MPEG LA, based in Denver, Colorado and Chevy Chase, Maryland, is the world’s leading provider of one-stop licenses for standards and other technology platforms. It pioneered the modern-day patent pool helping to produce the most widely used standards in consumer electronics history. Today MPEG LA operates licensing programs consisting of more than 11,000 patents in 80 countries with some 200 patent holders and 6000 licensees.
By bringing together key patents of many different parties and licensing them to everyone on the same terms in a single transparent license, the MPEG LA model gives technology users access to valuable intellectual property, freedom to operate, reduced litigation risk and predictability in their business planning process. In turn it enables inventors, research institutions and other technology owners to monetize and speed market adoption of their assets to a worldwide market while substantially reducing the cost of licensing.
MPEG LA is developing pools to do for the battery industry what it has done for consumer electronics.
“The battery industry is in a period of rapid technology development. As abundant as the foreseeable opportunities are, so are the risks. The MPEG LA battery pool will speed commercial success by giving battery developers access to intellectual property they need while rewarding property owners for their inventions,” said Daniel Abraham, vice president of science and business strategy at MPEG LA.
MPEG LA invites NY-BEST members to participate in its battery technology initiative that seeks to provide access to key battery technologies, accelerate new product development, reduce risk, lower transaction costs, reward inventors, and deliver the benefits of innovation more rapidly to consumers.