STOCKHOLM, SWEDEN — (Marketwire) — 01/12/12 —
* Ericsson-s Chief Intellectual Property Officer, Kasim Alfalahi, will
report
directly to President and CEO Hans Vestberg
* Monetizing its entire patent portfolio and building on its technology
leadership and R&D investments, as stated at the Capital Markets Day on
November 9, 2011
* Any company using cellular connectivity needs a license to Ericsson-s
industry leading patent portfolio comprising 27,000 patents
Ericsson (NASDAQ: ERIC) has the industry-s strongest wireless IPR
portfolio,
comprising 27,000 granted patents that cover a wide range of technologies,
from
wireless access (2G, 3G and 4G) to WLAN and the whole Information and
Communications Technology (ICT) value chain. As wireless access is now
being
added in new types of devices, Ericsson is reorganizing its Licensing and
Patent
Development department with the focus on further monetizing its IPR assets.
Hans Vestberg, President and CEO of Ericsson, says: “The ICT industry is
built
on standardized and shared technologies, making it possible to create a
global
mass market for mobile telephony and mobile broadband. Today-s 6 billion
mobile
phone subscriptions, and close to 1 billion mobile broadband subscriptions,
would not be possible without this industry mentality.
“As we are entering the Networked Society, we will see built-in wireless
access
beyond traditional devices like phones, laptops and tablets, providing new
services to the consumers. This provides an interesting business
opportunity for
us, having this industry-s strongest patent portfolio, as any company or
manufacturer that wants to get in there will need an agreement with
Ericsson.”
Ericsson-s Chief Intellectual Property Officer, Kasim Alfalahi, who
currently
reports to Ericsson-s CTO within Group Function Technology and Portfolio
Management, will report directly to President and CEO Hans Vestberg. The
reorganization is effective immediately.
Kasim Alfalahi says: “Ericsson complies with, and endorses, terms that are
fair,
reasonable and non-discriminatory for its patent licensing programs, which
make
standard-essential patents widely available. This makes Ericsson the
partner of
choice for new entrants to the market, as well as established companies
seeking
to license technology at fair and commercially viable rates.”
Ericsson is today a net receiver of royalties and has signed more than 90
license agreements. With new devices and other industries entering the
world of
connectivity, Ericsson targets to grow its IPR revenues above the SEK 4.6
billion net revenue generated in 2010, as stated at the company-s Capital
Markets Day on November 9, 2011.
Notes to editors:
Essential patents and LTE:
Our multimedia content is available at the broadcast room:
(Picture of Kasim Alfalahi and press release as PDF as attachements)
Ericsson is the world-s leading provider of technology and services to
telecom
operators. Ericsson is the leader in 2G, 3G and 4G mobile technologies, and
provides support for networks with over 2 billion subscribers and has the
leading position in managed services. The company-s portfolio comprises
mobile
and fixed network infrastructure, telecom services, software, broadband and
multimedia solutions for operators, enterprises and the media industry. The
Sony
Ericsson and ST-Ericsson joint ventures provide consumers with feature-rich
personal mobile devices.
Ericsson is advancing its vision of being the “prime driver in an all-
communicating world” through innovation, technology, and sustainable
business
solutions. Working in 180 countries, more than 90,000 employees generated
revenue of SEK 203.3 billion (USD 28.2 billion) in 2010. Founded in 1876
with
the headquarters in Stockholm, Sweden, Ericsson is listed on NASDAQ OMX,
Stockholm and NASDAQ New York.
Press release as PDF:
Picture of Kasim Alfalahi:
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ericsson via Thomson Reuters ONE
[HUG#1576822]
FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
E-mail:
Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail:
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