During Wednesday’s current trade, Shares of BlackBerry Limited (NASDAQ:BBRY), lost -0.37% to $8.15.
On June 23, BlackBerry Limited, and Cisco (CSCO) declared that they have reached a long-term patent cross-licensing agreement covering their respective products and technologies.
As part of the cross-licensing agreement, BlackBerry will receive a license fee from Cisco. Specific terms of the deal are confidential.
“Our agreement with Cisco underscores the value companies place on BlackBerry’s broad and foundational patent portfolio,” said Dr. Mark Kokes, Vice President of Intellectual Property and Licensing, BlackBerry. “With the agreement in place, BlackBerry and Cisco can focus on innovation and continued technical cooperation, allowing our companies more freedom to create leading products and services for customers without the potential for patent disputes.”
“Cross-licensing is an effective way for technology companies to assure freedom of operation and assist remove concerns about patent litigation,” said Dan Lang, Vice President of Intellectual Property, Cisco. “This agreement recognizes Cisco’s patent portfolio, one that is regularly rated among the strongest in the telecommunications and networking industry. We look forward to ongoing to innovate to meet the needs of our respective customers.”
BlackBerry and Cisco have a long history of technical cooperation and intend to further collaborate under this agreement.
BlackBerry Limited provides wireless communications solutions worldwide. The company offers BlackBerry wireless solutions, which comprise the sale of BlackBerry handheld devices; and the provision of data communication, and compression and security infrastructure services enabling BlackBerry handheld wireless devices to send and receive wireless messages and data.
Finally, Hooper Holmes Inc. (NYSEMKT:HH), gained 4.99%, and is now trading at $0.20, hitting its lowest level.
Hooper Holmes, declared the introduction of ScreeningProTM and Wellness Support NowSM which leverage advanced technology and combine it with human touch to optimize the member experience while increasing engagement and motivation from the start.
“ScreeningPro and Wellness Support Now reflect our commitment to deliver innovative solutions that improve quality and the member experience, drive member engagement and expand options for our customers,” stated Henry Dubois, President and Chief Executive Officer of Hooper. “Our aim is to assist our clients convert their screening events into the ‘opening act’ of their wellness initiatives, leveraging our technology and network of Health Professionals to take their programs to a new level. Hooper continues to develop innovative screening services and solutions that improve the experience and outcome of health and wellness programs.”
ScreeningPro is a new mobile platform that uses the latest technology to securely replace paper data collection for Hooper’s screening events while serving as a gateway for Preferred Health Professionals (PHPs) to talk about results and drive members to the right programs and activities. Leveraging immediate access to this critical information together with extensive training allows Hooper’s PHPs to make the most of the teachable moment for every member, leveraging all modes of communication.
Hooper Holmes, Inc., together with its auxiliaries, provides health risk assessment services to health and insurance industries in the United States. The company offers health risk assessment and risk administration services by organizing health and wellness events; performing biometric screenings; administering health risk assessments; compiling data and analytics for risk assessment services; sourcing and training health professionals; and providing onsite wellness coaching.
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