BlackBerry and BLU Products Agree to Patent License Agreement

10:46 10/12/2017

The mobile service company BBRY  and Florida-based BLUE Products entered into a patent license agreement. This ends the patent dispute between the two companies that dates to over ten months of litigation and disagreements.

Back in 2016, BBRY  filed multiple lawsuits against BLU for not paying the mobile service company the right amount of cash for a previous-agreed patent deal. This new agreement will settle all previous litigation between the companies and end all pending actions in the United States.

BLU Products agreed to continue to pay BlackBerry in on-going payment methods. Other financial terms of the agreement are confidential.

The settlement will permit Blackberry to focus on additional licensing opportunities in the mobile communications market.

BBRY  folder contains about 40,000 worldwide patents and applications including a wide array of technologies. These technologies include wireless communications, networking infrastructure, acoustics, messaging, enterprise software, operating systems, virtualization and cybersecurity.

BlackBerry also has been concentrating internal goals within to focus primarily on software sales and licensing after the company lost popularity due to the upcoming Apple products about ten years ago.

Senior director of Intellectual Property Licensing for BBRY , Jerald Gnuschke said, “We are very pleased to have reached this patent license agreement with BLU Products. The consummation of this agreement enables us to focus on further licensing opportunities in the mobile communications market.”

This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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