It’s an important time in the transportation industry as the consumer depends on technology to stay connected with their professional and social networks. This dependency is driving consumer electronics, connectivity, and information technologies rapidly to converge in automotive and other transportation industries. Automotive companies are finding the need to maintain access to a wide array of relevant patents, not traditionally available in the automotive space.
That’s why we are so pleased that Ford Motor Company signed a license agreement with Intellectual Ventures (IV). The deal provides Ford and its affiliates with a license to IV's patent portfolio of approximately 40,000 current IP assets in addition to future IV assets that may be acquired during the license term. IV offers an efficient way to access the invention rights companies need to drive innovation within the market.
IV provides a variety of solutions for companies looking to develop and enhance their intellectual property (IP) strategies and counts many of the world’s leading technology companies as customers and partners. Companies of all sizes rely on IV to meet their current business needs and to provide guidance on developing and acquiring invention rights relevant to their product roadmaps. In addition to traditional IP licensing deals, companies can work with IV's in-house inventors and its network of more than 4,000 inventors around the world to solve near-term technical issues and invent the technologies that will differentiate their next-generation products from the competition.