The Internet of Things is at the doorstep of becoming one of the most important features of the 21st century, connecting all kind of objects and devices and establishing communication between a vast amount of devices and services. It unlocks an incredible value that benefits us all and everywhere.
The technologies unlocking this great potential are the result of continuous investment of effort, time, skill and money of a group of companies that took the risk to invest in innovation.
Instead of keeping the results of their R&D for themselves as trade secrets, these companies disclosed their inventions in patents and collaborated with other companies in the Cellular IoT (c-IoT) field to bring their technologies together in open standards. This enabled the wider industry to learn how to build c-IoT networks and c-IoT products, so that everyone across the globe could benefit from their knowledge and improving the lives of all.
In return, the innovators are entitled to ask for a fair and reasonable royalty from companies making products that implement their technology.
Innovation of open standards is an ecosystem, requiring a balance between innovation and implementation, investment and reward, each part contingent and dependent of each other.
By creating this patent pool, the participating Patent Owners have created a simple one-stop-shop offering a license to all their relevant Patents that are essential to implement the LTE-M and Narrowband IoT (NB-IoT) standards, replacing a multitude of discussions, license agreements, sales reporting obligations and invoices, with a single license, single reporting and single royalty payment. This single license is aimed to give implementers peace of mind to choose LTE-M and NB-IoT as their communication technology if they are believed to provide the best match with their product design and function - and not to make intellectual property conflicts a decisive factor. In turn, this will allow the industry the freedom it needs to grow.
Sisvel supports its partners in this patent pool by acting as an independent administrator, offering commercial solutions that work both for innovators and implementers and making sure the Patent Owners are fairly rewarded for their innovation while also facilitating technology adoption. This is Sisvel’s contribution to foster innovation.
For more details visit the License Terms page.