Avanci, the one-stop platform for licensing wireless technologies for IoT, has introduced a new 5G automotive licensing program. Avanci’s important step comes as the auto industry works to develop the next generation of connected vehicles, ensuring that this technology can be shared efficiently and affordably. 5G connectivity will deliver significant value to the automotive sector, building on the use of previous standards in connected vehicles. This program, also part of Avanci's new 5G IoT platform, will enable patent owners and IoT and automotive companies to share 5G standard essential wireless patents in a single license.
The 5G platform builds on the unprecedented success of the Avanci marketplace, which transformed the licensing landscape by licensing the vast majority of the 2G, 3G, and 4G cellular essential patents in a single agreement at fixed, fair and transparent rates. Avanci is now the go-to global licensing platform for connected vehicles and other IoT devices, spanning 38 patent owners and with 14 automotive brands as licensees.
The 5G automotive program was reviewed by the U.S. Department of Justice (DoJ) Antitrust Division. In its Business Review Letter, published on July 28, Makan Delrahim, Assistant Attorney General for the Antitrust Division of the DoJ, said: "In sum, the proposed 5G Platform has the potential to yield efficiencies by reducing transaction costs and streamlining licensing for connected vehicles. Together these efficiencies may allow cellular standards-essential patent owners and vehicle manufacturers to focus resources elsewhere, such as investment in further research and development in emerging 5G technologies and applications. This possibility could enhance competition in these technologies, improve safety, and benefit American consumers."
Avanci will now begin discussions with IoT device manufacturers, the auto industry and patent owners about streamlining the patent licensing process for 5G connected devices, as it has done for the previous technologies. This news follows the World Economic Forum naming Avanci as a 2020 Technology Pioneer, its selection of early to growth-stage companies that are poised to have a significant impact on business and society.
Click here to know more about the 5G licensing program.
