RIM announced today that it has settled a years-long patent fight by agreeing to pay $450 million to NTP, a U.S. patent-holding company. In exchange, RIM will be allowed to continue operating its BlackBerry wireless business. NTP sued RIM, a Canadian company, for infringing on 16 patents for radio frequency wireless communications in electronic mail systems in 2002, and won, but RIM appealed that decision. Under the settlement, which is expected to be finalized in the next few weeks, RIM has the right to grant sublicenses under the NTP patents.
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RIM Settles Patent Suit for $450 Million
Posted by: Susan B. Shor March 16, 2005 11:08 AMRIM announced today that it has settled a years-long patent fight by agreeing to pay $450 million to NTP, a U.S. patent-holding company. In exchange, RIM will be allowed to continue operating its BlackBerry wireless business. NTP sued RIM, a Canadian company, for infringing on 16 patents for radio frequency wireless communications in electronic mail systems in 2002, and won, but RIM appealed that decision. Under the settlement, which is expected to be finalized in the next few weeks, RIM has the right to grant sublicenses under the NTP patents.