10th Feb 2014 07:05
Nokia / Miscellaneous 10.02.2014 08:05 Dissemination of a Regulatory Announcement, transmitted byDGAP - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement.--------------------------------------------------------------------------- All patent litigation between the companies dismissedNokia CorporationStock Exchange ReleaseFebruary 10, 2014 at 09:05 (CET +1) Espoo, Finland - Nokia and HTC have settled all pending patent litigationbetween them, and entered into a patent and technology collaboration agreement.HTC will make payments to Nokia and the collaboration will involve HTC's LTEpatent portfolio, further strengthening Nokia's licensing offering. Thecompanies will also explore future technology collaboration opportunities. Thefull terms of the agreement are confidential. 'We are very pleased to have reached a settlement and collaboration agreementwith HTC, which is a long standing licensee for Nokia's standards essentialpatents,' said Paul Melin, chief intellectual property officer at Nokia. 'Thisagreement validates Nokia's implementation patents and enables us to focus onfurther licensing opportunities.' 'Nokia has one of the most preeminent patent portfolios in the industry,' saidGrace Lei, General Counsel of HTC. 'As an industry pioneer in smartphones witha strong patent portfolio, HTC is pleased to come to this agreement, which willenable us to stay focused on innovation for consumers.' NOTE: This stock exchange release includes identical information as the releaseissued by Nokia as a press release on February 7, 2014. FORWARD-LOOKING STATEMENTSIt should be noted that Nokia and its business are exposed to various risks anduncertainties and certain statements herein that are not historical facts areforward-looking statements, including, without limitation, those regarding: A)the planned sale by Nokia of substantially all of Nokia's Devices & Servicesbusiness, including Smart Devices and Mobile Phones (referred to below as 'Saleof the D&S Business') pursuant to the Stock and Asset Purchase Agreement, datedas of September 2, 2013, between Nokia and Microsoft International HoldingsB.V.(referred to below as the 'Agreement'); B) the closing of the Sale of theD&S Business; C) receiving timely, or at all, necessary regulatory approvalsfor the Sale of the D&S Business; D) expectations, plans or benefits related toor caused by the Sale of the D&S Business; E) expectations, plans or benefitsrelated to Nokia's strategies, including plans for Nokia with respect to itscontinuing businesses that will not be divested in connection with the Sale ofthe D&S Business; F) expectations, plans or benefits related to changes inleadership and operational structure; G) expectations and targets regarding ouroperational priorities, financial performance or position, results ofoperations and use of proceeds from the Sale of the D&S Business; H) the timingof the deliveries of our products and services; I) our ability to innovate,develop, execute and commercialize new technologies, products and services; J)expectations regarding market developments and structural changes; K)expectations and targets regarding performance, including those related tomarket share, prices, net sales and margins of products and services; L)expectations and targets regarding collaboration and partnering arrangements;M) the outcome of pending and threatened litigation, regulatory proceedings orinvestigations by authorities; N) expectations regarding the successfulcompletion of restructurings, investments, acquisitions and divestments on atimely basis and our ability to achieve the financial and operational targetsset in connection with any such restructurings, investments, divestments andacquisitions, as well as any expected plans and benefits related to or causedby such transactions; and O) statements preceded by 'believe,' 'expect,''anticipate,' 'foresee,' 'sees,' 'target,' 'estimate,' 'designed,' 'aim','plans,' 'intends,' 'focus,' 'will' or similar expressions. These statementsare based on management's best assumptions and beliefs in light of theinformation currently available to it. Because they involve risks anduncertainties, actual results may differ materially from the results that wecurrently expect. Factors, including risks and uncertainties that could causethese differences include, but are not limited to: 1) the inability to closethe Sale of the D&S Business in a timely manner, or at all, for instance due tothe inability or delays in obtaining necessary regulatory approvals for theSale of the D&S Business, or the occurrence of any event, change or othercircumstance that could give rise to the termination of the Agreement; 2) thepotential adverse effect on the sales of our mobile devices, businessrelationships, operating results and business generally resulting from theannouncement of the Sale of the D&S Business or from the terms that we haveagreed for the Sale of the D&S Business; 3) any negative effect from theimplementation of the Sale of the D&S Business, as we may forego othercompetitive alternatives for strategies or partnerships that would benefit ourDevices & Services business and if the Sale of the D&S Business is not closed,we may have limited options to continue the Devices & Services business orenter into another transaction on terms favorable to us, or at all; 4) ourability to effectively and smoothly implement planned changes to our leadershipand operational structure or maintain an efficient interim governance structureand preserve or hire key personnel; 5) any negative effect from theimplementation of the Sale of the D&S Business, including our internalreorganization in connection therewith, which will require significant time,attention and resources of our senior management and others within the companypotentially diverting their attention from other aspects of our business; 6)disruption and dissatisfaction among employees caused by the plans andimplementation of the Sale of the D&S Business, reducing focus and productivityin areas of our business; 7) the amount of the costs, fees, expenses andcharges related to or triggered by the Sale of the D&S Business; 8) anyimpairments or charges to carrying values of assets or liabilities related toor triggered by the Sale of the D&S Business; 9) potential adverse effects onour business, properties or operations caused by us implementing the Sale ofthe D&S Business; 10) the initiation or outcome of any legal proceedings,regulatory proceedings or enforcement matters that may be instituted against usrelating to the Sale of the D&S Business; 11) Nokia Solutions and Networks'(renamed from Nokia Siemens Networks) also referred to as NSN success in themobile broadband infrastructure and related services market and its ability toeffectively, profitably and timely adapt business and operations to the diverseneeds of its customers; 12) NSN's ability to maintain and improve its marketposition and respond successfully to changes and competition in the mobilebroadband infrastructure and related services market; 13) NSN's success inimplementing its restructuring plan and reducing its operating expenses andother costs; 14) NSN's ability to invest in and timely introduce newcompetitive products, services, upgrades and technologies; 15) NSN's dependenceon limited number of customers and large, multi-year contracts; 16) NSN'sliquidity and its ability to meet its working capital requirements, includingaccess to available credit under its financing arrangements and other creditlines as well as cash at hand; 17) the management of NSN's customer financingexposure; 18) the success of our HERE strategy, including our ability toestablish a successful location-based platform and extend our location-basedservices across devices and operating systems; 19) our ability to protectnumerous patented standardized or proprietary technologies from third-partyinfringement or actions to invalidate the intellectual property rights of thesetechnologies; 20) our ability to maintain the existing sources of intellectualproperty related revenue and establish new such sources; 21) the intensity ofcompetition in the various markets where we do business and our ability tomaintain or improve our market position or respond successfully to changes inthe competitive environment; 22) our ability to keep momentum and increase ourspeed of innovation, product development and execution in order to bring newinnovative and competitive products and location-based or other services to themarket in a timely manner; 23) our ability to effectively and smoothlyimplement the planned changes in our operational structure and achieve targetedefficiencies and reductions in operating expenses and our ability to completethe planned divestments and acquisition, including obtaining any neededregulatory approvals; 24) our ability to retain, motivate, develop and recruitappropriately skilled employees; 25) our dependence on the development of themobile and communications industry, including location-based and other servicesindustries, in numerous diverse markets, as well as on general economicconditions globally and regionally; 26) our ability to maintain and leverageour position and strengths, especially if we are unable retain the loyalty ofour mobile operator and distributor customers and consumers as a result of theimplementation of our strategies or other factors; 27) the performance of theparties we partner and collaborate with and our ability to achieve successfulcollaboration or partnering arrangements; 28) our ability to deliver ourproducts profitably, in line with quality requirements and on time, especiallyif the limited number of suppliers we depend on, many of which aregeographically concentrated with a majority based in Asia, fail to deliversufficient quantities of fully functional products, components, sub-assemblies,software and services on favorable terms and in compliance with our supplierrequirements; 29) our ability to manage efficiently our manufacturing andlogistics, as well as to ensure the quality, safety, security and timelydelivery of our products and services; 30) any actual or even alleged defectsor other quality, safety and security issues in our products; 31) anyinefficiency, malfunction or disruption of a system or network that ouroperations rely on; 32) the impact of cybersecurity breach or other factorsleading to an actual or alleged loss, improper disclosure or leakage of anypersonal or consumer data collected by us or our partners or subcontractors,made available to us or stored in or through our products; 33) our ability tosuccessfully manage the pricing of our products and services and costs relatedto our products and services and our operations; 34) the potential complex taxissues and obligations we may face, including the obligation to pay additionaltaxes in various jurisdictions and our actual or anticipated performance, amongother factors, could result in allowances related to deferred tax assets; 35)exchange rate fluctuations, particularly between the euro, which is ourreporting currency, and the US dollar, the Japanese yen and the Chinese yuan,as well as certain other currencies; 36) our ability to protect thetechnologies, which we or others develop or which we license, from claims thatwe have infringed third parties' intellectual property rights, as well as ourunrestricted use on commercially acceptable terms of certain technologies inour product and services; 37) the impact of economic, regulatory, political orother development on our sales, manufacturing facilities and assets located inemerging market countries as well as the impact of regulations against importsto those countries; 38) the impact of changes in and enforcement of governmentpolicies, technical standards, trade policies, laws or regulations in countrieswhere our assets are located and where we do business; 39) investigations orclaims by contracting parties in relation to exits from countries, areas orcontractual arrangements; 40) unfavorable outcome of litigation, regulatoryproceedings or investigations by authorities; 41) allegations of possiblehealth risks from electromagnetic fields generated by base stations and mobiledevices, and the lawsuits and publicity related to them, regardless of merit;42) whether ongoing or any additional governmental investigations of allegedviolations of law by some former employees of Siemens may involve and affectthe carrier-related assets and employees transferred by Siemens to NokiaSiemens Networks (renamed Nokia Solutions and Networks); 43) any impairment ofNSN's customer relationships resulting from ongoing or any additionalgovernmental investigations involving the Siemens carrier-related operationstransferred to Nokia Siemens Networks (renamed Nokia Solutions and Networks),as well as the risk factors specified on pages 12-47 of Nokia's annual reporton Form 20-F for the year ended December 31, 2012 under Item 3D. 'RiskFactors'. Other unknown or unpredictable factors or underlying assumptionssubsequently proven to be incorrect could cause actual results to differmaterially from those in the forward-looking statements. Nokia does notundertake any obligation to publicly update or revise forward-lookingstatements, whether as a result of new information, future events or otherwise,except to the extent legally required. About NokiaNokia is a global leader in mobile communications whose products have become anintegral part of the lives of people around the world. Every day, more than 1.3billion people use their Nokia to capture and share experiences, accessinformation, find their way or simply to speak to one another. Nokia'stechnological and design innovations have made its brand one of the mostrecognized in the world. For more information, visithttp://www.nokia.com/about-nokia. Media Enquiries: NokiaCommunicationsTel. +358 7180 34900Email: [email protected] www.nokia.comNews Source: NASDAQ OMX 10.02.2014 DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: EnglishCompany: Nokia FinlandPhone: Fax: E-mail: Internet: ISIN: FI0009000681Category Code: MSCTIDM: 0HAFSequence Number: 1882Time of Receipt: Feb 10, 2014 08:05:03 End of Announcement DGAP News-Service ---------------------------------------------------------------------------UK-Regulatory-announcement transmitted by DGAP - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement.
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