DALLAS–(BUSINESS WIRE)–Avanci announced the addition of Acer, Hewlett Packard Enterprise, Intellectual Discovery and Longhorn IP to its licensing platform bringing the total number of patent owners participating in the platform to 35. The complete cellular standard essential patent portfolios of these four companies, which include many 2G, 3G, and 4G standard essential patents, will now be available through Avanci’s one-stop marketplace. Avanci’s platform can now offer a license to the vast majority of cellular standard essential patents for the Internet of Things products in a single agreement.
“The addition of these four new patent owners to the Avanci platform solidifies Avanci as a one-stop licensing solution for the Internet of Things and the automotive industry,” said Kasim Alfalahi, founder and chief executive officer of Avanci. “We have transformed the licensing landscape by licensing the vast majority of the 2G, 3G, and 4G cellular essential patents in a single agreement. Avanci is streamlining the way companies share technology, providing an efficient solution that balances the interests of patent owners and IoT licensees, and fostering continued innovation.”
Avanci’s one-stop marketplace 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.