World News: 11:00 GMT Wednesday 15th May 2019. [Avanci via Businesswire via SPi World News]
Sisvel and Avanci announced that on March 24 Sisvel joined Avanci in licensing the automotive market, enabling Avanci’s licensing platform to grow to 25 licensors and to streamline licensing, both for Avanci’s recent automotive licensees and future licensees. This collaboration is taking place for 2G, 3G, and 4G essential patents to the automotive industry; Sisvel will license its owned global portfolio of 2G, 3G and 4G standard essential patents to the automotive market through Avanci’s marketplace. With the addition of Sisvel, Avanci’s licensing platform is providing an ever more efficient, one-stop solution to obtain a license to the wireless technology needed for the growing market for connected cars.
“The agreement with Sisvel demonstrates our continued commitment to finding collaborative solutions to make standardized technology more widely available and make licensing simpler and more predictable for the automotive market,” said Kasim Alfalahi, founder and chief executive officer of Avanci. “Ultimately, we’re transforming the way licensing is done by providing a one-stop marketplace to handle licensing in the automotive space that balances the interests of patent owners and car manufacturers. This makes licensing more efficient, reduces risk, increases transparency and streamlines technology sharing for everyone involved.”
“Sisvel is committed to finding efficient forms of intermediation in the markets for technology,” said Mattia Fogliacco, CEO of Sisvel. “We recently created a wholly new form of intermediation for the field Wi-Fi, and now, looking at the automotive market, which is asymmetric compared to the rest of the mobile communication industry, we believe that joining Avanci for this product category will help in reducing the friction in licensing transactions, while bringing well-deserved compensation to the innovators.”
Sisvel Group’s owned entire portfolio of 2G, 3G, and 4G essential patents is now included in all licenses Avanci has granted to date to automobile manufacturers, and will be included in future licenses offered through the Avanci marketplace.
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.
Sisvel International S.A. is the holding company of the Sisvel Group. Sisvel is a world leader in managing intellectual property and maximizing the value of patent rights. Founded in 1982, the Sisvel Group is global in scope and reach, with companies in Italy, the United States, Hong Kong, Japan, Germany, Luxembourg, and the United Kingdom, leveraging on professionals with technical, legal, and licensing expertise. Sisvel has a long history of managing successful patent portfolios including those related to the audio compression standards known as MP3 and MPEG Audio. Sisvel currently operates patent pools and joint licensing programs for the DVB-T2, DVB-S2X, MCP, LTE/LTE-A, 3G, Wi-Fi and Recommendation Engine, together with its Sisvel Wireless licensing program and DSL licensing program.
Business Wire: 11:00 GMT Wednesday 15th May 2019
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