Ericsson establishes industry patent licensing platform for IoT
04 February 2016 - 1:00AM
- Creation of an independent industry patent
licensing platform for Internet of Things (IoT), intended to be an
efficient market place for vertical businesses' technology
licensing needs
- Platform to license on behalf of the joining
patent holders, aiming to simplify access to standardized
technology
- Adds to Ericsson's existing IPR & Licensing
business strategy, expanding go to market opportunities
Ericsson (NASDAQ:ERIC) today announced an
initiative to accelerate the development of Internet of Things
(IoT) by establishing a platform for licensing of standardized
technology to device manufacturers, spanning from autonomous cars
to irrigation sensors. The platform, operated by an independent
company, will adopt a revenue sharing model for contributing
companies and receive a mandate to license on behalf of the joining
patent holders, aiming to simplify access to standardized
technology.
This will be an additional go to market model for
Ericsson, continuing to build on its IPR & Licensing business
strategy to secure a fair return on its R&D
investment. Ericsson will make its patents for relevant
technologies available through the platform.
The intention of the platform is to be an
efficient market place for vertical businesses' technology
licensing needs, with flat per unit licensing fees for the various
verticals that reflect how much of the connectivity technology a
device uses. Companies can incorporate years of R&D and
innovation in their business models by getting access to essential
technology and leverage on the global network. This will enable
them to reduce time to market and reach scale faster.
The new platform will be headed by Kasim Alfalahi,
who will leave his current role as Chief Intellectual Property
Officer and Head of IPR & Licensing at Ericsson.
Alfalahi says: "We are initiating this market
place following discussions with both wireless industry players and
key players in industry verticals. This platform shows Ericsson's
and my personal commitment to provide a solution that works to the
benefit of all parts of the ecosystem."
According to the latest edition of Ericsson
Mobility Report, around 28 billion connected devices are expected
by 2021, of which 15 billion will be connected machine to machine
and consumer electronics devices.
Hans Vestberg, President and CEO, Ericsson, says:
"Under Kasim's leadership Ericsson has established a leading
position in the IPR licensing market. As more and more industries
embrace connectivity and the Internet of Things, it is crucial that
essential technology is accessible and that innovators continue to
get fair returns on R&D investments. With his experience Kasim
is the right person to drive this exciting new opportunity to
accelerate market development."
NOTES TO EDITORS
Read more about Ericsson Patents &
Licensing
For media kits, backgrounders and high-resolution
photos, please visit www.ericsson.com/press
Ericsson is the driving force
behind the Networked Society - a world leader in communications
technology and services. Our long-term relationships with every
major telecom operator in the world allow people, business and
society to fulfill their potential and create a more sustainable
future.
Our services, software and
infrastructure - especially in mobility, broadband and the
cloud - are enabling the telecom industry and
other sectors to do better business, increase efficiency, improve
the user experience and capture new opportunities.
With approximately 115,000
professionals and customers in 180 countries, we combine global scale with technology and services
leadership. We support networks that connect more than 2.5 billion
subscribers. Forty percent of the world's mobile traffic is carried
over Ericsson networks. And our investments in research and
development ensure that our solutions - and our customers - stay in
front.
Founded in 1876, Ericsson has its
headquarters in Stockholm, Sweden. Net sales in 2015 were SEK 246.9 billion (USD 29.4 billion). Ericsson is
listed on NASDAQ OMX stock exchange in Stockholm and the NASDAQ in
New York.
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FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Communications
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Ericsson establishes industry
patent licensing platform for IoT
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Source: Ericsson via Globenewswire
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