“Now a who’s who of technology, automobile and other companies has banded together in a novel approach seeking to thwart patent trolls. LOT Network counts Google, Canon, Dropbox, Ford Motor Co., GitHub, JP Morgan Chase, Pandora, Pure […]
“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, […]
Asana, Canon, Dropbox, Google, Newegg and SAP Announce Formation of New Cooperative Patent-Licensing Agreement
Asana, Canon, Dropbox, Google, Newegg and SAP today announced the formation of the License on Transfer (LOT) Network, a cooperative patent-licensing agreement that will cut down on patent troll litigation and the growing practice of patent privateering.
Patent litigation reached an all-time peak last year, with more than 6,000 lawsuits filed. Most of those suits […]