IP Bridge Enters into New Patent License Agreement for IP Bridge’s Wireless Telecommunications Standard-Essential Patents
TOKYO, JAPAN, June 23, 2017 – – Godo Kaisha IP Bridge 1, a wholly-owned subsidiary of IP Bridge, Inc. (“IP Bridge”), announced today that on June 22, 2017 it entered into a patent license agreement with a multinational company under which IP Bridge granted such company a license under IP Bridge’s portfolio of wireless telecommunications standard-essential patents (including the GSM, W-CMDA and LTE wireless telecommunications standards). The agreement grants the licensee a worldwide license to practice the claimed inventions in connection with its products and services (including smartphones). Other terms of the agreement are confidential.
IP Bridge is the owner of more than 800 standard-essential patents covering technologies relating to the implementation of wireless telecommunication air interface standards, and is committed to licensing its standard-essential patents on FRAND terms.
【About IP Bridge】
At IP Bridge, our focus is on promoting technological innovation and cooperation within Japan and around the world. We’ve worked with our investors, including Innovation Network Corporation of Japan (a unique partnership between 26 major corporations and the Japanese government), to establish the first and largest fund in Japan (approximately $300M) aimed at global innovation and IP-related investments. Our mission is to activate and leverage high-quality, under-utilized intellectual property assets to the benefit of a variety of IP owners based in and outside Japan. Our vision is that these activities will stimulate economic development and a healthy growth of industries worldwide.
We’ve worked with leading technology companies, small and medium size enterprises (SMEs) and universities to build large, high quality portfolios consisting of over 3,500 worldwide patents and growing, including patents in the fields of wireless communications, semiconductors, video codecs, display technologies, automotive technologies, robotics, home appliances, electric devices, healthcare, environment and energy, food technologies, and medical engineering.
Our world class team includes experienced professionals from IP and corporate management of major technology companies, investment funds, financial institutions, and law firms. We have the global experience and relationships to provide comprehensive IP services, including IP-based business incubation, monetization, licensing and financing to generate revenue and fuel innovation and business expansion, syndicated transactions to remove potential IP risks to our clients, and IP consulting services to build IP strategies, maximize IP value, and best position our clients for success.