Via Licensing Corporation announced the creation of a defensive patent bank, a wholly-owned entity “that provides a defensive aggregation solution” in connection with the company’s Long Term Evolution (LTE) patent pool offering.
“Creating a defensive patent bank to support the patent pool allows us to offer further value to the wireless industry and reduce barriers to innovation,” said Joe Siino, President of Via Licensing Corporation.
Via’s new patent bank serves as a resource for collecting rights to LTE patents that might otherwise pose a risk for licensees, and providing licenses to these assets through Via’s LTE Patent Pool at no extra cost to licensees.
All licensees in Via’s patent pool receive licenses to the relevant patents.
“With the introduction of its new defensive patent bank, Via continues to be a leader in promoting the LTE ecosystem, fostering technological advances, and making the licensing process easier and more transparent for everyone,” said Ira Blumberg, Vice President, Intellectual Property, Lenovo.
Professor Robert Merges, a patent pool expert and professor of law at the University of California, Berkeley, said: “What Via is doing here is quite innovative.
“They are combining the benefits of a traditional patent pool, which are very significant, with a form of risk reduction in the area of patent litigation.
“By taking unaffiliated patents ‘out of circulation’ they make life easier for pool members.”
Products and services that use LTE technologies include smartphones, tablet and laptop computers, the Internet of Things (IoT), and automobiles.