PalmSource announces LG Electronics as new to Palm OS licensee

Korean based LG Electronics, Inc. and PalmSource Inc. agreed on terms for licensing the Palm OS worldwide. Under terms of the agreement, LG Electronics can now start developing and marketing smartphones based on Palm OS.

"LG Electronics is pleased to have entered into this agreement with PalmSource," said Skott Ahn, executive vice president of LG Electronics, Inc. "The flexible, open and powerful nature of Palm OS is an ideal match for our industry leading mobile handsets. We believe our customers will appreciate the new Palm Powered phones we will develop and distribute."