Avanci announced that it has signed a patent license agreement with Volvo Cars, increasing the total number of auto brands licensed through the Avanci marketplace to 14, the company said.
By signing an agreement with Avanci, Volvo Cars receives licenses to the 2G, 3G, and 4G essential patents of the 36 patent owners that participate in the marketplace today, as well as patent owners that join Avanci in the future.
Avanci´s one-stop marketplace simplifies the way automotive companies provide connectivity by including license rights to the vast majority of cellular standard essential patents in a single agreement. By streamlining the process, Avanci is accelerating the growth of the Internet of Things by providing manufacturers of IoT products with an efficient and transparent way to access the wireless technology needed to bring their products and services to customers worldwide.
Avanci has a vision that sharing technology, on a broad scale for the Internet of Things industry, can be simpler. Founded in 2016, Avanci is headquartered in Dallas. For more information about Avanci, visit http://www.avanci.com.