Chinese tech company OPPO announced earlier this month that it is granting licenses for its international 4G and 3G standard-essential patents to interested players in the Internet of Things (IoT) and automotive markets in partnership with popular patent licensing platform Avanci.
OPPO has always been at the forefront of Research and Development (R&D) initiatives. A recent report showed that the company filed for the second-highest patent application in China, just behind Huawei. The company’s huge investment in R&D has yielded several results reflected in the outstanding products and top-notch user experience derived from its products.
OPPO is said to have made over 43,000 patent applications as of February 29, 2020, with the company’s patent portfolio standing tall at 16,000. As the company shifts its focus to 5G, it is no surprise it is offering its global 3G and 4G essential patents for the IoT markets.
Avanci is a renowned patent licensing platform which can provide an all-in-one solution for IoT vendors to get access to important wireless communication technology.
The platform has already powered the licensing of fourteen automotive brands for their connected vehicles. Apart from OPPO, Avanci has a wide network of 38 standard-essential patent holders. The inclusion of OPPO’s patents is a reflection of Avanci’s growing strength when it comes to wireless communications patents.
Kasim Alfalahi, Founder and Chief Executive Officer of Avanci expressed the company’s delight to partner OPPO on the firm’s platform. He noted that Avanci enables companies to earn a reasonable return on their R&D investments by providing an efficient marketplace that creates a win-win situation for patent owners and licensees around the world.