Patent licensing agreement signifies ZTE’s standard setting global leadership in 4G LTE technology
ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, announced today that it has signed a 4G patent licensing agreement with Spanish company Teltronic, part of the Sepura Group. The agreement is a further signifier of ZTE’s global leadership in the field of 4G LTE technology.
Under the terms of this royalty-bearing agreement, Teltronic will use ZTE patents to upgrade their mission critical communication infrastructure to support LTE functionality. Currently, Teltronic products are available in more than 50 countries and are being used in more than 300 projects, including transport, public safety, oil & gas, utilities, mining and industry sectors.
“ZTE is pleased to contribute to a healthy industry ecosystem with companies, sharing our innovation and bringing consumers everywhere greater access to superior 4G products and services.” said Guo Xiaoming, ZTE's General Counsel.
At present, ZTE holds 66,000 global patents and authorized more than 24,000 patents in 2015. More than 90% of ZTE’s patents relate to inventions. ZTE played a leading role in setting national and industry 4G standards. Today, ZTE holds 13% of the world’s 4G LTE basic patents.
ZTE will continue to invest in innovation, and allocated more of the company’s capital than ever before to research and development in 2015. Last year, 12% (12 billion RMB) of ZTE’s operating revenue was devoted to R&D, raising ZTE’s R&D budget to be the third largest in China and within the top 80 budgets for R&D among all worldwide listed companies.