Nokia and Xiaomi sign business cooperation and patent agreements
(Thomson Reuters ONE) -
Press Release
July 5, 2017
Espoo, Finland & Beijing, China - Nokia and Xiaomi announced that they have
signed a business collaboration agreement and a multi-year patent agreement,
including a cross license to each company's cellular standard essential patents.
Xiaomi also acquired patent assets from Nokia as part of the transaction.
"Xiaomi is one of the world's leading smartphone manufacturers and we are
delighted to have reached an agreement with them," said Rajeev Suri, President &
CEO of Nokia. "In addition to welcoming such a prominent global technology
company to our family of patent licensees, we look forward to working together
on a wide range of strategic projects."
Under the business cooperation agreement, Nokia will provide network
infrastructure equipment designed to deliver the high capacity, low power
requirements expected by large web providers and datacenter operators. Nokia and
Xiaomi will work together on optical transport solutions for datacenter
interconnect, IP Routing based on Nokia's newly announced FP4 network processor,
and a data center fabric solution. In addition, the companies have agreed to
explore opportunities for further cooperation, in areas such as Internet of
Things, augmented and virtual reality, and artificial intelligence.
With presence in over 30 countries and regions, Xiaomi is well known for its
smartphones packed with innovative technologies at disruptive prices. Beyond
smartphones, Xiaomi is also a leading Internet of Things player. The Mi
Ecosystem IoT platform has crossed 60 million connected devices, and there are
now over 8 million daily active connected devices on the Mi Ecosystem platform.
"As a company seeking to deliver more exciting technological innovations to the
world, we are excited at the opportunity to work more closely with Nokia in
future," said Lei Jun, chairman and CEO of Xiaomi. "Xiaomi is committed to
building sustainable, long-term partnerships with global technology leaders. Our
collaboration with Nokia will enable us to tap on its leadership in building
large, high performance networks and formidable strength in software and
services, as we seek to create even more remarkable products and services that
deliver the best user experience to our Mi fans worldwide."
About Nokia
We create the technology to connect the world. Powered by the research and
innovation of Nokia Bell Labs, we serve communications service providers,
governments, large enterprises and consumers, with the industry's most complete,
end-to-end portfolio of products, services and licensing.
From the enabling infrastructure for 5G and the Internet of Things, to emerging
applications in virtual reality and digital health, we are shaping the future of
technology to transform the human experience. nokia.com
About Xiaomi
Xiaomi was founded in 2010 by serial entrepreneur Lei Jun based on the vision
"innovation for everyone". We believe that high-quality products built with
cutting-edge technology should be made accessible to everyone. We create
remarkable hardware, software, and Internet services for and with the help of
our Mi fans. We incorporate their feedback into our product range, which
currently includes Mi and Redmi smartphones, Mi TVs and set-top boxes, Mi
routers, and Mi Ecosystem products including smart home products, wearables and
other accessories. With presence in over 30 countries and regions, Xiaomi is
expanding its footprint across the world to become a global brand.
Media Inquiries
Nokia
Communications
Phone: +358 10 448 4900
Email: press.services(at)nokia.com
Xiaomi
Kaylene Hong, Communications Manager
Email: khong(at)xiaomi.com
FORWARD-LOOKING STATEMENTS
It should be noted that Nokia and its businesses are exposed to various risks
and uncertainties and certain statements herein that are not historical facts
are forward-looking statements, including, without limitation, those regarding:
A) our ability to integrate Alcatel Lucent into our operations and achieve the
targeted business plans and benefits, including targeted synergies in relation
to the acquisition of Alcatel Lucent; B) expectations, plans or benefits related
to our strategies and growth management; C) expectations, plans or benefits
related to future performance of our businesses; D) expectations and targets
regarding financial performance, results, operating expenses, taxes, currency
exchange rates, hedging, cost savings and competitiveness, as well as results of
operations including targeted synergies and those related to market share,
prices, net sales, income and margins; E) expectations, plans or benefits
related to any future collaboration or to the business collaboration agreement
and the patent license agreement between Nokia and Apple as well as between
Nokia and Xiaomi, including income to be received under any collaboration or
partnership or agreement; F) expectations and targets regarding collaboration
and partnering arrangements, joint ventures or the creation of joint ventures,
as well as our expected customer reach; and L) statements preceded by or
including "believe," "expect," "anticipate," "foresee," "sees," "target,"
"estimate," "designed," "aim," "plans," "intends," "focus," "continue,"
"project," "should," "will" or similar expressions. These statements are based
on management's best assumptions and beliefs in light of the information
currently available to it. Because they involve risks and uncertainties, actual
results may differ materially from the results that we currently expect.
Factors, including risks and uncertainties that could cause these differences
include, but are not limited to: 1) our ability to execute our strategy, sustain
or improve the operational and financial performance of our business and
correctly identify and successfully pursue business opportunities or growth; 2)
our ability to achieve the anticipated benefits, synergies, cost savings and
efficiencies of the acquisition of Alcatel Lucent, and our ability to implement
our organizational and operational structure efficiently; 3) general economic
and market conditions and other developments in the economies where we operate;
4) our dependence on the development of the industries in which we operate,
including the cyclicality and variability of the information technology and
telecommunications industries; 5) our global business and exposure to
regulatory, political or other developments in various countries or regions,
including emerging markets and the associated risks in relation to tax matters
and exchange controls, among others; 6) Nokia Technologies' ability to protect
its IPR and to maintain and establish new sources of patent licensing income and
IPR-related revenues, particularly in the smartphone market; 7) our ability to
successfully realize the expectations, plans or benefits related to any future
collaboration or to the business collaboration agreement and the patent license
agreement between Nokia and Apple as well as between Nokia and Xiaomi, including
income to be received under any collaboration or partnership or agreement; 8)
our dependence on IPR technologies, including those that we have developed and
those that are licensed to us, and the risk of associated IPR-related legal
claims, licensing costs and restrictions on use; 9) our exposure to direct and
indirect regulation, including economic or trade policies, and the reliability
of our governance, internal controls and compliance processes to prevent
regulatory penalties in our business or in our joint ventures, as well as the
risk factors specified on pages 67 to 85 of our 2016 annual report on Form 20-F
under "Operating and financial review and prospects-Risk factors" and in our
other filings with the U.S. Securities and Exchange Commission. Other unknown or
unpredictable factors or underlying assumptions subsequently proven to be
incorrect could cause actual results to differ materially from those in the
forward-looking statements. We do not undertake any obligation to publicly
update or revise forward-looking statements, whether as a result of new
information, future events or otherwise, except to the extent legally required.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: NOKIA via GlobeNewswire
Unternehmensinformation / Kurzprofil:
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Datum: 05.07.2017 - 07:00 Uhr
Sprache: Deutsch
News-ID 551039
Anzahl Zeichen: 9457
contact information:
Town:
Espoo
Kategorie:
Business News
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