Avanci is a market leader in facilitating the sharing of advanced technologies. Reportedly, recently revealed that Samsung Electronics has become a licensor for several of its licensing programs. It comprises Avanci Vehicle 4G, Avanci Aftermarket, and Avanci Broadcast respectively.
Avanci has substantially transformed how companies share technologies. While allowing product manufacturers to accomplish patent technology from several companies and research institutes in a single transaction. This has been at fixed rates, which are to be paid once for the product’s lifetime. At the same time, the company model conveniently supports businesses to unlock the potential of technologies. The same is developed by thousands of inventors worldwide. In order to develop innovative new products for their customers.
Moving to the existing licensees of Avanci Vehicle 4G that stretch across more than 80 auto brands. This is now also licensed to the 4/3/2G standard essential patents (SEPs) of Samsung Electronics for their associated vehicles. As this increases the value of their license. Simultaneously, the company’s aftermarket licensees are covered for their after-market vehicle products.
In addition to this, it also lately come up with Avanci Broadcast. This is a one-stop licensing platform for the ATSC 3.0 television standard. On the other hand, Samsung Electronics was one of the major contributors to the development of that standard. It is also on the list of the initial licensors for the platform. On the aggregate, it combines represents more than 70% of all patent families. Thatcomprise patents proclaimed important for the ATSC 3.0 standard.
“We are delighted to welcome Samsung Electronics, a global leader in innovation and a long-term contributor to the development of standardized technologies, as an Avanci licensor,” said Kasim Alfalahi, Founder and Chief Executive Officer at Avanci.
Notably, Samsung Electronics is also the world’s biggest maker of televisions. Parallelly, it is also one of the initial licensees for Avanci Broadcast. This combination enables being responsible for the extensive majority of ATSC 3.0 televisions sold to date.
“This announcement reinforces the broad industry enthusiasm for the Avanci model and adds value for existing and future licensees at no additional cost to them. We look forward to working with Samsung Electronics and our other partners on efficient licensing solutions for today and in the future.”
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