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Ericsson Launches New Patent Licensing Platform for Standardized IoT Technology
FREMONT, CA: Swedish Information and Communication Technology (ICT) firm, Ericsson, has recently launched an initiative for the development of Internet of Things (IoT). With this initiative Ericsson will establish a platform for licensing standardized technology in order to simplify access for device manufacturers. The platform will be operated by an independent party with a mandate to license on the behalf of partner companies, and will also follow a revenue sharing model for partnering organizations.
This licensing system will aim at IoT devices to be covered by necessary patent licenses and leverage the benefits of global cellular coverage with flat per unit licensing fees for a range of verticals. The platform will help clients to improve R&D process and scale faster output in the market. The new platform will be headed by Kasim Alfalahi, who is currently serving as Intellectual Property Officer and Head of IPR & Licensing at Ericsson.
This recent initiative will promote rapid adoption for a range of verticals, and will keep markets competitive in providing better option for the clients. The platform expands Ericsson’s go-to market strategy around patent licensure. "We are initiating this platform following our discussions with both wireless industry players and key players in industry verticals. This platform shows Ericsson's commitment to provide a solution that works to the benefit of all parts of the ecosystem," says Kasim Alfalahi, Chief Intellectual Property Officer and Head of IPR and Licensing, Ericsson.
The IoT based domain will further enhance predictability for patent licensing on IoT devices and will create clear, industry-wide structure for IoT devices with a primary function wireless connectivity. The latest study from Ericsson Mobility Report has predicted that, by 2021 there will be around 28 bn. connected devices, of which 15 bn. will be in machine to machine and consumer electronic devices connection.
"As more and more industries embrace connectivity and the Internet of Things, it is crucial that essential technology is accessible and that innovators continue to get fair returns on R&D investments. With his experience Kasim is the right person to accelerate market development," says Hans Vestberg, President and CEO, Ericsson.