SEOUL, South Korea and KIRKLAND, Wash., Oct. 15, 2012 /PRNewswire/ — Pantech Corporation (“Pantech”) and ContentGuard Holdings, Inc. (“ContentGuard”), a subsidiary of Pendrell Corporation (NASDAQ: PCO), announced today that they have entered into a technology collaboration agreement focused on digital rights management technologies. Under the agreement, the parties will collaborate to enhance the content experience on Pantech phones and tablets. The agreement also provides Pantech access to ContentGuard’s digital rights management (DRM) technologies for the next five years.
“As one of the world’s leading mobile wireless device manufacturers, Pantech values the opportunity to collaborate with Pendrell to enhance the content experience utilizing ContentGuard’s foundational digital rights management technologies,” said Chadong Hwang, leader of the IP strategy team for Pantech.
“With the explosive adoption of wireless devices that have a primary purpose of delivering a rich content experience, the need to protect the rights of content owners while at the same time giving consumers access to an unprecedented selection of digital content, has never been greater,” commented Mario Obeidat, vice president of licensing for Pendrell. “Pantech is a proven, innovative leader in developing breakthrough technologies in the mobile industry, and both companies are committed to working together to foster innovation in this rapidly expanding market.”