Avanci Expands Its Patent License Agreements With Volkswagen

Avanci announced that Volkswagen AG has expanded its existing relationship
with the Avanci one-stop licensing marketplace to include 4G standard
essential patents (SEPs).

“Volkswagen has been a valued Avanci licensee since 2019, and we are very
pleased to have expanded our relationship to license Volkswagen 4G connected
vehicles under the essential patents of the 49 patent owners participating
in the Avanci marketplace”

“Volkswagen has been a valued Avanci licensee since 2019, and we are very
pleased to have expanded our relationship to license Volkswagen 4G connected
vehicles under the essential patents of the 49 patent owners participating
in the Avanci marketplace,” said Kasim Alfalahi, Founder and Chief Executive
Officer of Avanci.

Avanci’s truly independent marketplace has transformed the way companies
share technology by licensing intellectual property from many different
patent holders in a single transaction, at low, fixed rates, paid once for
the lifetime of the vehicle. By streamlining the technology sharing process,
Avanci provides automotive manufacturers with an efficient and transparent
way to access the wireless technology needed to bring their products online.

About Avanci:

Avanci believes that sharing patented technology in the Internet of Things
era can be simpler. As an independent intermediary working at the
intersection of different industries, our one-stop solution is designed to
bring efficiency, convenience, and predictability to the licensing process.
Since 2016, Avanci has been driving innovation forward by making connections
through our marketplace. Companies with essential patents share their
innovations with companies creating connected products for the IoT in one
place, with one agreement, and for one fair, flat rate. In 2020, the World
Economic Forum named Avanci a Technology Pioneer for its work in
accelerating innovation for the Internet of Things.

www.avanci.com