Avanci Partners with BMWDecember 11, 2017 3:20 pm Leave your thoughts
Avanci has signed a patent license agreement with BMW Group to provide them access to the essential wireless technology of many different telecommunication and patent holding companies for telematics in their vehicles.
“Our agreement with BMW Group and its supplier demonstrates our commitment to finding a common ground between the different industries that must cooperate together in the Internet of Things,” said Kasim Alfalahi, founder and chief executive officer of Avanci. “Ultimately, we’re committed to provide a simpler way to handle licensing in the IoT space by taking into account both patent owners’ and IoT device manufacturers’ business models to increase certainty, reduce risk and streamline technology sharing for all involved.”
As part of Avanci’s mission to streamline patent licensing for the Internet of Things, it provides license rights to 2G, 3G and 4G essential patents at a fair, flat rate that is the same for all vehicles regardless of the price and the number of telematics units installed.
Categorised in: Business
This post was written by Telematics Talk Staff