Whom You Know: LENOVO TO BUY MOBILE PATENTS FROM NEC CORPORATION

Friday, April 4, 2014

LENOVO TO BUY MOBILE PATENTS FROM NEC CORPORATION

Lenovo (HKSE: 992) (ADR: LNVGY) announced that it has purchased a portfolio of patents from NEC Corporation (Tokyo: 6701) (OTC US: NIPNF).

The portfolio consists of more than 3,800 patent families filed in numerous countries around the world. The portfolio includes standard essential patents for 3G and LTE mobile technologies as well as patents that cover a broad range of features and technologies used in many of today’s most advanced mobile products such as smartphones.

“A strong patent portfolio is a key element for success in the smartphone business. This investment strengthens Lenovo’s existing intellectual property portfolio,” said Ira Blumberg, vice president of Intellectual Property, Lenovo. “As Lenovo expands its mobile PC Plus business into new markets, this investment shows it is committed to having the IP we need for global success.”

Lenovo will continue to acquire additional intellectual property assets both through its own innovation and engineering, as well as from external sources to support its rapidly expanding PC Plus business that includes mobile devices such as smartphones and tablets.

About Lenovo

Lenovo (HKSE: 992) (ADR: LNVGY) is a US$34 billion personal technology company – the largest PC maker worldwide and an emerging PC Plus leader – serving customers in more than 160 countries. Dedicated to building exceptionally engineered PCs and mobile internet devices, Lenovo’s business is built on product innovation, a highly-efficient global supply chain and strong strategic execution. Formed by Lenovo Group’s acquisition of the former IBM Personal Computing Division, the company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services. Its product lines include legendary Think-branded commercial PCs and Idea-branded consumer PCs, as well as servers, workstations, and a family of mobile internet devices, including tablets and smartphones. Lenovo, a global Fortune 500 company, has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina. For more information see www.lenovo.com.

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