Microsoft and Olio Devices announce patent licensing agreement

REDMOND, Wash., and SAN FRANCISCO — Jan. 25, 2016 — On Monday, Microsoft Technology Licensing LLC and Olio Devices Inc. signed a patent licensing agreement covering wearable devices.

Nick Psyhogeos, president of Microsoft Technology Licensing, said, “Mutually beneficial and collaborative patent licensing agreements like this one promote innovation and lead to better products and experiences for consumers.”

Microsoft’s commitment to licensing IP

The patent agreement is another example of the important role intellectual property (IP) plays in ensuring a healthy and vibrant technology ecosystem. Since Microsoft launched its IP licensing program in December 2003, it has entered into more than 1,200 licensing agreements. More information about Microsoft’s licensing programs is available at http://www.microsoft.com/iplicensing.

About Olio Devices Inc.

Co-founded by Steven Jacobs, Evan Wilson, and AJ Cooper, Olio aims to empower the classic wristwatch with custom technology designed by Olio to help simplify and manage our everyday lives. The company combines high-end materials with proprietary hardware and software to create finely crafted connected timepieces for the busy modern lifestyle. The company is headquartered in San Francisco. To learn more visit: http://www.oliodevices.com or follow @oliodevices on Twitter.

About Microsoft Technology Licensing

Microsoft Technology Licensing LLC was formed in 2014 to acquire, manage and license Microsoft’s patent portfolio.

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) is the leading platform and productivity company for the mobile-first, cloud-first world, and its mission is to empower every person and every organization on the planet to achieve more.

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