“We are excited to have SK Telecom, ASUSTeK and Datang Mobile join the Avanci platform. The addition of these three new patent owners represents the continued adoption of Avanci’s one-stop marketplace in Asia and signals a real change in the licensing landscape,” said Kasim Alfalahi, founder and chief executive officer of Avanci. “Avanci is continuing to drive simplicity and value for IoT licensees by offering joint licenses at a fair, flat rate that will not increase over the term of the license, even as the number of patent owners in our platform continues to grow.”

Avanci’s one-stop marketplace simplifies the way companies share technology by licensing intellectual property from many different patent holders in a single transaction. By streamlining the technology sharing process, Avanci is accelerating the growth of the Internet of Things by providing IoT manufacturers with an efficient and transparent way to access the wireless technology needed to bring their products online.