Panasonic joins IP Open Access Declaration against COVID-19

Panasonic Corporation on Monday announced that it has joined the IP Open Access Declaration against COVID-19 and pledged not to seek any compensation nor assert any intellectual property rights, including patent, utility model, design and copyright against any individual or other entity with respect to the activities whose sole purpose is to stop the spread of COVID-19 during the time of this crisis.

Through the declaration, the company will contribute to stopping the spread of COVID-19 by promoting utilisation of its intellectual property rights by laboratories and enterprises across industries worldwide while allowing validity verification for certain technologies through collaboration upon prior written notice, it said in a statement.

Panasonic Corporation is a global leader developing innovative technologies and solutions for wide-ranging applications in the consumer electronics, housing, automotive, and B2B sectors.

The company, which celebrated its 100th anniversary in 2018, operates 528 subsidiaries and 72 associated compes worldwide and reported consolidated net sales of 7.49 trillion yen for the year ended March 31, 2020. Committed to pursuing new value through collaborative innovation, the company uses its technologies to create a better life and a better world for customers.

( With inputs from ANI )