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GoPro to license camera lenses and sensors to third party manufacturers

By Cookie Monster - on 23 Mar 2018, 12:00am

GoPro to license camera lenses and sensors to third party manufacturers

GoPro announced that it has inked a multi-year deal with Jabil to use its camera lens and sensors in third party devices. 

Under the terms of the agreement, Jabil will license GoPro's design and intellectual property for use in approved third-party devices. However, third-party cameras are not allowed under the agreement as they compete directly with GoPro's products. 

GoPro could see its technologies and parts being used in video conferencing solutions, robotics and self-driving cars. Jabil sees "early market feedback indicating strong demand in the enterprise action camera segment for applications in smart homes, military, fire, police, rescue, and security.”

This is the first time that GoPro is letting third party manufactures build products with its parts. Jabil is a US-based manufacturing firm that has 90 facilities in 23 countries. This move could help GoPro expand into a new market and recover from weak sales in the consumer camera devices segment.

GoPro recently confirmed with Reuters that it is open to a sale of the company although it is not active pursuing that path yet. It has reportedly laid off 200 to 300 staff from the drone division as part of the company's restructuring "to better align" resources with the business requirements. 

Source: TechCrunch

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