OPPO Joins Avanci Licensing Platform
Avanci has announced that OPPO has joined its licensing platform, bringing the number of patent owners on the platform to 38, including several Chinese companies. Avanci’s one-stop marketplace offers a license to the vast majority of 2G, 3G and 4G cellular standard essential patents for Internet of Things products and connected vehicles, through a single agreement with a transparent, fixed price royalty.
Kasim Alfalahi, founder and chief executive officer of Avanci, said: “We are delighted to welcome OPPO, a smartphone industry leader, to the Avanci platform. Through our platform, we enable companies such as OPPO to earn a reasonable return on their R&D investments, through an efficient marketplace that balances the interests of patent owners and licensees around the world, and enables continued innovation.”
Adler Feng, senior director of intellectual property at OPPO, said: "OPPO has always been committed to promoting the healthy development of the industry. We are willing to license OPPO's essential patent portfolio to the industry based on fair, reasonable and non-discriminatory (FRAND) terms. We are pleased to offer our 3G and 4G communications standard essential patents for licensing through Avanci to IoT and automotive manufacturers."
Avanci’s one-stop marketplace has transformed the way companies share technology by licensing intellectual property from many different patent holders in a single transaction. By streamlining the technology sharing process, Avanci is accelerating the growth of the Internet of Things by providing automotive and IoT manufacturers with an efficient and transparent way to access the wireless technology needed to bring their products online. Fourteen automotive brands are already licensed through Avanci for their connected vehicles.