Sisvel will license its global portfolio of standard essential
patents through Avanci’s marketplace
DALLAS–(BUSINESS WIRE)–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.
About Avanci
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.
About Sisvel
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.
Contacts
Alexandra Elliott
Director of Marketing & Communications
Avanci
[email protected]
Giulia Dini
Communications Manager
Sisvel
[email protected]
