Case 1:22-cv-22706-RNS Document 176-14 Entered on FLSD Docket 05/06/2023 Page 1 of 5
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`EXHIBIT 14
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`Case 1:22-cv-22706-RNS Document 176-14 Entered on FLSD Docket 05/06/2023 Page 2 of 5
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`HMD global Founded to Create New Generation of
`Nokia-branded Mobile Phones and Tablets
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`NEWS PROVIDED BY
`HMD global
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`May 18, 2016, 05:00 ET
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`HELSINKI, Finland, May 18, 2016 /PRNewswire/ --
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`Nokia-branded mobile phones and tablets are set to return to the global consumer market, created by a new company, HMD
`global Oy ("HMD"). HMD has been founded to provide a focused, independent home for a full range of Nokia-branded mobile
`phones and tablets.  
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`HMD has signed a strategic licensing agreement with Nokia Technologies, the advanced technology and licensing unit of
`Nokia Corporation, giving HMD sole use of the Nokia brand on mobile phones and tablets worldwide for the next decade, and
`cellular standard essential patent licenses.
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`HMD intends to leverage and grow Nokia's global brand reach, delivering beautifully designed, high quality products to
`people all over the world in line with Nokia's brand promise. HMD intends to invest over USD 500 million over the next three
`years to support the global marketing of Nokia-branded mobile phones and tablets, funded via its investors and prots from
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`the acquired feature phone business.
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`To complete its portfolio of Nokia branding rights, HMD has conditionally agreed to acquire from Microsoft the rights to use
`the "Nokia" trademark on feature phones until 2024, and design rights relating to Microsoft's Feature Phone Business. This
`transaction is expected to close in H2 2016. Together, these agreements will make HMD the sole global licensee for all types of
`Nokia-branded mobile phones and tablets.
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`The remainder of Microsoft's feature phone business assets, including its Hanoi manufacturing facility, and global distribution,
`fullment and supply chain networks, will conditionally be acquired by FIH Mobile Limited ("FIH"), a subsidiary of Hon Hai
`Precision Industries (trading as Foxconn Technology Group). HMD has signed an agreement with FIH and Nokia Technologies
`to establish, on closing of the Microsoft transactions, a collaboration framework to support the building of a global business
`for Nokia-branded mobile phones and tablets. This agreement will give HMD full operational control over sales, marketing
`and distribution of its Nokia-branded devices, with exclusive access to the pre-eminent global sales and distribution network
`to be acquired by FIH from Microsoft, as well as access to FIH's world-leading device manufacturing and engineering
`capabilities, and its growing suite of proprietary mobile technologies and components.
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`HMD is entering the global handset market at a time when consumers demand their mobile devices be part of a strong
`ecosystem that brings a compelling user experience delivered at a competitive price. HMD plans for its future Nokia-branded
`smartphones and tablets to run on the Android operating system, uniting one of the world's iconic mobile brands with the
`leading mobile software and app development community.
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`HMD will be managed by an experienced group of mobile industry leaders. Arto Nummela, who previously held senior
`positions with Nokia and is currently the head of Microsoft's Mobile Devices business for Greater Asia, Middle East and Africa
`as well as Microsoft's global Feature Phones business, will serve as CEO on closing of the Microsoft transaction. HMD's
`President on closing will be Florian Seiche, currently Senior Vice President for Europe Sales and Marketing at Microsoft
`Mobile, who previously held leadership roles at Nokia, HTC and other global brands.
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`Arto Nummela, CEO of HMD global, said:
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`"We will be completely focused on creating a unied range of Nokia-branded mobile phones and tablets, which we know
`will resonate with consumers. Branding has become a critical differentiator in mobile phones, which is why our business
`model is centered on the unique asset of the Nokia brand, and our extensive experience in sales and marketing. We will
`work with world class manufacturing and distribution providers to move quickly and deliver what customers want."  
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`Ramzi Haidamus, president of Nokia Technologies, said:
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`"Today marks the beginning of an exciting new chapter for the Nokia brand in an industry where Nokia remains a truly
`iconic name. Instead of Nokia returning to manufacturing mobile phones itself, HMD plans to produce mobile phones and
`tablets that can leverage and grow the value of the Nokia brand in global markets. Working with HMD and FIH will let us
`participate in one of the largest consumer electronics markets in the world while staying true to our licensing business
`model." 
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`Vincent Tong, Chairman of FIH, added:
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`"We are looking forward to fostering a strong and long-term collaboration with HMD global and Nokia. We are impressed
`by the experience and expertise of the HMD management team and are committed to supporting them with our
`manufacturing, technology and supply chain capabilities, to capture market opportunities together in the future." 
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`Subject to receipt of all necessary regulatory approvals the transaction between HMD and Microsoft is anticipated to close in
`the second half of 2016. HMD will make further announcements about its plans and product roadmaps in due course.
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`Registered and headquartered in Helsinki, Finland, HMD is owned by Smart Connect LP, a private equity fund managed by
`Case 1:22-cv-22706-RNS Document 176-14 Entered on FLSD Docket 05/06/2023 Page 5 of 5
`Jean-Francois Baril, a former Nokia executive, as well as by HMD management. The Board of HMD will consist of ve members,
`including one representative from Nokia.
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`About HMD global 
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`Registered and headquartered in Helsinki, Finland, HMD is a new private venture founded to create a new generation of
`Nokia-branded mobile devices. HMD will be run by a group of experienced industry leaders, including CEO-designate Arto
`Nummela, who previously held senior roles at Nokia and is currently the head of Microsoft's Mobile Devices business for
`Greater Asia, Middle East and Africa as well as Microsoft's global Feature Phones business, and president-designate Florian
`Seiche, who is currently Senior Vice President for Europe Sales and Marketing at Microsoft Mobile, and previously held key
`roles at Nokia, HTC and other global brands. http://www.hmdglobal.com
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`About FIH Mobile Ltd 
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`FIH MOBILE LIMITED (HKEx Stock Code: 2038), a member of HON HAI/FOXCONN Technology Group, is a vertically integrated
`services provider for the mobile device industry worldwide. It provides a full range of solutions to its customers in connection
`with end-to-end mobile devices business.
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`SOURCE HMD global
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