Avanci Licensing Marketplace Grows to 31 Patent Owners
DALLAS–(BUSINESS WIRE)–Avanci announced the addition of Orange, one of the world’s leading telecommunications operators, to its licensing platform bringing the total number of patent owners participating in the platform to 31. Orange’s cellular standard essential patents will now be available through Avanci’s one-stop marketplace.
“Orange’s participation – along with the participation of eight more network operators in seven countries — demonstrates Avanci’s shared commitment with the telecom industry to simplify the patent licensing process for the automotive industry and make standardized technology more widely available,” said Kasim Alfalahi, founder and chief executive officer of Avanci. “Our one-stop marketplace is transforming the licensing landscape by providing a solution that balances the interests of patent owners and automotive licensees. This makes licensing more efficient, increases transparency, fosters continued innovation, and streamlines technology sharing for everyone involved.”
“Joining the Avanci licensing platform illustrates our desire to value all our investments, intellectual property included. In the development of 5G technologies to the closest industrial applications and their ecosystems, connected cars areas and IoT are among the most promising,” said Lyse Brillouet, VP Intellectual Property and Licensing of Orange.
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.
Director of Marketing & Communications