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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  U-blox Holding AG    UBXN   CH0033361673

U-BLOX HOLDING AG

(UBXN)
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u blox : ‑blox and Sisvel sign intellectal property license agreement, litigation dismissed

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09/24/2020 | 03:10am EDT

Thalwil, Switzerland - September 24, 2020 - u‑blox (SIX:UBXN), a global provider of leading positioning and wireless communication technologies, today announced that it has entered into a worldwide, non-exclusive, patent license agreement with Sisvel International S.A., 3G Licensing SA, Sisvel S.p.A., and Sisvel US Inc., world leaders in fostering innovation and managing intellectual property, covering the sale by u‑blox AG (u‑blox) of its 2G, 3G and 4G products for a defined term. Litigation between the two companies has been dismissed.

'u‑blox respects the intellectual property rights of others and has always been and continues to be a willing licensee to standard essential patents (SEPs)', said Thomas Seiler, CEO of u‑blox. 'In fact, u‑blox views this as a value-added differentiator that benefits u‑blox customers and positively distinguishes u‑blox within the module industry. u‑blox remains committed to this strategy - it's how we create value for our customers.'

'We are pleased Sisvel was open to learn about the needs and realities of the IoT, M2M and automotive market segments u‑blox serves, markets that are very different from traditional cellular handset markets,' said Kent Baker, the Head of Licensing for u‑blox AG's Cellular Communication Division. 'Not all patent holders are willing to understand the demands of the non-handset market segments and then negotiate to reach agreement based on that understanding. Our discussions exemplified two companies' working to find mutually beneficial opportunities with an eye towards the future.' David Muus, Program Manager of the Mobile Communication Program at Sisvel, added: 'It is a welcome negotiation that turns a dispute into cooperation.'

About u‑blox

u‑blox (SIX:UBXN) is a global technology leader in positioning and wireless communication in automotive, industrial, and consumer markets. Their smart and reliable solutions, services and products let people, vehicles, and machines determine their precise position and communicate wirelessly over cellular and short range networks. With a broad portfolio of chips, modules, and secure data services and connectivity, u‑blox is uniquely positioned to empower its customers to develop innovative and reliable solutions for the Internet of Things, quickly and cost‑effectively. With headquarters in Thalwil, Switzerland, the company is globally present with offices in Europe, Asia, and the USA. (www.u‑blox.com)

Find us on Facebook, LinkedIn, Twitter @ublox and YouTube

u‑blox contact:
Kent Baker
Senior Principal, IP Strategy
Tel +1 (858) 847-9611
[email protected]

Disclaimer

u-blox Holding AG published this content on 24 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 September 2020 07:09:02 UTC


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Sales 2020 351 M 388 M 388 M
Net income 2020 -57,4 M -63,4 M -63,4 M
Net Debt 2020 16,7 M 18,4 M 18,4 M
P/E ratio 2020 -6,47x
Yield 2020 0,15%
Capitalization 365 M 403 M 404 M
EV / Sales 2020 1,09x
EV / Sales 2021 0,98x
Nbr of Employees 1 080
Free-Float 91,6%
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Mean consensus HOLD
Number of Analysts 6
Average target price 58,20 CHF
Last Close Price 52,65 CHF
Spread / Highest target 15,9%
Spread / Average Target 10,5%
Spread / Lowest Target 4,46%
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Managers
NameTitle
Thomas William Seiler Chief Executive Officer & Director
André Müller Chairman
Roland Jud Chief Financial Officer
Jean-Pierre Wyss Director, Head-Production & Logistics
Gina Aline Domanig Vice Chairman-Board
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