LG Electronics Inc. and Google Inc. have entered into a long-term patent cross-licensing agreement covering a broad range of products and technologies. (image: LG Electronics)
SEOUL and MOUNTAIN VIEW, Calif., Nov. 5 (Korea Bizwire) ― LG Electronics Inc. (LG) and Google Inc. have entered into a long-term patent cross-licensing agreement covering a broad range of products and technologies. The agreement covers the two companies’ existing patents as well as those filed over the next 10 years.
“We’re pleased to enter into this agreement with a leading global technology company like LG,” said Allen Lo, deputy general counsel for patents at Google. “By working together on cross-licenses like this, companies can focus on bringing great products and services to consumers around the world.”
This agreement builds on the long-standing strong alliance between Google and LG Electronics, the companies said.
“LG values its relationship with Google, and this agreement underscores both companies’ commitment to developing new products and technologies that enhance consumers’ lives,” said J.H. Lee, executive vice president and head of the LG Electronics Intellectual Property Center.
About LG Electronics, Inc.
LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, mobile communications and home appliances, employing 82,000 people working in 119 locations around the world. With 2013 global sales of USD 53.10 billion (KRW 58.14 trillion), LG comprises five business units ― Home Entertainment, Mobile Communications, Home Appliances, Air Conditioning & Energy Solutions and Vehicle Components ― and is one of the world’s leading producers of flat panel TVs, mobile devices, air conditioners, washing machines and refrigerators. LG Electronics is a 2014 ENERGY STAR? Partner of the Year. For more LG news and information, please visit www.LGnewsroom.com.
About Google Inc.
Google is a global technology leader focused on improving the ways people connect with information. Google’s innovations in web search and advertising have made its website a top Internet property and its brand one of the most recognized in the world. Google’s patent portfolio of more than 50,000 patent assets is ranked as one of the top patent portfolios in the high-tech industry.
Source: LG Electronics
