DALLAS--(BUSINESS WIRE)--Avanci announced that more than 100 million connected vehicles sold by more than 80 automotive brands are covered by an Avanci license, and that it predicts an additional 30-40 million connected vehicles to be licensed in the next year. Having licensed the majority of patented 2G, 3G, and 4G cellular technologies to the majority of the connected vehicle market, Avanci is the established industry solution for essential patent licensing in the automotive space.
“We are incredibly pleased with the overwhelming adoption of our solution across both the telecommunications and automotive industries,” said Kasim Alfalahi, founder and chief executive officer of Avanci. “This level of participation validates our long-standing commitment to offer a simple, predictable and efficient solution for the Internet of Things, benefiting new technology adoption. We look forward to making licensing simpler and more efficient for a wide range of companies, as we explore new programs for massive, critical, and industrial IoT.”
“We are grateful to all the participants in our automotive licensing program for joining our effort to create a new way to license patents. Our work to date is a strong foundation for building our planned program for 5G connected vehicles,” added Laurie Fitzgerald, Senior Vice President at Avanci.
The auto makers participating in Avanci’s licensing program for 4G connected vehicles benefit from a license to all the 2G, 3G, and 4G cellular standard essential patents of the 51 patent owners participating as licensors in the program today, as well as patent owners that join as licensors in the future. Many of the new brands under license can be found at avanci.com/marketplace.
Avanci has transformed the way companies share technology by licensing intellectual property from dozens of different patent owners in a single transaction, at fixed rates, paid once for the lifetime of the product. By streamlining the technology sharing process, Avanci provides IoT companies with an efficient and transparent way to access the wireless technology needed for connected products.
Avanci believes that sharing patented technology in the Internet of Things era can be simpler. As an independent intermediary working at the intersection of different industries, our one-stop solution is designed to bring efficiency, convenience, and predictability to the licensing process. Since 2016, Avanci has been driving innovation forward by making connections through our marketplace. Companies with essential patents share their innovations with companies creating connected products for the IoT in one place, with one agreement, and for one fair, flat rate. In 2020, the World Economic Forum named Avanci a Technology Pioneer for its work in accelerating innovation for the Internet of Things.
Note to Editors
Please see further announcements from Avanci today about new licensees at avanci.com/about/#li-news.