ITC rejects patent complaints of InterDigital as ZTE’s intellectual property assets afford strong safeguard
ME NewsWire/Business Wire
SHENZHEN, China - Tuesday, August 19th 2014
ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, welcomes the final determination of the United States International Trade Commission to reject the patent complaints of InterDigital Inc.
InterDigital’s case alleging violations of Section 337 of the Tariff Act of 1930 was terminated by the ITC, which upheld an initial determination made in June. In December 2013, the ITC issued its final determination in favor of ZTE in an earlier complaint filed by InterDigital. During the past year, the ITC also ruled in favor of ZTE in Section 337 cases initiated by Technology Properties Limited LLC and FlashPoint Technology Inc.
“We are pleased by the decision reached by the ITC,” said Guo Xiaoming, Chief Legal Officer of ZTE. “As a globally-leading technology innovator, ZTE respects the intellectual property of other companies, and we are committed to working with all stakeholders to resolve any IPR disputes amicably and rationally.”
ZTE’s strategic planning and industry-leading pool of intellectual property assets provide a strong safeguard to help the company prevail in patent disputes internationally.
ZTE has filed applications for more than 53,000 patents globally, with more than 17,000 granted as of mid-2014. ZTE’s spending on research and development exceeded RMB 40 billion in the past five years. Such investments will be key to enhance ZTE’s competitiveness and intellectual property capabilities to help the company cope with changes in the technology landscape and market environment.
ZTE has completed dozens of global intellectual property licensing agreements with holders including Ericsson, Siemens, Dolby Laboratories, Qualcomm, and Microsoft. ZTE retained its global top-2 position in patent applications in the World Intellectual Property Organization’s annual rankings published this year, after being the top-ranked company in each of the previous two years.
ZTE is a publicly-listed global provider of telecommunications equipment and network solutions with the most comprehensive product range covering virtually every telecommunications sector, including wireless, access & bearer, VAS, terminals and professional services. The company delivers innovative, custom-made products and services to over 500 operators in more than 160 countries, helping them to meet the changing needs of their customers while growing revenue. ZTE commits 10 per cent of its annual revenue to research and development and has leadership roles in several international bodies devoted to developing telecommunications industry standards. ZTE is committed to corporate social responsibility and is a member of the UN Global Compact. The company is China’s only listed telecom manufacturer that is publicly traded on both the Hong Kong and Shenzhen Stock Exchanges (H share stock code: 0763.HK / A share stock code: 000063.SZ). For more information, please visit www.zte.com.cn.
Margrete Ma, +86 755 26775207
Mark Lee, +852 2837 4756
Andres Vejarano, +852 2837 4735