Day: 4 July 2023

License covers Nokia’s (www.Nokia.com) fundamental inventions in 5G and other technologies; Nokia to receive payments from Apple for a multi-year period. 

ESPOO, FINGLAND – EQS Newswire – 4 July 2023 – Nokia announced it has signed a new patent cross-license agreement with Apple which will replace the current license that is due to expire at the end of 2023. The terms of the agreement remain confidential between the parties.

Jenni Lukander, President of Nokia Technologies, said: “We are delighted to have concluded a long-term patent license agreement with Apple on an amicable basis. The agreement reflects the strength of Nokia’s patent portfolio, decades-long investments in R&D, and contributions to cellular standards and other technologies.”

Nokia expects to recognize the revenue related to this new patent license agreement starting in January 2024. The agreement is consistent with the assumptions Nokia has disclosed in the commentary with respect to Nokia Technologies long-term outlook in its Financial Report for Q1 issued on April 20, 2023.

Nokia’s industry-leading patent portfolio is built on more than €140 billion invested in R&D since 2000 and is composed of around 20,000 patent families, including over 5,500 patent families declared essential to 5G. Nokia contributes its inventions to open standards in return for the right to license them on fair, reasonable and non-discriminatory (FRAND) terms. Companies can license and use these technologies without the need to make their own substantial investments in the standards, fueling innovation and the development of new products and services for consumers.

Download image: https://apo-opa.info/3JKGUuC

About Nokia:
At Nokia, we create technology that helps the world act together.

As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs. 

Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

Risk factors:
Nokia and its businesses are exposed to a number of risks and uncertainties which include but are not limited to: Competitive intensity, which is expected to continue at a high level; Our ability to ensure competitiveness of our product roadmaps and costs through additional R&D investments; Our ability to procure certain standard components and the costs thereof, such as semiconductors; Disturbance in the global supply chain; Accelerating inflation, increased global macro-uncertainty, major currency fluctuations and higher interest rates; Potential economic impact and disruption of global pandemics; War or other geopolitical conflicts, disruptions and potential costs thereof; Other macroeconomic, industry and competitive developments; Timing and value of new, renewed and existing patent licensing agreements with smartphone vendors, automotive companies, consumer electronics companies and other licensees; Results in brand and technology licensing; costs to protect and enforce our intellectual property rights; on-going litigation with respect to licensing and regulatory landscape for patent licensing; The outcomes of on-going and potential disputes and litigation; Timing of completions and acceptances of certain projects; Our product and regional mix; Uncertainty in forecasting income tax expenses and cash outflows, over the long-term, as they are also subject to possible changes due to business mix, the timing of patent licensing cash flow and changes in tax legislation, including potential tax reforms in various countries and OECD initiatives; Our ability to utilize our US and Finnish deferred tax assets and their recognition on our balance sheet; Our ability to meet our sustainability and other ESG targets, including our targets relating to greenhouse gas emissions; as well as the risk factors specified under Forward-looking statements of this release, and our 2022 annual report on Form 20-F published on 2 March 2023 under Operating and financial review and prospects-Risk factors.

Forward-looking statements:
Certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia’s current expectations and views of future developments and include statements regarding: A) expectations, plans, benefits or outlook related to our strategies, product launches, growth management, sustainability and other ESG targets, operational key performance indicators and decisions on market exits; B) expectations, plans or benefits related to future performance of our businesses (including the expected impact, timing and duration of potential global pandemics and the general macroeconomic conditions on our businesses, our supply chain and our customers’ businesses) and any future dividends and other distributions of profit; C) expectations and targets regarding financial performance and results of operations, including market share, prices, net sales, income, margins, cash flows, the timing of receivables, operating expenses, provisions, impairments, taxes, currency exchange rates, hedging, investment funds, inflation, product cost reductions, competitiveness, revenue generation in any specific region, and licensing income and payments, including our ability to realize revenue under this agreement and the agreement’s expected impact on Nokia Technologies’s annual royalty run rate; D) ability to execute, expectations, plans or benefits related to changes in organizational structure and operating model, including our ability to perform under this agreement; E) impact on revenue with respect to litigation/renewal discussions and F) any statements preceded by or including “continue”, “believe”, “commit”, “estimate”, “expect”, “aim”, “influence”, “will” or similar expressions. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from such statements. These statements are based on management’s best assumptions and beliefs in light of the information currently available to them. These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Factors, including risks and uncertainties that could cause these differences, include those risks and uncertainties identified in the Risk Factors above.

Inquiries:
Nokia Communications
Phone: +358 10 448 4900
Email: press.services@nokia.com
Tom Johnson, Head of Press Office

Nokia
Investor Relations
Phone: +358 40 803 4080
Email: investor.relations@nokia.com

Nexusguard’s DDoS Statistical Report for 2022 Indicates Global Shift in Attack Landscape

SINGAPORE – Media OutReach – 4 July 2023 – In 2022, the total number of distributed denial of service (DDoS) attacks worldwide increased by 115.1% over the amount observed in 2021, according to new research from Nexusguard released in its DDoS Statistical Report for 2022. The data also showed that cyber attackers continued to alter their threat vectors by targeting the application platforms, online databases, and cloud-based storage systems within Internet Service Providers (ISPs). This resulted in a significantly greater impact globally as organizations continue to move more of their workloads to the cloud.

While the overall number of DDoS attacks did more than double, the maximum size of 361.9 gigabits per second (Gbps) represented a 48.2% decrease over those measured in 2021. Average attack size also shrank by 22.4%.

The majority of DDoS threats (85.6%) in 2022 were single-vector attacks, which is almost identical to the percentage seen in 2021. UDP- (user datagram protocol) based and TCP- (transmission control protocol) based attacks were the most popular attacks by type, accounting for 72.5% and 23.0% respectively. Other key findings include:

• The top three DDoS attack vectors were NTP (network time protocol) amplification, memcached, and UDP attacks.
• UDP based attacks increased 121.3% year-over-year (YoY). TCP based and other attacks also grew significantly.
• Amplification attacks grew by 414.6% YoY.
• Application attacks saw enormous growth, increasing by 718.1% YoY.

“Although DDoS attack size dropped in 2022, we saw a significant jump in the overall number of attacks, making the need for greater awareness and vigilance more essential today,” said Juniman Kasman, chief technology officer of Nexusguard. “Cyber attackers also continue to target critical infrastructure within ASN-level Communications Service Providers (CSPs), especially ISPs, which results in an incredibly far-reaching effect as the organizations relying on those providers are also negatively impacted.”

With DDoS activities on the rise in Latin America, Nexusguard will launch a new DDoS scrubbing center in São Paulo, Brazil in July. The new center will provide comprehensive protection for local network operators and enterprises against DDoS attacks, mitigating the growing threat of cyber attacks in the region. The scrubbing center will also power Nexusguard Bastions, a managed DDoS protection service designed for businesses dealing with the impacts triggered by cyber attacks or seeking to add advanced cybersecurity capabilities to their product portfolio.

Read Nexusguard’s DDoS Statistical Report for 2022 which provides comprehensive research around the shift in the global DDoS threat landscape. This annual report by Nexusguard examined the increases in DDoS attacks between 2021 and 2022, including single-target network layer attacks and multi-thread application attacks.

About Nexusguard

Founded in 2008, Nexusguard is a leading cloud-based distributed denial of service (DDoS) security solution provider fighting malicious internet attacks. Nexusguard ensures uninterrupted internet service, visibility, optimization and performance. Nexusguard is focused on developing and providing the best cybersecurity solution for every client across a range of industries with specific business and technical requirements. Nexusguard also enables communications service providers to deliver DDoS protection solutions as a service. Nexusguard delivers on its promise to provide you with peace of mind by countering threats and ensuring maximum uptime. Visit www.nexusguard.com for more information.

Benjamin Yip

Nexusguard

Head of Marketing

Benjamin.Yip@Nexusguard.com

Unique boutique fitness concept in Abu Dhabi a catalyst for transformation for many

 ABU DHABI, UAE – Media OutReach – 4 July 2023 – Since opening its doors a year ago, FIRE Fit has been making waves in the UAE’s fitness scene, training hundreds of clients and helping them change their lives through fitness. The boutique fitness studio offers a variety of classes designed to help individuals achieve their fitness goals and has been gaining popularity among fitness enthusiasts given its unique approach to results-driven fitness programming, attention to detail, and personalised care.

One of FIRE Fit’s most popular classes is FORCE, a powerful 45-minute strength training class which has helped many beginners get into weights training. Led by experienced FIRE Rockstar trainers who provide hands-on guidance, FIRE Fans can control the intensity of the class by choosing their weight options and see their progress as they gradually move on to heavier weights.

Reminiscing about the early days of FIRE Fit Abu Dhabi, co-owner Sandy Abou Samra said, “Looking back on a lot of our Fans’ first day at FIRE Fit, they were nervous, out of shape, couldn’t finish their first class and hated their bodies. One year on, they’ve become regulars, they’re in great shape, they’re super confident, and they guide and reassure newbies at the gym. They lift heavier than the trainers and feel great about their bodies… these Fans are the ones who can truly say that they’ve been ‘forged by FIRE.’ We’re really encouraged and inspired by their progress, and that’s what keeps us and our Rockstar trainers motivated to give our best every single day.”

In addition to FORCE, among the other FIRE Signature classes available at FIRE Fit Abu Dhabi are:

• STRIKE: Fight club meets night club. It’s all the power of old school kickboxing, drilled and skilled in a high-energy, high intensity group atmosphere. So tick off that cardio workout and FIRE off that stress relief in just one 45-minute session. Each participant works on their own bag for the entire session with both bag data and heart rate performance feedback.
• REVOLUTION: Ignite a real change with FIRE Revolution. We’ve tailored this 45-minute high-intensity programme to help you spark your FIRE with 3 fiery boosts. First off, the tech. At Revolution, you’ll work out with our smart fitness reader that accurately tracks your heart rate and your progress. Secondly, no class is ever the same. Each time you show up, it’s a different workout to get you fired up. Lastly, you’re never alone. REVOLUTION is all about the community, grinding and sweating together. With a combo like that, there’s no doubt you’ll have a blazing time.

All the classes offer a supportive and safe environment for individuals of all fitness levels to improve their strength, stamina, and overall health. “One of the key elements that set FIRE FIT apart from other boutique fitness studios is the personalised care each Fan receives,” continued Sandy. “Every trainer makes sure to know each fan’s name, their goals, movement limitations, and injuries. This attention to detail has helped Fans achieve their goals safely and effectively while avoiding any potential injuries.”

Besides the physical benefits, FIRE Fit has also become a place to foster community and build friendships as regulars who have formed friendships in the gym now also meet outside of the gym for activities. This sense of community has created a supportive and motivating environment that keeps people coming back for more.

“We are thrilled with the success of FIRE FIT over the past year,” said FIRE Fit Abu Dhabi’s other co-owner, Hadeel Al Zabalawy. “Our goal was to create a fitness studio that was not only effective but also personalised and welcoming. We are so happy to see that we have achieved that goal, and we look forward to continuing to help more people achieve their fitness goals in the years to come.”

FIRE Fit’s debut in Abu Dhabi is a result of a licensing agreement between Evolution Wellness Group

(Evolution Wellness), Asia’s leading fitness and wellness group, and Messrs. Abou Samra & Al Zabalawy. The agreement provides exclusive rights to open FIRE FIT boutique gyms throughout Abu Dhabi, beginning with the initial development of a flagship location on Reem Island.

Find FIRE Fit at Marina Square, Reem Island, or check out https://bit.ly/FIREFitUAE for more information.

To start your own FIRE or learn more about the FIRE Fit licensing programme, please visit https://bit.ly/FIREFitInvest2023.

About FIRE Fit

FIRE Fit aspires to be the world’s hottest boutique gym brand whose workouts promise to fire you up so you can take on life’s challenges with guns blazing. Our inspiring Rockstar trainers deliver some of the most innovative fitness class experiences within a boutique gym environment in the market today, designed to forge, sculpt and shape everybody.

About Evolution Wellness Group

Established in 2017, Evolution Wellness is Asia’s leading health and wellness group with a vision to build a comprehensive wellness ecosystem. Its diverse portfolio of highly complementary brands spans the spectrum of fitness offerings from high value low price (HVLP), to full service and premium boutique gyms, virtual fitness, connected fitness, wellness and a subscription-based SaaS membership management system. Besides its core business as owner and operator of Asia’s largest network of wholly- owned fitness clubs, Evolution Wellness also offers an attractive licensing programme for its HVLP brand GoFit and premium boutique brand FIRE Fitness, joint venture opportunities and management consultancy for its wellness brand, Fivelements. For more information about Evolution Wellness, portfolio brands, and services, please visit www.evolutionwellness.com.

Media contacts

For more information about FIRE Fit Abu Dhabi, please contact: Force.management@firefitstudios.ae.

Fore more information about FIRE Fit or Evolution Wellness Group, please contact: Jill.Tan@evolutionwellness.com.