BlackBerry settles patent dispute with smartphone maker Blu Products
Posted Oct 12, 2017 11:05:03 AM.
Last Updated Oct 12, 2017 11:40:24 AM.
This article is more than 5 years old.
WATERLOO, Ont. – BlackBerry Ltd. (TSX:BB) has reached a settlement in a patent dispute with smartphone maker Blu Products.
The two companies say they have signed a patent license agreement and ended their legal fight.
Under the deal, Blu will make on-going payments to BlackBerry.
Additional terms of the agreement were confidential, the companies said.
BlackBerry holds a portfolio of approximately 40,000 patents and applications covering a wide array of technologies.
The company says the deal will allow it to focus on further licensing opportunities in the mobile communications market.