The world's top manufacturer of smart devices, OPPO, and Via Licensing Corporation, the pioneer in collaborative licencing, announced that OPPO has obtained a licence to Via's Advanced Audio Coding (AAC) patent pool. This international deal covers smartphones, for which OPPO is the fourth-largest seller globally.
“We are excited to sign a patent license agreement with Via, who commits to balance the interests of both licensees and licensors,” said Vincent Lin, Head of Patent Licensing of OPPO. “We will, as always, advocate for the establishment of a sustainable, healthy intellectual property ecosystem, where intellectual property licenses can be resolved through amicable negotiations and every company’s patent value is respected.”
“As a founding member, Fraunhofer IIS is pleased the AAC patent pool continues to attract industry leaders like OPPO, who recognize the value of our ongoing technological advancements of this audio codec,” said Stefan Geyersberger, Deputy Division Director, Audio and Multimedia Division, Fraunhofer IIS.
“We are delighted to sign our standard license with OPPO, an industry leader that continually strives to empower a better future for its customers around the world with innovative product offerings,” said Heath Hoglund, President, Via Licensing.
An international standard issued by ISO/IEC provides the definition of advanced audio coding. Customers can enjoy high-quality audio with excellent compression efficiency thanks to the coding method that is specified in this document, which lowers the amount of data that must be transferred and the processing power needed for playback. This audio compression standard is licenced to about 1,000 businesses worldwide through the patent pool managed by Via Licensing