Nokia now part of Avanci Licensing Platform; provides 2G, 3G and 4G standard-essential patents from 20 companies

Avanci announced on Thursday that Nokia has joined its licensing platform. As the twentieth patent owner to participate in the Avanci marketplace, Nokia brings one of the most extensive portfolios of essential 2G, 3G and 4G patents into Avanci’s one-stop solution for IoT manufacturers.

Avanci’s licensing platform has now grown four-fold from five patent owners at its launch to the 20 patent owners that currently participate. Avanci looks forward to welcoming further companies to the marketplace that are either seeking to add connectivity to their IoT products or seeking to share their standard-essential wireless patents.

With over 26 billion devices estimated to connect by the year 2020, the internet of things and wireless technology is fueling an entirely new economy of products – creating opportunities for manufacturers that were never possible before. Many of the thousands of manufacturers entering the connected device space don’t have previous experience in licensing wireless technology – so it can be difficult for them to know what patents are needed and what’s a fair price.

Avanci makes that process easy. Its one-stop marketplace allows manufacturers to receive a license to the patented essential wireless technology needed for their connected product, with one conversation and for one fair, flat rate – helping bring new products online faster and accelerating growth of the Internet of Things.

An Avanci license includes essential patents owned by the licensors who have joined our marketplace. The Avanci license covers essential 2G, 3G and 4G patent portfolio that these innovators own, as well as any such patents they develop or acquire during the term of the license.

Headquartered in Dallas, Avanci has a vision of sharing technology, on a broad scale for the internet of things industry, can be simpler. As the connected world is evolving quickly, the one-stop solution keeps the success of the ecosystem squarely in sight, bringing convenience and predictability to the technology licensing process.

In the 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.

Avanci shares a commitment with the IoT ecosystem to make the latest technology available in a way that is fair, reasonable and non-discriminatory (FRAND). This industry principle ensures that those using the technology in their IoT products have access at terms that are aligned with their needs, and those creating wireless technology receive a fair return on their investment.

As new patent owners join the Avanci marketplace, the royalty rates will remain the same even though the number of patents licensed grows. Which means there is no reason for manufacturers to delay taking a license, as the value of the license is likely to only increase as more patent owners come on board.

“Our vision has always been to create a one-stop marketplace for IoT manufacturers and wireless patent owners that enables more efficient technology sharing and streamlined innovation,” said Kasim Alfalahi, founder and chief executive officer of Avanci. “With Nokia joining the Avanci platform, we have truly realized that vision as Avanci now offers a license covering a vast majority of the world’s cellular standard essential patents and we are proud to have their trust in our model.”

“In discussions with the automotive industry, they have underscored the need to simplify the licensing process,” said Jenni Lukander, senior vice president and head of Patent Business at Nokia. “With Nokia joining the Avanci platform, they now have more choice in taking a license to cover our portfolio of 2G, 3G and 4G standard essential cellular patents.”

 


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