) recently announced that it has entered into a worldwide patent
licensing agreement with Hop-on. However, the specific terms and
conditions of the agreement have been kept confidential.
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Hop-on will acquire a broad license to Microsoft patents related
to Android and Chrome OS devices, including smartphones and
tablets. This will generate additional revenue for Microsoft.
Hop-on Inc., a California-based company established in 1993,
manufactures and sells electronic products. It is also engaged in
software distribution and supply of telecommunication services
worldwide. Hop-on holds several patent licensing agreements for
mobile communications and computing technologies and concentrates
on expanding, securing and monetizing its intellectual property
privileges. Hop-on primarily focuses on devices running the
Android and Chrome operating systems.
In Dec 2003, Microsoft started its Intellectual Property (IP)
licensing program. Since then, the leading software company has
signed more than 1,100 licensing agreements. Some of its
better-known licensees are Android device makers Samsung, LG,
HTC, Acer and Barnes & Noble.
Microsoft is a part of the Rockstar Consortium that also includes
other technology heavy-weights such as
). The organization's intention is to enforce patents that are
involved in multiple patent litigations.
Recently, companies like
Cisco Systems, Inc.
) have signed broad cross-licensing agreements that make it
harder for patent trolls/patent assertion companies to enforce
patents. Both Cisco and Google are part of an alliance called the
Coalition for Patent Fairness that seeks to minimize litigation
between technology companies, thereby helping to devote more
energy to innovation.
Currently, Microsoft holds a Zacks Rank #3 (Hold).