BlackBerry and Timex Group Enter Patent License Agreement

 

 

 

BlackBerry today has announced a licensed patent agreement with Timex Group. The deal includes on-going royalty payments from Timex to BlackBerry.  There is really not much details in the press release for this announcement but it might mean we could be seeing some kind of Android wear or smartwatch with BlackBerry Android OS. BlackBerry has stated they are looking into putting their Android OS on other manufactures devices and this could be one of them.  We have reach out to BlackBerry for a comment but as the press release states a lot of the agreement is confidential.

 

“This license agreement with Timex demonstrates the strength of BlackBerry’s patent portfolio, and will enable us to focus on further patent licensing opportunities in the mobile communications market,” said Jerald Gnuschke, senior director of Intellectual Property Licensing, BlackBerry.

 

 

BlackBerry and Timex Group Enter Patent License Agreement

Sep 13, 2017

WATERLOO, ONTARIO and MIDDLEBURY, CONNECTICUT–(Sept. 13, 2017) – BlackBerry Limited (NASDAQ:BBRY)(TSX:BB) and Timex Group announced today they have entered into a patent license agreement. The financial structure of the deal includes on-going royalty payments from Timex to BlackBerry. Additional terms of the agreement are confidential.

“This license agreement with Timex demonstrates the strength of BlackBerry’s patent portfolio, and will enable us to focus on further patent licensing opportunities in the mobile communications market,” said Jerald Gnuschke, senior director of Intellectual Property Licensing, BlackBerry.

BlackBerry’s portfolio consists of approximately 40,000 worldwide patents and applications covering a wide array of technologies including wireless communications, networking infrastructure, acoustics, messaging, enterprise software, operating systems, virtualization and cybersecurity.

About BlackBerry

BlackBerry is a mobile-native security software and services company dedicated to securing the enterprise of things. Based in Waterloo, Ontario, the company was founded in 1984 and operates in North America, Europe, Asia, Middle East, Latin America and Africa. The Company trades under the ticker symbols “BB” on the Toronto Stock Exchange and “BBRY” on the NASDAQ. For more information, visit www.BlackBerry.com.

About Timex Group

Timex Group designs, manufactures and markets innovative timepieces around the world. Founded in 1854, Timex Group is a privately held company headquartered in Middlebury, Connecticut with multiple operating units and over 3,000 employees worldwide. As one of the largest watchmakers in the world, Timex Group companies produce watches under a number of well-known brands, including Timex, Guess, GC, Versace, Versus, Salvatore Ferragamo, and Nautica. Launched in 1950, Timex sells millions of watches each year worldwide. www.timexgroup.com

BlackBerry and related trademarks, names and logos are the property of BlackBerry Limited and are registered and/or used in the U.S. and countries around the world. All other marks are the property of their respective owners. BlackBerry is not responsible for any third-party products or services.

 

The following two tabs change content below.

Brad

Editor in Chief at BerryReporter
Brad is the Editior-in-Chief for berryreporter.com and he is a BlackBerry abuser. He loves to share his news and knowledge in the BlackBerry world through his post and his Podcast "The Berry Report". When he is not using a BlackBerry device he likes to play video games, watch movies ,tv shows, sports, or exploring other mobile platforms. Feel free to follow him on twitter @BlackBerryBrad or Add him to BBM Pin:BBBrad

Leave a Comment