Foam.
Interesting. So what is different in todays PR from this older announcement. Trusted Computing?
“Intertrust Technologies Corporation announced today that it has entered into a patent licensing agreement with Nokia Corporation. The license grants Nokia worldwide access to Intertrust's broad portfolio of inventions in the areas of digital rights management (DRM) and trusted computing.”
Nokia Selects InterTrust's DRM Technology And Acquires 5% Stake; InterTrust's Digital Rights Management Solutions To Be Part Of Nokia's Technical Architecture
HELSINKI, Finland & SANTA CLARA, Calif.--(BUSINESS WIRE)--Jan. 31, 2001
Nokia Corporation (NYSE:NOK), the global leader in mobile communications and InterTrust Technologies Corporation (Nasdaq:ITRU), the leading developer of peer-to-peer, distributed digital rights management (DRM) technologies, have signed an agreement by which Nokia has agreed to license the InterTrust(R) Commerce and Rights/System(TM) DRM solutions, and has selected InterTrust as its preferred DRM technology. Nokia will invest and acquire nearly 5% ownership of InterTrust stock for $20 million.
"Digital Rights Management is a crucial element in digital media distribution solutions and InterTrust has developed a best-of-breed solution suitable to both mobile DRM and computing platforms. We are very impressed by InterTrust's patent portfolio and we are excited about the new opportunities that licensing InterTrust's DRM technology will offer us," says Pekka Ala-Pietila, President, Nokia. "In cooperation with other industry players, Nokia is defining the technical architecture for the mobile Internet and InterTrust has the best technology for this industry shaping work."
"InterTrust is delighted to announce this relationship with Nokia," said Victor Shear, Chairman of InterTrust. "Combining Nokia's expertise in mobile communications with our DRM solutions, we plan to offer entirely new opportunities in the area of mobile content distribution. Nokia and InterTrust have a shared vision of the mobile future and by joining forces we intend to provide content owners, application developers, and service providers globally the most advanced and sustainable solution on which to base future products and services."
Shear added, "To support our new partnership with Nokia and to establish InterTrust DRM as the de facto standard in the mobile market, InterTrust intends to invest significant resources to further develop our mobile DRM system, enabling consumers to obtain, use, and interact seamlessly with, digital content whenever and wherever they wish."
Nokia's and InterTrust's relationship reflects the increasing demand for legitimate content delivery solutions.
InterTrust's platform is an ideal technology for Nokia and many other companies planning to offer a broad range of rights-enabled products and solutions to both business and consumer markets worldwide. In the future, an increased part of digital media consumption will happen in the mobile context. Content and services will become event, situation and location specific. Mobile communications and portability of rights will create entirely new ways of consuming media and Nokia is committed to ensuring that consumers will be able to enjoy exciting and easy-to-use services while protecting the rights of content owners. InterTrust has a leading edge DRM technology with the most advanced features to help realize this goal.
The Rights/System(TM) product line, under development at InterTrust for several years, currently includes the Rights/PD(TM) and Rights/Phone(TM) platforms. These platforms are designed to make secure rights-management solutions for digital content portable, practical and productive. The Rights/PD and Rights/Phone systems extend the functions of InterTrust's leading DRM technology to portable devices, while meeting diverse vertical market requirements in entertainment, enterprise, and publishing, as well as other markets. Licensed as software and tools, these systems include libraries and components that can be incorporated as firmware in a wide variety of portable devices and consumer appliances.
The Rights/PD and Rights/Phone technologies for PCs and other computing environments, work with and are complemented by the InterTrust's InterRights Point(TM) rights management virtual machine. Rights/PD and Rights/Phone software act as the control point on the portable device by communicating with and managing the secure transfer of files and rights to and from portable devices
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