DENVER & BEIJING-Saturday 11 January 2020 [ AETOS Wire ]
(BUSINESS WIRE)--
World intellectual property licensing leader MPEG LA, LLC (“MPEG LA”)
and leading international supplier of smartphones and other smart
products Xiaomi today announced that Xiaomi has become a Licensee to
MPEG LA’s HEVC Patent Portfolio License (“HEVC License”).
MPEG
LA’s HEVC License enables worldwide access to essential patent rights
for the HEVC digital video coding standard (also known as H.265 and
MPEG-H Part 2) providing increased speed and efficiency in consumer
products that encode and decode video for Internet, television and
mobile transmission, reception and use.
“Xiaomi
joins some 350 Licensees to MPEG LA’s HEVC Patent Portfolio License,
further demonstrating the License’s wide acceptance as fair and
reasonable,” said Larry Horn, President and CEO of MPEG LA. “The
License’s affordable royalty rate and clear, nondiscriminatory terms are
the same across all markets worldwide in all products in which HEVC
technology is incorporated, and MPEG LA’s objective is to include as
many HEVC essential patents as possible for the same reasonable royalty
rate.”
“Significant
implementers of HEVC technology like Xiaomi receive offers to join
multiple HEVC patent pools. While Xiaomi believes the pool licensing
approach can be very efficient, multiple patent pools present
harmful royalty stacking issues to technology implementers. Therefore,
Xiaomi strongly encourages consolidation into one pool that offers a
fair and reasonable royalty for the whole HEVC standard,” said Paul Lin,
Vice President of IP Strategy and Global Business Development of
Xiaomi.
MPEG LA, LLC
MPEG
LA is the world’s leading provider of one-stop licenses for standards
and other technology platforms. Starting in the 1990s, it pioneered the
modern-day patent pool helping to produce the most widely used standards
in consumer electronics history and is expanding access to other
groundbreaking technologies. MPEG LA has operated licensing programs for
a variety of technologies consisting of more than 22,000 patents in 91
countries with some 250 patent holders and more than 6,000 licensees. By
assisting users with implementation of their technology choices, MPEG
LA offers licensing solutions that provide access to fundamental
intellectual property, freedom to operate, reduced litigation risk and
predictability in the business planning process. For more information,
go to www.mpegla.com.
Xiaomi
Xiaomi
Corporation was founded in April 2010 and listed on the Main Board of
the Hong Kong Stock Exchange on July 9, 2018 (1810.HK). Xiaomi is an
internet company with smartphones and smart hardware connected by an IoT
platform at its core.
With
the vision of being friends with its users and being the “coolest
company” in the hearts of its users, Xiaomi is committed to continuous
innovation, with an unwavering focus on quality and efficiency. The
company relentlessly builds amazing products with honest prices to let
everyone in the world enjoy a better life through innovative technology.
Xiaomi
is currently the world’s fourth-largest smartphone brand, and has
established the world’s leading consumer IoT platform, with more than
213 million smart devices connected to its platform, excluding
smartphones and laptops. Currently, Xiaomi products are present in more
than 90 countries and regions around the world and have a leading
foothold in many of them.
In
July 2019, the company made the Fortune Global 500 list for the first
time, ranking 468th among all, and 7th among internet companies. Xiaomi
is the youngest company on the 2019 Fortune Global 500 list.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200109005524/en/
Contacts
Tom O’Reilly
MPEG LA, LLC
Tel: 303.200.1710
toreilly@mpegla.com