Microsoft Technology Licensing LLC and Olio Devices Inc. signed a patent licensing agreement covering wearable devices.
Nick Psyhogeos, president of Microsoft Technology Licensing, said, “Mutually beneficial and collaborative patent licensing agreements like this one promote innovation and lead to better products and experiences for consumers.”
Microsoft’s commitment to licensing IP
The patent agreement is another example of the important role intellectual property (IP) plays in ensuring a healthy and vibrant technology ecosystem. Since Microsoft launched its IP licensing program in December 2003, it has entered into more than 1,200 licensing agreements.