Sonos and Legrand sign multi-year licensing deal
December 15 2020 - 2:00PM
Business Wire
Undisclosed terms cover multi-year licensing
deal associated with all Legrand multi-room wireless audio products
worldwide
Sonos (Nasdaq: SONO) and Legrand today announced a multi-year
licensing deal to cover the entire range of Legrand’s NUVO
multi-room wireless audio products. As part of this agreement,
Legrand will pay to license Sonos’ patents for all such audio
products.
“Sonos innovation created multi-room wireless audio - the
technologies we invented enable many of today’s listening
experiences and we continue to innovate to enable the experiences
of tomorrow,” said Eddie Lazarus, Chief Legal Officer. “We believe
in a fair marketplace where companies compete on a level playing
field and contribute with their own innovations and experiences.
We’re pleased to see more companies such as Legrand recognizing the
strength and value of our IP and providing appropriate
compensation.”
About Sonos
Sonos (Nasdaq: SONO) is one of the world’s leading sound
experience brands. As the inventor of multi-room wireless home
audio, Sonos innovation helps the world listen better by giving
people access to the content they love and allowing them to control
it however and wherever they choose. Known for delivering an
unparalleled sound experience, thoughtful design aesthetic,
simplicity of use, and an open platform, Sonos makes the breadth of
audio content available to anyone. Sonos is headquartered in Santa
Barbara, California. Learn more at www.sonos.com.
About Legrand
Legrand is a global specialist in electrical and digital
building infrastructures. Its comprehensive offering of solutions
for use in commercial, industrial and residential markets makes it
a benchmark for customers worldwide. Innovation for a steady flow
of new products with high added value is a prime vector for growth,
including, in particular, connected devices stemming from Legrand’s
global Eliot (Electricity and IoT) program. Legrand reported sales
of $5.6 billion in 2016. Legrand has a strong presence in North and
Central America, with a portfolio of well-known product lines that
include C2G, Cablofil, Electrorack, Luxul, Middle Atlantic, Nuvo,
OCL, On-Q, Ortronics, Pass & Seymour, Pinnacle, QMotion,
Quiktron, Raritan, Solarfective, Vantage, Wattstopper, and
Wiremold. Legrand is listed on Euronext Paris and is a component
stock of indexes including the CAC40, FTSE4Good, MSCI World, ASPI,
Corporate Oekom Rating and DJSI (ISIN code FR0010307819)
www.legrand.us.
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version on businesswire.com: https://www.businesswire.com/news/home/20201215006031/en/
Tom Lodge PR@sonos.com
Sonos (NASDAQ:SONO)
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