Avanci announced the addition of three new patent owners — SK Telecom, ASUSTeK Computer, and Datang Mobile — to its licensing platform, bringing the total number of patent owners participating in the Avanci licensing platform to 28. The essential patent portfolios of these three companies, which include a multitude of 2G, 3G, and 4G standard essential patents, will now be available through Avanci’s one-stop marketplace.
“We are excited to have SK Telecom, ASUSTeK and Datang Mobile join the Avanci platform. The addition of these three new patent owners represents the continued adoption of Avanci’s one-stop marketplace in Asia and signals a real change in the licensing landscape,” said Kasim Alfalahi, founder and chief executive officer of Avanci. “Avanci is continuing to drive simplicity and value for IoT licensees by offering joint licenses 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.”
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.
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.