14 DAY TRIAL // Canadian company BlackBerry and Canon, one of the world's leaders in camera technology, have just announced that they have entered into a patent licensing agreement, which was reached in November 2015.
The specific terms of the deal will remain undisclosed, but this is not the first time BlackBerry and Canon team up, as the companies confirm in an official statement.
According to BlackBerry, the patent licensing agreement covers some of its power charging solutions that several of Canon's devices are using now.
Following the agreement between the two companies, Canon will be able to continue to use BlackBerry's power charging solutions in its upcoming products.
“Our agreement with Canon substantiates the value companies place on BlackBerry's innovative and foundational power charging patents for mobile and consumer electronic devices.”
”With the agreement in place, Canon can continue to incorporate convenient charging solutions in its exciting new products,” said Dr. Mark Kokes, Vice President of Intellectual Property and Licensing, BlackBerry.
No details on the amount paid have been disclosed
There are no numbers attached to the statement, so there's no telling how much money BlackBerry will gain from the deal, but any amount will put the company back on track.
The last couple of years have been terrible for BlackBerry, but things are looking brighter for the first time in months. The company's new CEO John Chen took some difficult decisions to keep the company from sinking, including the layoff of many BlackBerry employees.
Currently, BlackBerry seems to have bet everything on Android, as the company plans to launch at least one more devices powered by Google's platform this year.
But it's good to see that BlackBerry's patents can still be monetized and that's it's not only its mobile security services that contribute to the company's revenue.
Let's hope BlackBerry will continue to exist in some form in the coming years because the smartphone market needs competition.