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Dallas, United States:
Today, Avanci introduced that it has signed patent license agreements with Hyundai Motor Company and Kia Corporation, growing the whole variety of automotive manufacturers licensed by way of Avanci to 45. Connected automobiles from the Genesis, Hyundai and Kia manufacturers obtain licenses to the 2G, 3G, and 4G important patents of the 50 licensors that take part in Avanci’s automotive licensing program at this time, in addition to others that be a part of as licensors sooner or later.
This press launch options multimedia. View the total launch right here: https://www.businesswire.com/news/home/20220823005088/en/
Avanci’s unbiased market has remodeled the best way firms share know-how. (Graphic: Avanci)
“We are delighted to welcome Hyundai and Kia, South Korean automakers and together one of the world’s largest providers of mobility solutions, as Avanci licensees,” mentioned Kasim Alfalahi, founder and chief government officer of Avanci. “These agreements represent significant growth for Avanci and show our commitment to offering simple, predictable, and efficient licensing solutions for the automotive industry.”
Avanci has remodeled the best way firms share know-how by licensing mental property from many alternative patent holders in a single transaction, at fastened charges, paid as soon as for the lifetime of the car. By streamlining the know-how sharing course of, Avanci supplies automotive producers with an environment friendly and clear strategy to entry the wi-fi know-how wanted for his or her related automobiles. Tens of tens of millions of related automobiles on the world’s roads are licensed by way of Avanci.
About Avanci
Avanci believes that sharing patented know-how within the Internet of Things period may be easier. As an unbiased middleman working on the intersection of various industries, our one-stop answer is designed to convey effectivity, comfort, and predictability to the licensing course of. Since 2016, Avanci has been driving innovation ahead by making connections by way of our market. Companies with important patents share their improvements with firms creating related merchandise for the IoT in a single place, with one settlement, and for one honest, flat charge. In 2020, the World Economic Forum named Avanci a Technology Pioneer for its work in accelerating innovation for the Internet of Things.
View supply model on businesswire.com: https://www.businesswire.com/news/home/20220823005088/en/
