“If a supplier participates in LOT Network, it shows that they’re concerned about the patent troll problem and are committed to working against it. It elevates the level of trust we have with that supplier and reduces […]
“Our company is a member of LOT Network…Community cooperation has benefits for automakers and suppliers alike. Reducing what we spend on PAE litigation means that we can put those funds toward innovation.”
“Conversely, patent trolls will not want to waste their resources going head-to-head with a warrior. Take Lee Cheng at Newegg, a lawyer who has earned a fierce reputation for fighting patent assertion claims to the death in […]
“This solves a very real problem at a low cost,” said Ramsey Homsany, general counsel of Dropbox, one of LOT’s founding companies. “It doesn’t matter how big or small your company is, at some point you […]
MarineTraffic, the world’s most trusted AIS vessel tracking service has joined the Licence on Transfer (LOT) Network.
The LOT Network was formed to promote innovation by reducing the risk of litigation from Patent Assertion Entities (PAEs), also known as Patent Trolls. The LOT Network […]
“It’s difficult to predict which companies will fail, sell patents to a troll, or exactly when you might be a PAE target,” said Michael Cunningham, Executive Vice President and General Counsel of Red Hat, Inc. “By reducing the […]
“… patent trolls cost the U.S. economy more than US$80 billion a year. And Spangenberg has certainly gotten his fair share of that money in his pursuits. But the LOT Network could put a stop to that over time.”
Beaverton, OR—April 1, 2015—LOT Network Inc., an international patent network that is proactively addressing the risks of patent assertion entities (PAEs) and patent privateering, today announced that its Board of Directors had appointed Ken Seddon as its first Chief Executive Officer.
“LOT Network has created an innovative product that can reduce the risk […]
The License on Transfer (LOT) Network, an open, royalty-free, patent-licensing program designed to reduce patent litigation and the growing practice of patent privateering, today announced that GitHub, Khan Academy, Pure Storage, Red Hat, SAS, and SolarCity have joined Asana, Canon, Dropbox, Google, Newegg and SAP as members.
Patent litigation reached an all-time peak last year, […]