Sisvel International S.A. and RPX Corporation have announced entrance into a multi-faceted agreement that provides a license to a subset of RPX clients covering more than 500 patents that make up the Sisvel Wi-Fi Joint Licensing Program, the companies said.
The Sisvel Wi-Fi Joint Licensing program is a solution designed to license standard essential patents (SEPs) for Wi-Fi enabled devices under fair, reasonable, and non-discriminatory terms and conditions (FRAND). In addition to the assets in the Sisvel Wi-Fi Licensing Program, Sisvel has also licensed the subset of RPX members to approximately 200 non-essential Wi-Fi assets, owned by Sisvel´s subsidiary, Hera Wireless S.A.
In this transaction, Sisvel, a patent aggregator that brings together world-class patents from innovators, and RPX, an aggregator that constructs creative licensing solutions that enable its equally innovative clients to avoid or resolve patent disputes, came together to conclude a highly efficient transaction that benefits the entire market.
This transaction both provides adequate returns for innovators and simple, effective, and cost-efficient access to IP rights for the implementers. This is the first time that RPX has concluded a risk clearance patent transaction with a patent pool administrator.
The patents in the transaction are owned by Orange S.A., Fraunhofer IIS, Koninklijke KPN N.V., Columbia University, Hera Wireless S.A., Enact IP S.A., Aegis 11 S.A. In addition to the existing patent owners, Mitsubishi Electric Corp. joined this transaction and will now become a patent owner in the Sisvel Wi-Fi Joint Licensing Program.
RPX Corporation is the provider of patent risk and discovery management solutions. Since its founding in 2008, RPX has introduced efficiency to the patent market by providing a rational alternative to litigation. The San Francisco-based company´s pioneering approach combines principal capital, deep patent expertise, and client contributions to generate enhanced patent buying power. By acquiring patents and patent rights, RPX helps to mitigate and manage patent risk for its growing client network.
Sisvel International is the holding company of the Sisvel Group. Sisvel is a world provider of managing intellectual property and maximizing the value of patent rights. Founded in 1982, the Sisvel Group is global in scope and reach, with companies in Italy, the United States, Hong Kong, Japan, Germany, Luxembourg, and the United Kingdom, leveraging on professionals with technical, legal, and licensing expertise.