|SAN FRANCISCO - Monday, June 10th 2013 [ME NewsWire]|
(BUSINESS WIRE)-- Dolby Laboratories, Inc. (NYSE: DLB) announced that ZTE Corporation (ZTE) has taken a worldwide patent license for Dolby’s portfolio covering High-Efficiency Advanced Audio Coding (HE AAC).
"ZTE’s leadership in the mobile market depends on innovation and intellectual property,” said Mr. Kan Yulun, Corporate Vice President of ZTE Corporation and CTO of the ZTE Mobile Device Division. "As a standard-bearer for Chinese companies operating around the world, we are committed to accelerating innovation through collaboration and support for intellectual property rights.”
"ZTE has been a rising star in the mobile phone market and is now the number 4 mobile handset manufacturer in the world. We value ZTE’s respect for intellectual property rights and look forward to their continued growth,” said Andy Sherman, Executive Vice President, General Counsel & Corporate Secretary, Dolby Laboratories.
ZTE is licensing patents essential to HE AAC, an international standard used and licensed from Dolby by hundreds of companies worldwide, including Apple, HTC, Nokia, BlackBerry, LG, and Sony.
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 140 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.
About Dolby Laboratories
Dolby Laboratories (NYSE: DLB) is the global leader in technologies that are essential elements in the best entertainment experiences. Founded in 1965 and best known for high-quality audio and surround sound in environments from the cinema to the living room to mobile devices, Dolby creates innovations that enrich entertainment at the movies, at home, or on the go. For more information about Dolby Laboratories or Dolby technologies, please visit www.dolby.com.
Dolby and the double-D symbol are registered trademarks of Dolby Laboratories. © 2013 Dolby Laboratories, Inc. All rights reserved. S13/26951 DLB-G
Margrete Ma, +86-755-26775207
Brian Domingo, +1-415-558-0164