• By The Financial District

Avanci Expands Patent License Agreements With Volkswagen

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

Photo Insert: Avanci’s independent marketplace has transformed the way companies share technology.

“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.

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