The famous Canadian smartphone company and the equally renouned American watches maker, Timex have entered into a patent license agreement. The financial structure of the deal includes on-going royalty payments from Timex to BlackBerry. Additional terms of the agreement are confidential.
“This license agreement with Timex demonstrates the strength of BlackBerry’s patent portfolio, and will enable us to focus on further patent licensing opportunities in the mobile communications market,” said Jerald Gnuschke, senior director of Intellectual Property Licensing, BlackBerry.
BlackBerry’s portfolio consists of approximately 40,000 worldwide patents and applications covering a wide array of technologies including wireless communications, networking infrastructure, acoustics, messaging, enterprise software, operating systems, virtualization and cybersecurity.
Of course, rumors and speculation have started after this announcement and smartwatched with Timex brand, or BlackBerry-branded, or even both are expected. Timex has some experience with hybrid smartwatches as they recently launched the Timex IQ+ Move.
On the other side, BlackBerry has turned its attention from smartphone to other segments, as they licensed the Chinese corporation TCL to make is phones. BlackBerry has provided its UEM software to Vuzix M300 smart glasses in August.
So there is no reason for us to believe that the two companies won’t work together to develop new smartwatches.