The Unwired Planet, an intellectual property firm has got the portfolio of patents and patent applications that has been sold by Ericsson, the Swedish telecoms giant. Back in the year 1996 when it was just starting, the firm affirmed to be the pioneer when it comes to the mobile internet and it is known to be as Openwave.
Just before May last year, it concentrated on mobile software when it sold a particular part of its business and replaced its brand to Unwired Planet. It is now targeting the intellectual property licensing, primarily to ensure its own constructive patent portfolio. In September last year, a struggle has arisen over Google and Apple for the suspicious violation of 10 patents each.
Ericsson will move 2,185 United States and international patents and patent applications to Unwired Planet after the patent licensing firm revealed. The collection of the patents is associated to LTE or 4G, 3G, and 2G technologies. The Unwired Planet made the conditions of the agreement and it is defined in an 8-K filing. The firm will pay Ericsson 20 percent of its profit of up to $100 million, 50 percent of its profit within $100 million and $500 million and lastly 70 percent of its profit beyond $500 million.
The partnership within Ericsson and the licensing firm started in the late 1990s, said by the CEO of Unwired Planet, Mike Mulica. He stated that their inventions have brought tremendous social value and this agreement with Ericsson manifest their obligation to secure and attaining value of their growth. He also added that they determine to influence a tough, multi-dimensional patent portfolio and advancing discussions with regards to key industry players who are concerned in licensing these kind of inventions to secure and additionally create their product scheme.
By maintaining patents for some technology companies, Unwired Planet is one of those companies that are seeking to switch on the attack in patent disturbances. Apple’s iPhone violates three of its patents as the MobileMedia Ideas, a patent licensing firm was victorious in the United States of Delaware in its claim last month. The firm maintains patents initially filed by Nokia, Sony and other companies.
REFERENCES:
http://www.computing.co.uk/ctg/news/2236179/ericsson-sells-over-2-000-patents-to-patent-troll
http://bgr.com/2013/01/11/ericsson-patent-sale-unwired-planet-289522/
http://news.yahoo.com/ericsson-sold-more-2-000-patents-patent-troll-013120394.html
http://tablet-news.com/2013/01/13/ericsson-sells-over-2000-patents-to-patent-troll-harassing-apple-google-and-rim/
http://bx.businessweek.com/patent-trolling/ericsson-sells-over-2000-patents-to-patent-troll—14-jan-2013——-computing-news/12943647728020873147-9a4638f60b6c779efe25d884b140b42b/
