Nokia Licenses Trimble
"Location-based devices and services are receiving mass market acceptance, offering a range of benefits to both consumer and commercial users," said Steven W. Berglund, president and CEO of Trimble. "We are very pleased to be working with Nokia to incorporate our intellectual property into the most common consumer electronic device - the mobile phone. This agreement validates Trimble's GNSS patent portfolio and offers us further opportunities to extend our presence in the mobile communications markets we currently serve."
"We strongly believe that location-based capabilities and services will be an important element of future mobile communications devices," said Kai Öistämö, executive vice president and general manager of Mobile Phones, Nokia. "By licensing the world's largest GNSS patent portfolio involving innovative location solutions, Nokia will be able to offer our customers - consumers and operators alike - an even more compelling mobile experience. Also, by licensing our solutions and these patents to other players, we believe this deal with Trimble will benefit the entire wireless industry by accelerating the adoption of location technologies. From Nokia's perspective, the sublicensing rights under Trimble's industry leading location patent portfolio will nicely augment our industry leading WCDMA/UMTS and GSM patent portfolios."
Nokia Corp. (NYSE: NOK)
Trimble (Nasdaq: TRMB)