- Avanci’s existing marketplace today includes 38 patent licensors and 14 licensees for 2G, 3G and 4G technologies
- This program is a part of Avanci’s new 5G IoT platform enabling IoT and automotive companies to share 5G standard essential wireless patents in as single license
- The 5G automotive program was also reviewed by the U.S. Department of Justice (DoJ) Antitrust Division
According to a report, wireless tech firm Avanci introduced its 5G automotive licensing program. This step was launched since the auto industry works to develop the next generation of connected vehicle. This program would enable patent owners and IoT and automative companies to share 5G essential wireless patents in a single license.
The 5G platform builds on the unprecedented success of the Avanci marketplace, which transformed the licensing landscape by licensing the vast majority of the 2G,3G and 4G cellular essential patents in a single agreement at fixed, fair and transparent rates. Currently, Avanci is now the go-to global licensing platform for connected vehicle and other IoT devices, spanning 38 patent owners and with 14 automative brands as licensees.
5G IoT platform
The 5G automotive program was revised by the U.S Department of Justice (DoJ) Antitrust Division. Kasim Alfalahi, founder and CEO of Avanci said “Through our one-stop Avanci marketplace we have licensed the vast majority of cellular standard-essential patents to millions of connected products. As we begin operating our first 5G licensing program for connected vehicles, we will continue to transform how patent licensing is done.”