Avanci, the one-stop platform for licensing wireless technologies for the Internet of Things (IoT) launches its 5G automotive licensing program. This important step comes as the auto industry works to develop the next generation of connected vehicles, ensuring that this technology can be shared efficiently and affordably.
5G connectivity will deliver significant value to the automotive sector, building on the use of previous standards in connected vehicles. This program, part of Avanci’s new 5G IoT platform, will enable patent owners and IoT and automotive companies to share 5G standard essential wireless patents in a single license.
The 5G platform builds on the unprecedented success of the Avanci marketplace, which transformed the licensing landscape by licensing the vast majority of the 2G, 3G, and 4G cellular essential patents in a single agreement at fixed, fair and transparent rates. Avanci is now the go-to global licensing platform for connected vehicles and other IoT devices, spanning 38 patent owners and with 14 automotive brands as licensees.
Avanci will now begin discussions with IoT device manufacturers, the auto industry and patent owners about streamlining the patent licensing process for 5G connected devices, as it has done for the previous technologies.