Lenovo has purchased a group of several mobile technology patents from Japanese company NEC. Totaling 3,800 patents, the portfolio covers standards-essential 3G and LTE technologies, along with features found in most smartphones today. Lenovo states that this purchase will give the company the intellectual property they need as they continue to expand. Lenovo recently agreed to acquire Motorola from Google, though that deal does not include the patents that Motorola brought when they were purchased by Google in 2012.
Lenovo to buy mobile patents from NEC Corporation
RESEARCH TRIANGLE PARK, NC – April 4, 2014: Lenovo (HKSE: 992) (ADR: LNVGY) announced that it has purchased a portfolio of patents from NEC Corporation (Tokyo: 6701) (OTC US: NIPNF).
The portfolio consists of more than 3,800 patent families filed in numerous countries around the world. The portfolio includes standard essential patents for 3G and LTE mobile technologies as well as patents that cover a broad range of features and technologies used in many of today’s most advanced mobile products such as smartphones.
“A strong patent portfolio is a key element for success in the smartphone business. This investment strengthens Lenovo’s existing intellectual property portfolio,” said Ira Blumberg, vice president of Intellectual Property, Lenovo. “As Lenovo expands its mobile PC Plus business into new markets, this investment shows it is committed to having the IP we need for global success.”
Lenovo will continue to acquire additional intellectual property assets both through its own innovation and engineering, as well as from external sources to support its rapidly expanding PC Plus business that includes mobile devices such as smartphones and tablets.