THE KUDELSKI GROUP AND VERIZON ENTER INTO PATENT CROSS LICENSE AGREEMENT AND RESOLVE ALL PENDING PATENT LITIGATION Dienstag, 23. Februar 2016 - 17:35

Cheseaux-sur-Lausanne, Switzerland, and New York, 23 February, 2016 – The Kudelski Group (SIX: KUD.S), a leading independent provider of media protection and value-added service technology, and Verizon Communications Inc. (NYSE, Nasdaq:VZ) today announced they have entered into a multi-year patent cross licensing agreement. Under the agreement, the parties will dismiss all pending patent litigation, which relates to Verizon’s Fios television service, video advertising functionality, and OTT streaming services including AOL.

“The Kudelski Group is focused on developing and licensing technology and intellectual property to the video market and we are pleased to license our patent portfolio to Verizon,” said Joe Chernesky, Senior Vice President of Intellectual Property and Innovation at the Kudelski Group. “Operating companies benefit when they respect each other’s intellectual property rights and cross license their patents in a reasonable and collaborative manner. This agreement further validates the significant investment both companies have made and will continue to make in innovation to the benefit of consumers worldwide.”

With 4,500 patents and patent applications and over 60 years of experience in pioneering innovative technologies, the Kudelski Group offers a comprehensive intellectual property licensing program that provides its customers and partners with access to many fundamental technologies, enabling them to build compelling devices, applications and services that work seamlessly together.

The specific terms of the agreement remain confidential.