KUDELSKI GROUP AND GOOGLE ENTER INTO PATENT CROSS LICENSE AGREEMENT

"The Kudelski Group is focused on developing and licensing technology and intellectual property to the video market and we are pleased to license our patent portfolio to Google while also gaining access to Google patents," said Joe Chernesky, Senior Vice President of Intellectual Property and Innovation at the Kudelski Group. "Operating companies benefit when they respect each other's intellectual property rights and cross license their patents in a reasonable and collaborative manner. This agreement further validates the significant investment both companies have made and will continue to make in innovation to the benefit of consumers worldwide."

"We are pleased to enter into this agreement, which will allow us to continue to focus on building great products," said Allen Lo, Google's Deputy General Counsel for Patents. "Google has a portfolio of more than 55,000 patents and applications worldwide and is actively cross-licensing its patents in support of Google's product ecosystem."

While the specific terms remain confidential, this agreement provides the companies a patent license for their respective businesses, subject to certain limitations. Google will make a one-time payment to The Kudelski Group. With 4,500 patents and patent applications and over 60 years of experience in pioneering innovative technologies, the Kudelski Group offers a comprehensive intellectual property licensing program that provides its customers and partners with access to many fundamental technologies, enabling them to build compelling devices, applications and services that work seamlessly together.