Avanci Signs New Patent License Agreements With Volkswagen Group Companies

Volkswagen, Bentley, MAN, Scania, Seat and Skoda Become Licensees of the Avanci Marketplace, Obtaining a License to Essential Patented Technology for Connected Cars

Today, Avanci announced that it has signed patent license agreements with Volkswagen Group companies Volkswagen, Bentley, MAN, Scania, Seat and Skoda. These companies will use Avanci’s open marketplace to obtain licenses to the patented wireless technology of many different patent owners. In addition, the licenses will include patents owned by other companies that join Avanci in the future.

“We are very pleased to have Volkswagen AG, one of the world’s leading automobile manufacturers and the largest carmaker in Europe, along with Bentley, MAN, Scania, Seat and Skoda as licensees,” said Kasim Alfalahi, founder and chief executive officer of Avanci. “These agreements demonstrate our focus on streamlining patent licensing through the Avanci marketplace and provide strong momentum as we add more licensees and licensors in the future. Ultimately, we’re focused ensuring continued investments in the Internet of Things, providing an efficient licensing process, and reducing risks, complexity, and transactional costs for all involved.”

Simple and efficient: that's Avanci

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