As the South Korean firm LG Electronics tries to expand its smartphone business, it reportedly signed a long-term cross-licence deal with Google. Samsung, LG’s home rival and the world’s top smartphone maker, earlier struck a similar deal with Google in January.
The contract includes copyrights of a wide range of technologies and products. It is one of the biggest patent agreements of the year between the two tech companies. The search giant out of Mountain View, California and the South Korean Electronics company will be sharing each others current patents with one another as well as those that come out of the following ten years.
Allen Lo, deputy general counsel for patents at Google, said, “by working together on cross-licenses like this, companies can focus on bringing great products and services to consumers around the world.”
In a follow up statement, Lo mentions that creating such a cross-licensing deal will allow both companies to focus on bringing great products and services to people around the globe, and that sounds like nothing short of the most honest truth we’ve ever come across. Google and LG already have a great working relationship, at least it would appear, as LG has been behind two of the past generation Nexus devices with the Nexus 4 and last year’s Nexus 5.
It is predicted that both Google and LG want to lay groundwork for having a stronger foothold in the world of Android. Google may be looking to keep LG on a short leash when it comes to the way they want their OS to appear on devices, while LG may find that a cross-licensing deal could help them continue to excel as one of the leading Android OEMs.
Executive Vice President and Head of LG Electronics’ Intellectual Property Center JH Lee joined Google in praising the partnership, saying it would build on a long-standing alliance between the two companies.
“LG values its relationship with Google, and this agreement underscores both companies’ commitment to developing new products and technologies that enhance consumers’ lives,” he said.
This latest deal is a significant win for LG, not just in terms of strengthening ties with the company behind its mobile OS, but also as a sign of strength in the ever-present market battle with its Korean compatriot.