#Spain #Barcelona #Fractus #POS technology #Antenna Licensing

Fractus Expands Licensing Program into the Point-of-Sale Sector

Fractus, a leading name in antenna technology and intellectual property (IP) licensing, has made waves in the technology space with the announcement of a new licensing agreement within the point-of-sale (POS) domain. This strategic move represents a key milestone that underscores not only the versatility of Fractus's technology but also its importance in the landscape of connected devices.

Originating from decades of research and development, Fractus is renowned for its ability to produce compact, reliable wireless devices through innovative antenna design. The agreement with a prominent POS provider within the United States shines a light on Fractus's potential to reshape payment terminal technology. Through cooperative licensing negotiations, Fractus enables manufacturers to easily integrate high-performance multiband connectivity without the burden of duplicating extensive research efforts.

Jordi Ilario, CEO of Fractus, highlighted the significance of this partnership, stating, "Scaling our technology in the POS market provides a natural extension of our mission to make connectivity available everywhere." This collaboration not only validates the robustness of Fractus's intellectual property but also accelerates their ongoing strategy to support manufacturers across various industries that rely on wireless communication.

What Are Point-of-Sale Terminals?

Point-of-sale terminals are crucial devices equipped with built-in card readers, utilized for authorizing electronic payments. From taxis to restaurants, these terminals are ubiquitous and have gained immense popularity due to their convenience and flexibility, allowing secure, instantaneous transactions without the need for fixed-line connections. As digital payment trends shift towards seamless, connected experiences, the demand for advanced POS solutions remains robust.

In 2023, global manufacturers shipped an impressive 121.8 million POS devices, which cover a range of types including countertop, multilane, handheld, and unattended systems. This colossal scale not only signals a thriving market but also illustrates a significant opportunity as payment processing transitions towards connected, software-driven solutions.

The Future of Wireless Connectivity

Fractus's advancements position it favorably in a rapidly evolving market where connectivity stands as a cornerstone of device functionality. The agreement to license its technology to recognized industry leaders implies a shift in how point-of-sale transactions will be conducted moving forward. As payments continue to migrate towards these smarter, more efficient terminals, Fractus is at the forefront of this transformation, providing solutions that prioritize both performance and reliability.

Fractus’s history as an innovator dates back to its pioneering work in applying advanced geometry and mathematics to antenna design. Today, their patented technology facilitates the use of high-performance, multiband antennas across smartphones, IoT devices, and a variety of connected health applications. With more than 40 patented inventions, Fractus exemplifies the potential of intellectual property that has made an indelible imprint on the technology landscape.

Recognition has followed this innovative path; Fractus has received numerous accolades, from being named a 2005 World Economic Forum Technology Pioneer to earning a spot as finalist for the European Inventor Award in 2014. In 2017, the company further solidified its reputation by winning the Europe's Inspiring Company Award from the London Stock Exchange Group.

As Fractus pushes into the POS segment, the implications are far-reaching. Not only are they enhancing their own reach but also empowering manufacturers to deliver better, more reliable payment solutions to customers. This agreement is a testament to the growing importance of connectivity in a hyper-digital world, and Fractus is poised to lead the charge.