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Samsung Electronics and IBM Announce Patent Cross-License Agreement

SEOUL, South Korea ARMONK, N.Y. Feb. 8, 2011 IBM

http://photos.prnewswire.com/prnh/20090416/IBMLOGO

Specific terms and conditions of the agreement were not disclosed.

Over the past several decades, IBM and Samsung have built strong patent portfolios covering a wide range of technologies including semiconductors, telecommunications, visual and mobile communications, software and technology-based services. This cross-licensing agreement enables the two companies to innovate and operate freely while using each other’s patented inventions to help keep pace with sophisticated technology and business demands.

The companies said the cooperation fostered by cross-licensing reinforces their ability to provide better products and services, while maintaining their competitiveness.

Seungho Ahn

Ken King

leading recipient of U.S. patents

About IBM

www.ibm.com

About Samsung Electronics Co., Ltd.

US$116.8 billion www.samsung.com

CONTACTS:

Chris Andrews

IBM

914-945-1195

[email protected]

Kiyung Nam

Samsung Electronics

+82-2-2255-8289

[email protected]

SOURCE IBM

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