Avanci Announces New Patent License Agreements with Audi and Porsche

Porsche AG and Audi AG Become Licensees of the Avanci Marketplace, Obtaining a License to Essential Patented Technology for Present and Future Connected Cars.

Today, Avanci announced it has signed patent license agreements with Audi and Porsche. Both companies will use Avanci’s open marketplace to obtain licenses to the patented wireless technology of many different patent owners. The licenses granted by Avanci include all 2G, 3G, and 4G essential patents owned by twenty-four different patent owners. In addition, the licenses will include all essential patents owned by other companies that join Avanci in the future.

“Our agreements with Audi and Porsche demonstrate our focus on streamlining patent licensing through the Avanci marketplace,” said Kasim Alfalahi, founder and chief executive officer of Avanci. “Ultimately, we’re focused on a better way forward, helping ensure continued investments in the Internet of Things, and providing an efficient licensing process while reducing risks and transactional costs for all involved. We are very pleased to have two market leaders such as Audi and Porsche receive the benefits that the Avanci marketplace provides and look forward to adding more patent owners and licensees to the marketplace in the future.”

About Avanci

Avanci has a vision that sharing technology, on a broad scale for the Internet of Things industry, can be simpler. Our connected world is evolving quickly – and we want to help it all happen even faster. Our one-stop solution keeps the success of the ecosystem squarely in sight, bringing convenience and predictability to the technology licensing process. In our marketplace, those with essential patents can share their innovations, and companies creating connected products for the Internet of Things can access the patented wireless technology they need to be successful – in one place, with one agreement and for one fair, flat rate. Founded in 2016, Avanci is headquartered in Dallas. For more information about Avanci, please visit http://www.avanci.com.

 

PRESS CONTACT:
Alexandra Elliott
Director of Marketing & Communications
media@avanci.com

 

 

The Avanci Licensing Platform for Connected Cars and IoT Continues to Grow Rapidly, Adding Fujitsu Limited, Innovative Sonic and NTT as New Patent Owners

DALLAS, TEXAS — Avanci, today, announced the addition of three new patent owners — Fujitsu Limited, Innovative Sonic, and Nippon Telegraph and Telephone Corporation (NTT) — to its licensing platform, bringing the total number of patent owners on the Avanci licensing platform to 24. The three companies own patent portfolios comprising a multitude of standard essential patents that allow mobile devices to connect to the internet and enable mobile communications spanning 2G, 3G, and 4G, technologies.

“We are excited to have Fujitsu, Innovative Sonic and NTT join the Avanci platform,” said Kasim Alfalahi, founder and chief executive officer of Avanci. “With the addition of our newest patent owners, Avanci is continuing to drive value for IoT licensees by offering license rights at a fair, flat rate that will not increase over the term of the license, even as the number of patent owners in our platform continues to grow.”

The Avanci platform simplifies the way companies share technology by licensing intellectual property from many different patent holders in a single transaction. By streamlining the technology sharing process, Avanci is accelerating the growth of the Internet of Things by providing IoT manufacturers with an efficient and transparent way to access the wireless technology needed to bring their products online.

About Avanci

Avanci has a vision that sharing technology, on a broad scale for the Internet of Things industry, can be simpler. Our connected world is evolving quickly – and we want to help it all happen even faster. Our one-stop solution keeps the success of the ecosystem squarely in sight, bringing convenience and predictability to the technology licensing process. In our new marketplace, those with essential patents can share their innovations, and companies creating connected products for the Internet of Things can access the patented wireless technology they need to be successful – in one place, with one agreement and for one fair, flat rate. Founded in 2016, Avanci is headquartered in Dallas. For more information about Avanci, please visit http://www.avanci.com.

 

Contact:
Luke McLeroy
Senior Vice President — Business Development
Avanci
media@avanci.com