BlackBerry Enters Patent License Agreement with Timex Group

BlackBerry Enters Patent License Agreement with Timex Group. With this agreement we can expect that soon BlackBerry will lead to smartwatches. The agreement includes on-going royalty payments from Timex to BlackBerry. However, both companies have not revealed any other information regarding this agreement.

BlackBerry Enters Patent License Agreement with Timex Group

“This license agreement with Timex demonstrates the strength of BlackBerry’s patent portfolio, and will enable us to focus on further patent licensing opportunities in the mobile communications market,”

said Jerald Gnuschke, senior director of Intellectual Property Licensing, BlackBerry.

Also Read: BlackBerry to Announce its own Secure Android OS

BlackBerry has not leaked any information regrading what this agreement is about. But we will update you when we will get more information about it.

As last year, BlackBerry has ended all internal hardware development. Instead of the internal development, Blackberry will outsource hardware development to partners. Blackberry took this step because its hardware business has been losing money for some time. There was a 47% decrease in the revenue for the quarter.

Moreover, BlackBerry is now involved in 40,000 patents, which include “wireless communications, networking infrastructure, acoustics, messaging, enterprise software, operating systems, virtualization, and cybersecurity.”

See Also: No More Phones-Blackberry Officially Pulls Out from Phone Business