Press Release
Agreement to enable commercialization of breakthrough technologies in new markets
Initial focus on exploring potential of SDM optical technology in medical imaging
22 May 2019
Niskayuna, New York & Espoo, Finland – GE’s Licensing business (GE) and Nokia have begun working together to commercialize cutting-edge Nokia technologies and intellectual property in markets beyond telecommunications
Nokia is a world leader in innovation, creating the technology to connect the world. Scientists and engineers from across the company create thousands of new innovations every year. While most of these apply to the company’s core businesses, many also have relevance in other markets.
Nokia has joined forces with GE to develop programs using GE’s expertise in partnerships, business models, licensing, technology transfers and new business creation in a variety of markets. GE brings a strong track record of monetizing technology and intellectual property (IP) from large commercial organizations to complement Nokia’s expertise in breakthrough innovation.
“We’re thrilled to work with Nokia to identify opportunities related to new technologies and intellectual property for commercialization,” said Pat Patnode, President of GE’s Licensing business. “With our deep knowledge of industry trends, business models and technology, we can accelerate technology commercialization.”
For Nokia, the collaboration will be led by Nokia Technologies, the company’s licensing arm, which enables other companies to benefit from Nokia innovation. Many of the inventions originate from Nokia Bell Labs, which has a long history of disruptive innovation across a wide range of technology areas.
The first focus for the collaboration is incubating new business opportunities for Nokia Bell Labs’ innovative space division multiplexing (SDM) technology using multi-mode optical fiber. This innovation has the potential to dramatically increase the capacity on a single fiber in communication networks. In addition, the same SDM technology can be used for advanced imaging capabilities, which could offer unique and compelling solutions for the medical market in devices such as endoscopes.
“We’re excited to work with GE to find new ways to bring our innovations to new markets, businesses and customers,” said Jenni Lukander, head of Patent Business at Nokia. “GE’s experience and expertise in incubating new technology commercialization working with enterprises of all sizes gives the potential for a great collaboration.”
About GE Ventures
GE Ventures identifies, scales and accelerates ideas that will help make the world work better. Focused on the areas of software, advanced manufacturing, energy and health care, GE Ventures combines equity investing, new business creation, licensing and technology transfer to deliver an innovation platform designed to drive growth for partners and GE. For more information, visit http://www.geventures.com, or follow on Twitter (@GE_Ventures) and LinkedIn.
To learn more about GE’s Licensing business, click here.
About Nokia
We create the technology to connect the world. We develop and deliver the industry’s only end-to-end portfolio of network equipment, software, services and licensing that is available globally. Our customers include communications service providers whose combined networks support 6.1 billion subscriptions, as well as enterprises in the private and public sector that use our network portfolio to increase productivity and enrich lives.
Through our research teams, including the world-renowned Nokia Bell Labs, we are leading the world to adopt end-to-end 5G networks that are faster, more secure and capable of revolutionizing lives, economies and societies. Nokia adheres to the highest ethical business standards as we create technology with social purpose, quality and integrity. www.nokia.com
Media Inquiries:
Mark Durrant, Nokia Communications
+44 7875 276867
mark.durrant@nokia.com
Todd Alhart, GE Ventures
+1 518-387-7914
alhart@research.ge.com
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