Smartwatch patents are being snatched up by Swatch

smartwatch iwatch time

The watchmaker has been scooping up patents for wearables to the point that it is now believed they have 173 of them. Many experts and consumers, alike, have been waiting for a smartwatch to be released by Swatch, but that watchmaker appears to be taking its time before coming out with a device of its own within this category. That said, it hasn’t been idle in the area of wearables, as it has been purchasing dozens of patents. In fact, a recent estimate issued by Bloomberg Business has shown that…

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Mobile technology patent licensing agreement signed between LG and Nokia

Nokia NFC mobile technology

The partnership involves a royalty based deal for the creation of a new smartphones that will be sold in the future. LG Electronics has now received Nokia’s approval to be able to use the latter company’s patented tech in exchange for royalties from the smartphones that are sold and that use that mobile technology. The patent license was granted from the Nokia Technologies licensing arm of the company. According to Ramzi Haidamus, the president of Nokia Technologies, “We are pleased to welcome LG Electronics to our licensing programme.” This makes…

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