InterDigital Joins Avanci IoT Licensing Platform
14 September 2016 - 10:30PM
InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and
development company, today announced that it has joined Avanci, the
industry’s first marketplace for the licensing of cellular
standards-essential technology for the Internet of Things (IoT).
The licensing platform brings together some of InterDigital’s peers
in standards-essential technology leadership, and makes 2G, 3G and
4G standards-essential patents available to IoT players in specific
product segments with one flat-rate license.
“Avanci is a significant step forward in providing access to
standards-essential patents for this new market, which is projected
to see dramatic expansion in the next few years,” said Lawrence F.
Shay, Senior Executive Vice President, Future Wireless, at
InterDigital, Inc. “Avanci brings a leadership team with a long
track record of success and provides access to a portfolio of
technologies from some of the leaders in mobile R&D, offering
licensees simplicity and tremendous value.”
The Avanci licensing programs in specific product segments for
the IoT industry will provide access to the entire applicable
standards-essential wireless patent portfolios held by all of the
platform participants, as well as any additions to their portfolios
during the term of the license. InterDigital is pleased to
participate in Avanci’s initial licensing program that will include
automobiles and smart meters covering 2G, 3G and 4G
standards-essential cellular technologies – technologies where
InterDigital is an acknowledged global leader.
“Joining Avanci will provide a strong vehicle for licensing of
the IoT, and will layer nicely over our existing core licensing
program addressing handsets and other connected devices like
tablets and laptops,” said William J. Merritt, President and CEO of
InterDigital. “With a broader licensing program and our goals with
regard to our oneMPOWER™ and wot.io™ technology solutions,
InterDigital is continuing to execute on its strong core business
while exploring new avenues for growth.”
About InterDigital®
InterDigital develops mobile technologies that are at the core
of devices, networks, and services worldwide. We solve many of the
industry's most critical and complex technical challenges,
inventing solutions for more efficient broadband networks and a
richer multimedia experience years ahead of market deployment.
InterDigital has licenses and strategic relationships with many of
the world's leading wireless companies. Founded in 1972,
InterDigital is listed on NASDAQ and is included in the S&P
MidCap 400® index.
InterDigital is a registered trademark of InterDigital, Inc.
oneMPOWER and wot.io are trademarks of InterDigital, Inc.
For more information, visit: www.interdigital.com.
InterDigital Contact:
Patrick Van de Wille
Email: patrick.vandewille@interdigital.com
+1 (858) 210-481
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