ZTE : and vivo sign Global Patent Cross-License Agreement
March 05, 2024 at 05:34 am EST
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ZTE and vivo sign Global Patent Cross-License Agreement
Release Time：2024-03-05
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The agreement signifies the mutual recognition of the standard contributions in ICT industry
The cooperation exemplifies the determination and capability of Chinese domestic innovative companies to pursue win-win solutions
ZTE has currently filed over 89,500 global patent applications
Shenzhen, China, 5 March 2024 - ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of information and communication technology solutions, has signed a Global Patent Cross-License Agreement with vivo, marking the initiation of a strategic cooperation between the two parties in the realm of patents.
Mi Yao, Head of the Intellectual Property Department at ZTE, said: "The strategic cooperation between ZTE and vivo underscores a shared commitment to respecting intellectual property rights. The cross-licensing agreement between the two parties not only signifies the mutual recognition of the standard contributions in ICT industry, but also exemplifies the determination and capability of Chinese domestic innovative companies to pursue win-win solutions."
ZTE has consistently prioritized technological innovation as the primary driving force for enterprise development, steadfastly adhering to the principle of "taking root down." In the first three quarters of 2023, the company dedicated a substantial RMB 19.06 billion to research and development, constituting 21.3% of its operating revenue, and has currently filed over 89,500 global patent applications.
ZTE remains committed to leveraging its robust research and development framework and innovative prowess. The company is dedicated to constructing a sustainable intellectual property strategy, capitalizing on a formidable foundation of high-value patent.
ABOUT ZTE:
ZTE helps to connect the world with continuous innovation for a better future. The company provides innovative technologies and integrated solutions, and its portfolio spans all series of wireless, wireline, devices and professional telecommunications services. Serving over a quarter of the global population, ZTE is dedicated to creating a digital and intelligent ecosystem, and enabling connectivity and trust everywhere. ZTE is listed on both the Hong Kong and Shenzhen Stock Exchanges. www.zte.com.cn/global
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ZTE Corporation published this content on
04 March 2024 and is solely responsible for the information contained therein. Distributed by
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05 March 2024 10:34:07 UTC.
ZTE Corporation specializes in the design, manufacturing and marketing of telecommunications equipment and solutions. Net sales break down by market as follows:
- wired and mobile network operators (73%): sales of network systems and equipment (routers, switches, modems, servers, WLAN products, Ethernet gateways, broadband access systems, optical products, etc.);
- individuals (15.9%): manufacturing and sales of mobile devices (smartphones, phones, tablets, mobile video game terminals, smart projectors, cameras, very high speed mobile modems, etc.);
- enterprises and government organizations (11.1%): design and development of computerization solutions, interconnection and data transmission systems, data center solutions, video surveillance systems, videoconferencing equipment, network products, cloud computing architectures, etc.
Net sales are distributed geographically as follows: China (67.1%), Asia (14.5%), Europe-Americas-Oceania (13.6%) and Africa (4.8%).
ZTE CORPORATION 
