Further proving that patent infringement claims are incentive enough to drum up licensing deals, another Android device maker has signed at the dotted line to pay as much as Redmond. Following up on Monday’s licensing agreement with Itronix , Microsoft has just announced a treat Velocity Micro, Inc., which may have the outfit feeding the software giant’s coffers. Obviously, details are scarce here; in point of fact, all we actually know is Velocity Micro pays royalties with regard to its Android-based devices, including the Cruz Tablet . Looks as if those talks are paying off. Full PR after the break.
Agreement provides broad coverage of Microsoft’s patent portfolio.
REDMOND, Wash. – June 29, 2011 – Microsoft Corp. and Velocity Micro, Inc., have signed a patent agreement that offers broad coverage under Microsoft’s patent portfolio for Velocity Micro Inc. Android-based devices, including Velocity Micro, Inc.’s Cruz™ Tablet. Although the contents of the agreement haven’t been disclosed, the parties indicate that Microsoft will receive royalties from Velocity Micro, Inc., under the agreement.
“We’re pleased to have reached this agreement with Velocity Micro, Inc., to deal with and secure IP rights for its Android-based Cruz™ tablet devices,” said Horacio Gutierrez, corporate vp and deputy general counsel of Intellectual Property and Licensing at Microsoft.
Randy Copeland, CEO of Velocity Micro, Inc., said, “By going in this agreement with Microsoft, Velocity Micro, Inc., would be capable of better meet the purposes of our customers with the introduction of exciting new Cruz™ tablets having increased performance and functionality.”
Microsoft’s Commitment to Licensing Intellectual Property
The patent agreement is another example of the $64000 role intellectual property (IP) plays in ensuring a healthy and colourful IT ecosystem. Since Microsoft launched its IP licensing program in December 2003, the corporate has entered into greater than 700 licensing agreements and continues to develop programs that be sure that customers, partners and competitors to access its IP portfolio. This system was developed to open access to Microsoft’s significant R&D investments and its growing, broad patent and IP portfolio.
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