patent applications worldwide; it also owns more than 8,000 granted patents. The deal with Ericsson is the latest in a series of patent license agreements by the tech company with key telecommunication industry partners. Other companies that the brand has entered partnership with are Qualcomm, Dolby, and Nokia. OPPO will continue to work closely with leading industry partners to bring the best products and experiences to consumers globally.