Avanci, the privately-held patent licensing company founded and run by CEO Kasim Alfalali, the former chief intellectual property officer of Ericsson SA, said today it has launched the first marketplace for licensing patented wireless technology to the Internet of Things (IoT).
Dallas-based Avanci, which was formed in February, said it is bringing together standard-essential wireless patents from industry leaders including Ericsson, Qualcomm, InterDigital, KPN and ZTE, and making them available with a single license to IoT device manufacturers who are adding connectivity to their products.
With billions of connected devices coming online each year, the Internet of Things is enabling an entirely new economy of products. For the many manufacturers entering the IoT space, it can be cumbersome to determine which patent licenses are needed to enable connectivity and what is a fair price. Avanci streamlines this process by offering a single license to patents owned by many companies on fair, reasonable, and non-discriminatory (FRAND) terms. Companies can expect a transparent, flat-rate price for each device that will vary based on the value the technology brings to the device.
“With Avanci, something that would require time and resources to negotiate with many technology holders can now be done in one place, with one license, allowing IoT manufacturing companies access to the most advanced wireless technology in the world while they focus on bringing new products to the market,” Alfalahi said in a statement.
The company said the new, open platform will accelerate the process of securing technology rights and time to market for IoT devices that are connecting our world like never before. Companies seeking to add connectivity to their new products and companies with a portfolio of standard-essential wireless patents to share can join the new marketplace.
Avanci said it will initially focus its licensing efforts on 2G, 3G and 4G cellular technologies for connected cars and smart meters with plans to quickly expand to other IoT product areas. The Avanci license for the IoT industry provides access to the entire standard-essential cellular patent portfolio from companies participating. The license will cover patents these companies own today, as well as any such patents that they may develop or acquire during the term of the license.
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