DUBLIN--(BUSINESS WIRE)--Sep 18, 2023--
Avanci, the independent global leader in joint licensing solutions, today announced that BMW Group, a world leading manufacturer of premium automobiles, has signed an Avanci 5G Vehicle license, covering the group’s BMW, MINI and Rolls-Royce brands.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230918445508/en/
Avanci 5G Vehicle launched in August 2023 to simplify licensing of cellular technologies for next generation connected vehicles. (Graphic: Avanci)
The Avanci 5G Vehicle program provides a license to patented technologies essential for 5G, 4G, 3G and 2G connectivity, including cellular vehicle-to-everything (C-V2X) which enables vehicles to directly communicate with other vehicles, cyclists, pedestrians, and transportation infrastructure. The program, launched in August 2023, already includes 61 participating licensors, together responsible for the vast majority of essential cellular technologies.
Kasim Alfalahi, founder and CEO at Avanci, said: “Back in 2017, BMW was the first OEM to believe in the Avanci 4G Vehicle program. Now, continuing their pioneering approach, BMW is one of the leaders in launching 5G connected cars. We are delighted to welcome them to Avanci 5G Vehicle, continuing our long relationship, and we thank them for their ongoing trust and confidence in Avanci and our efficient and transparent one-stop solutions.”
This new Avanci program builds on the success of Avanci 4G Vehicle. More than 130 million connected vehicles on the world’s roads from more than 80 automotive brands are covered by an Avanci 4G Vehicle license.
Avanci was created with a vision of transforming how technology is shared. We ensure that the work of thousands of inventors around the world is recognized and rewarded. At the same time, by simplifying technology access, we enable companies to build exciting new products that are improving the lives of people across the globe, every day.
Details of the Avanci 5G Vehicle program, with participants and terms including early adopter pricing for licensees, can be found at avanci.com/5Gvehicle.
About Avanci
Avanci believes that sharing patented technology can be simpler. An independent, global intermediary not owned or controlled by licensors or licensees, Avanci works at the intersection of different industries. Our one-stop solutions are designed to bring efficiency, convenience, and predictability to the licensing process. Since 2016, Avanci has been driving innovation forward by making connections through our licensing platforms. Avanci is proud to be a part of the World Economic Forum’s Global Innovators Community.
www.avanci.com
View source version on businesswire.com:https://www.businesswire.com/news/home/20230918445508/en/
CONTACT: Mark Durrant
Vice President, Marketing & Communications
media@avanci.com
+1 (469) 480-2558 / +44 7875 276867
KEYWORD: IRELAND EUROPE
INDUSTRY KEYWORD: CARRIERS AND SERVICES VEHICLE TECHNOLOGY MOBILE/WIRELESS NETWORKS INTERNET CONSUMER ELECTRONICS IOT (INTERNET OF THINGS) GENERAL AUTOMOTIVE TECHNOLOGY AUTOMOTIVE 5G AUDIO/VIDEO TELECOMMUNICATIONS
SOURCE: Avanci
Copyright Business Wire 2023.
PUB: 09/18/2023 09:00 AM/DISC: 09/18/2023 08:59 AM
http://www.businesswire.com/news/home/20230918445508/en
