ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, today announced that it has signed a 4G patent licensing agreement with Spanish company Teltronic…
ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, today announced that it has signed a 4G patent licensing agreement with Spanish company Teltronic, part of the Sepura Group. The agreement is a further indicator of ZTE’s global leadership in the field of 4G long-term evolution (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, involving transport, public safety, oil & gas, utilities, mining and industry sectors. “ZTE is pleased to contribute to a healthy industry ecosystem with partners, 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 authorised more than 24,000 patents in 2015. More than 90 percent of ZTE’s patents relate to inventions. ZTE has played a leading role in setting national and industry 4G standards. Today, ZTE holds 13 percent of the world’s 4G LTE basic patents.
ZTE will continue to invest in innovation, and has allocated greater capital than ever before in research and development (R&D) in 2015. Last year, 12 percent (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.
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