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LG, Google ink broad 10-year cross-licensing agreement

LG Electronics and Google have signed a comprehensive 10-year cross-licensing agreement, reports ZDNet Korea’s Jaehwan Cho.

In a joint statement, LG Electronics and Google said they will share existing and future patents up until 2023.

LG is an important contract maker for Google for its Nexus series phones — the Korean tech giant made the Nexus 4 in 2012 and Nexus 5 in 2013 — and a key Android vendor from products such as the popular G series smartphones and G Watch R that uses Android Wear OS.

"In order to make innovative products and new technology, we plan to change the life value of consumers by enhancing our relationship with Google," said Lee Jeong-hwan, head of LG's Patent Center.

"We are happy to have clinched a cross-licensing agreement with LG. We'll concentrate to make new products and services for consumers through strategic relationship," said Allen Lo, an adviser who's in charge of Google's patent business.

Both companies are reportedly making a tablet that has a 3D-mapping camera on it. The 3D-mapping tablet is expected to be launched in early 2015.

Samsung has signed a similar agreement with Google earlier this year.

Source: ZDNet Korea (zdnet.co.kr)