PRZOOM - /newswire/ -
San Diego, CA, United States, 2016/04/06 - Qualcomm Incorporated announced that it has entered into a new 3G and 4G Chinese Patent License Agreement with Zhuhai Ewpe Information Technology, Inc. (EWPE), a subsidiary of Gree Electric Appliances, Inc. - Gree.com.cn / Qualcomm.com. NASDAQ: QCOM
Under the terms of the agreement, Qualcomm has granted EWPE a royalty-bearing patent license to develop, manufacture and sell 3G WCDMA and CDMA2000 (including EV-DO) and 4G LTE (including “3-mode” GSM, TD-SCDMA and LTE-TDD) subscriber units for use in China. The royalties payable by EWPE are consistent with the terms of the rectification plan submitted by Qualcomm to China’s National Development and Reform Commission.
“We are pleased to enter into this license agreement with Qualcomm, which again demonstrates our recognition and protection of IP,” said Dong Mingzhu, chairman and president of Zhuhai Gree Electric Appliances Inc. “We look forward to bringing new choices in 3G/4G devices for Chinese consumers. This license from Qualcomm will support us in bringing new and exciting devices that have the power, functionality and connectivity in demand today.”
“Qualcomm is pleased to help drive value for OEMs through the licensing of our advanced technologies,” said Derek Aberle, president of Qualcomm Incorporated. “We are looking forward to seeing EWPE enter the mobile device market and bring a competitive line of GREE devices to consumers.”
EWPE is a subsidiary of Gree Electric Appliances, Inc. Gree Electric Appliances, Inc. of Zhuhai (gree.com.cn) was founded in 1991. It is an international electrical appliances enterprise which has integrated R&D, manufacturing, marketing and service. It has developed three brands, namely GREE, TOSOT and KINGHOME, with a wide product range, including residential air conditioners, central air conditioners, air source water heaters, mobile phones, home appliances, refrigerators and other products. Its self-owned brand business reaches more than 160 countries and regions, with more than 300 million users all across the world. In 2015, Gree ranked No. 385 in Forbes Global 2000 and No. 1 in household appliances industry section.
Qualcomm Incorporated (qualcomm.com) is a world leader in 3G, 4G and next-generation wireless technologies. Qualcomm Incorporated includes Qualcomm’s licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm’s engineering, research and development functions, and substantially all of its products and services businesses, including its semiconductor business, QCT. For more than 30 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other.