Ericsson establishes industry patent licensing platform for IoT
(Thomson Reuters ONE) -
* Creation of an independent industry patent licensing platform for Internet
of Things (IoT), intended to be an efficient market place for vertical
businesses' technology licensing needs
* Platform to license on behalf of the joining patent holders, aiming to
simplify access to standardized technology
* Adds to Ericsson's existing IPR & Licensing business strategy, expanding go
to market opportunities
Ericsson (NASDAQ:ERIC) today announced an initiative to accelerate the
development of Internet of Things (IoT) by establishing a platform for licensing
of standardized technology to device manufacturers, spanning from autonomous
cars to irrigation sensors. The platform, operated by an independent company,
will adopt a revenue sharing model for contributing companies and receive a
mandate to license on behalf of the joining patent holders, aiming to simplify
access to standardized technology.
This will be an additional go to market model for Ericsson, continuing to build
on its IPR & Licensing business strategy to secure a fair return on its R&D
investment. Ericsson will make its patents for relevant technologies available
through the platform.
The intention of the platform is to be an efficient market place for vertical
businesses' technology licensing needs, with flat per unit licensing fees for
the various verticals that reflect how much of the connectivity technology a
device uses. Companies can incorporate years of R&D and innovation in their
business models by getting access to essential technology and leverage on the
global network. This will enable them to reduce time to market and reach scale
faster.
The new platform will be headed by Kasim Alfalahi, who will leave his current
role as Chief Intellectual Property Officer and Head of IPR & Licensing at
Ericsson.
Alfalahi says: "We are initiating this market place following discussions with
both wireless industry players and key players in industry verticals. This
platform shows Ericsson's and my personal commitment to provide a solution that
works to the benefit of all parts of the ecosystem."
According to the latest edition of Ericsson Mobility Report, around 28 billion
connected devices are expected by 2021, of which 15 billion will be connected
machine to machine and consumer electronics devices.
Hans Vestberg, President and CEO, Ericsson, says: "Under Kasim's leadership
Ericsson has established a leading position in the IPR licensing market. 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 drive this exciting new opportunity to accelerate market development."
NOTES TO EDITORS
Read more about Ericsson Patents & Licensing
For media kits, backgrounders and high-resolution photos, please visit
www.ericsson.com/press
Ericsson is the driving force behind the Networked Society - a world leader in
communications technology and services. Our long-term relationships with every
major telecom operator in the world allow people, business and society to
fulfill their potential and create a more sustainable future.
Our services, software and infrastructure - especially in mobility, broadband
and the cloud - are enabling the telecom industry and other sectors to do better
business, increase efficiency, improve the user experience and capture new
opportunities.
With approximately 115,000 professionals and customers in 180 countries, we
combine global scale with technology and services leadership. We support
networks that connect more than 2.5 billion subscribers. Forty percent of the
world's mobile traffic is carried over Ericsson networks. And our investments in
research and development ensure that our solutions - and our customers - stay in
front.
Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales
in 2015 were SEK 246.9 billion (USD 29.4 billion). Ericsson is listed on NASDAQ
OMX stock exchange in Stockholm and the NASDAQ in New York.
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FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Communications
Phone: +46 10 719 69 92
E-mail: media.relations(at)ericsson.com
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E-mail: investor.relations(at)ericsson.com
Ericsson establishes industry patent licensing platform for IoT:
http://hugin.info/1061/R/1983359/726850.pdf
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Source: Ericsson via GlobeNewswire
[HUG#1983359]
Unternehmensinformation / Kurzprofil:
Datum: 03.02.2016 - 15:00 Uhr
Sprache: Deutsch
News-ID 448421
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