Avanci was set up as a one-stop shop for access to patents for use in connected cars, charging $15 per vehicle for patented inventions needed to comply with 2G, 3G, and 4G standards. Almost 50 patent owners are part of the licensing platform.
Ford is the fifth US-based automaker to take a license from Avanci. It follows
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.