- August 19, 2022
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Avanci, a leader in licensing cellular technology patents for the Internet of Things, has recently announced a new patent license agreement with Volvo Cars. This agreement marks an important milestone for both companies as they continue to grow and innovate in the automotive industry.
As part of the agreement, Volvo Cars will have access to a comprehensive portfolio of cellular standard-essential patents (SEPs) from leading technology companies around the world. This will enable the car manufacturer to bring new connected car technologies to the market while ensuring that they are adhering to global industry standards for cellular communication.
This agreement is particularly significant because it comes at a time when the automotive industry is undergoing a major transformation. With the rise of electric and autonomous vehicles, the need for innovative connectivity solutions is greater than ever before. Avanci`s expertise in licensing cellular SEPs allows the company to play a critical role in this transformation, providing automotive companies like Volvo with the technology they need to stay ahead.
Avanci CEO Kasim Alfalahi noted that “Volvo Cars has always been at the forefront of innovation in the automotive industry, and we are thrilled to be working with them as they continue to push the boundaries of what is possible. Our licensing platform provides the critical link between creators of IoT technologies and the companies that want to use them, and we look forward to continuing to enable cutting-edge innovation in the automotive space and beyond.”
The announcement of this agreement comes on the heels of several other major deals for Avanci, including agreements with BMW, Porsche, and Audi. These deals underscore the growing recognition of Avanci`s unique value proposition in the IoT and automotive industries, and position the company for continued growth and success in the years to come.
As the IoT and automotive industries continue to evolve, companies like Avanci will play an increasingly important role in facilitating innovation and ensuring that global standards for connectivity are met. With its expertise in licensing cellular SEPs and its commitment to driving innovation across multiple industries, Avanci is well positioned to continue leading the charge in this dynamic and rapidly changing field.