ESPOO, Finland, Dec. 17, 2015 (GLOBE NEWSWIRE) -- In November 2013, Nokia announced the extension of the patent license agreement between Nokia and Samsung for five years from January 1, 2014, with the parties entering into binding arbitration to settle the amount of additional compensation payable to Nokia.
The Secretariat of the International Court of Arbitration of the International Chamber of Commerce has advised that the Final Award is expected to be provided to the parties by the end of January 2016.
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RISKS AND FORWARD-LOOKING STATEMENTS
Nokia and its businesses are exposed to various risks and uncertainties. Certain statements included in this announcement are not historical facts but are forward-looking statements. These statements include, without limitation, statements regarding the expected outcome of pending and threatened litigation, arbitration, disputes, regulatory proceedings or investigations by authorities and other judicial bodies, as well as statements preceded by or including the word "expect," and similar expressions. Because they involve risks and uncertainties, actual results may differ materially from the results that we currently expect. Factors, including risks and uncertainties that could cause such differences include, but are not limited to, the outcome of the binding arbitration with Samsung expected in 2016, as well as the risk factors specified on pages 74 to 89 of Nokia's latest annual report on Form 20-F under "Operating and Financial Review and Prospects-Risk factors", in our interim reports issued on April 30, 2015, July 30, 2015, October 29, 2015 and as disclosed in our filings with the U.S. Securities and Exchange Commission. Other unknown or unpredictable factors or underlying assumptions subsequently proven to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Nokia does not undertake any obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.