PatentBooks Inc. and GlobalAutoIndustry.com have signed a strategic partnership agreement to offer the Autonomous Vehicle PatentBooks, the world’s first autonomous patent licensing platform that democratizes patent licensing via the sharing economy, to automotive industry OEMs and suppliers worldwide. The Autonomous Vehicle PatentBook allows patent owners to profitably license their patents to the entire autonomous and connected vehicle industry while simultaneously offering innovators the opportunity to license all the industry’s patents for easy monthly subscription payments.
“PatentBooks are revolutionary and much needed. We believe the platform will minimize time to market and increase income for all OEMs and suppliers since they avoid the upcoming patent wars in the autonomous and connected car technology areas worldwide,” said GlobalAutoIndustry.com President and CEO Ron Hesse. “Automotive companies across the globe are investing billions into new technology. The PatentBooks patent licensing platform creates the most sensible solution for both patent owners and licensees.”
“Soon we will announce a major autonomous vehicle company becoming the first Autonomous Vehicle PatentBooks publisher and subscriber. By publishing all their relevant patents, and by subscribing to the Autonomous Vehicle PatentBook, this company fully embraces open innovation by efficiently licensing key technologies invented elsewhere, and will earn a completely new income stream for themselves. This company led autonomous and connected car development and will lead again in autonomous patent licensing via the Autonomous Vehicle PatentBooks,” said Art Nutter, founder and chairman of PatentBooks Inc. “We are thrilled to be partnering with GlobalAutoIndustry.com, a leader in the global automotive industry, to gain access to their large global automotive network.”
Key Benefits of PatentBooks include the following:
Aggregate Patents – Organized by product
Subscribing to the Autonomous Vehicle PatentBook provides a single patent licensing source with transparent, predictable access to the IP you need to get your product to market – eliminating expensive, draining and distracting lawsuits.
One Click License – For patent owners and users
Patent owners publish their patents to the Autonomous Vehicle PatentBook PatentBooks for free, and are guaranteed to receive new revenue from subscribed patent users. Patent users subscribe to all patents in the Autonomous Vehicle PatentBook with easy monthly subscription payments.
Payments by Value – Comprehensive monetization
The Autonomous Vehicle PatentBook massively reduces costs and enables faster autonomous vehicle launches, the two companies say. Patent owners and product innovators both enjoy shorter paths to profit. PatentBooks pay patents by their value, continuously judged by industry experts using transparent metrics.
Sharing Economy – Leverage
Patents are fully described inventions released into the public domain to benefit human society. Innovators scour the globe for new patents to build into their products and services. The Autonomous Vehicle PatentBooks autonomously licenses all relevant patents to innovators for easy predictable costs, and simultaneously compensate patent owners fairly, allowing human society and cultures to grow via the sharing economy.