SAN FRANCISCO–(BUSINESS WIRE)–Via Licensing Corporation today announced that Verizon Communications Inc. – one of the largest communications technology companies in the world – has joined an impressive pool of leading global companies participating in Via’s industry-leading LTE (Long Term Evolution) licensing program. Via’s patent pool provides a fair, transparent and cost-effective license to all essential LTE and LTE-Advanced patents from Via’s LTE licensors.
Verizon is well known for its wireless networks and advanced cellular technologies. The addition of Verizon to Via’s LTE licensing program further underscores the success of Via’s LTE Patent Pool and the value it brings to the wireless telecommunications market.
“Verizon is a trusted leader in the wireless space and has a very strong patent portfolio,” said Joe Siino, President of Via Licensing. “We are delighted that Verizon has joined our LTE pool, allowing us to include Verizon’s standard-essential LTE patents as part of our license offering.”
Products and services that use LTE technologies include smartphones, tablet and laptop computers, the Internet of Things (IoT), and automobiles. LTE technology is the next generation of wireless connectivity technologies that are being deployed worldwide.
Earlier in the week, Via Licensing announced that Lenovo, a global leader in consumer, commercial and enterprise technology, has entered into a multi-year agreement with Via Licensing, a leading world-wide intellectual property solutions provider, to participate in Via’s Long Term Evolution (LTE) Patent Pool. Lenovo joins as both a licensee and a licensor of the LTE Patent Pool, which offers licenses to the industry for use of patents essential to implementation of the LTE and LTE-Advanced standard.
“We welcome Lenovo into the large and growing family of licensees and licensors in our LTE pool,” Siino said. “By joining Via’s LTE Pool, Lenovo enjoys streamlined and cost-effective access to essential LTE and LTE-Advanced patents while also promoting a fair market for LTE-essential patents in China and throughout the world.”
“We are delighted to join Via in expanding its leadership role in LTE licensing, particularly since it has been able to recognize and flexibly address unique market circumstances applicable to China and other emerging markets,” said Ira Blumberg, Vice President, Intellectual Property, Lenovo. “Via’s fair, reasonable and transparent approach to global licensing was a key factor in our ability to reach agreement on terms that reflect the fair value of the LTE patented technologies used in mobile devices sold around the world.”
LTE technology is the next generation of wireless connectivity technologies being deployed worldwide. It is an essential part of Lenovo’s smartphones and tablets sold in more than 100 countries and enables consumers to enjoy faster data transmission and improved user experiences on their Lenovo devices.
About Via Licensing Corporation
Via Licensing Corporation is a wholly owned subsidiary of Dolby Laboratories, Inc., a company with more than 50 years of experience in innovation and technology licensing. Via is dedicated to the development and administration of licensing programs for mandated, de facto, and emerging standards on behalf of innovative technology companies in the audio, broadcast, wireless, and automotive markets. For more information about Via, please visit via-corp.com.