The collaboration with Innventure will be led by Nokia Technologies- the company's licensing arm.
An official statement said that the focus initially will be on Adaptive bandwidth management<\/a> (ABM) technology, which improves bandwidth utilization, security and resilience of satellite systems<\/a>.
Innventure will acquire the rights to ABM technology from Nokia and be responsible for further development and commercialization of this technology, the statement added.
“Nokia continues to explore new ways to help others benefit from Nokia innovations, while creating value from our industry leading portfolio of technologies and innovation. Innventure’s approach has strong potential to further develop selected Nokia innovations on a commercial level, ”Jenni Lukander, President, Nokia Technologies, said.
Mike Otworth, Founder and CEO, Innventure, said, “Nokia has a strong pipeline of positively disruptive technologies. We have already progressed our evaluation of the Adaptive Bandwidth Management technology to the point that we have secured global commercialization rights for Innventure.”
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