Patent owners IP Bridge, Orange, Siemens, and Xiaomi today announced an end to long-lasting disputes. Novus IP, a company owned by Mr. Paul Lin, the former “Head of IP Strategy” at Xiaomi, worked as a deal facilitator and helped Xiaomi and the three licensors successfully close this licensing transaction efficiently.
Xiaomi ends disputes over patents
“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. This unique transaction structure lets Xiaomi customers enjoy the benefits of inventions from 3 companies, efficiently.”
Ran Xu, Xiaomi Group General Manager of Global Business Development and IP Strategy.
“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 appreciates the solution-oriented approach of all parties involved in the deal,”
Dr. Rudolf Freytag, Siemens, Head of Licensing and Technology Acceleration.
This license with the Chinese company is a recognition of Orange’s strong innovations, fostering an efficient digital transformation.‘’We had the pleasure to cooperate with Siemens, IP Bridge, and Novus as a facilitator, delivering a fruitful result” said Lyse Brillouet, Vice President of Intellectual Property and Licensing at Orange.
On the other hand, IP Bridge has been focusing on promoting technological innovation and cooperation around the world. “Thanks to Novus, we could efficiently close this deal with the Chinese tech giant. We highly appreciate the sincere cooperation of Orange and Siemens throughout the deal” said Daisuke Honda, Managing Director, Head of License Business Department No. 1 at IP Bridge.
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