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

Fractus Expands Licensing Program into Point-of-Sale Sector

Fractus, known for its innovative advancements in antenna technology and intellectual property (IP) licensing, has unveiled a new licensing agreement with one of the top five point-of-sale (POS) system providers in the United States. This agreement is a significant milestone that broadens Fractus's reach across various industries and underscores the pivotal role of its technology in an extensive range of connected devices.

With decades of research and development in antenna technology and a robust patent portfolio, Fractus enables the creation of compact and reliable wireless devices. This partnership allows their innovations to seamlessly integrate into payment terminals via efficient licensing negotiations. By implementing a fair and dependable licensing approach, manufacturers can incorporate powerful multi-band connectivity into their devices and systems without needing to replicate years of research.

Jordi Ilario, CEO of Fractus, commented on this development, stating, "Expanding our technology within the POS market is a natural progression of our mission to provide connectivity everywhere. This agreement with an American industry leader reflects the strength of our intellectual property and accelerates our strategy to support manufacturers in every product category that relies on wireless communication."

POS terminals, which include embedded card readers designed to authorize electronic payments, have become ubiquitous across various sectors including taxis, restaurants, and ticketing systems. The convenience and flexibility offered by the elimination of wired connections have made these devices a favored option for secure and always-available transactions.

The demand within the POS ecosystem remains robust, with manufacturers shipping over 121.8 million POS terminals globally in 2023. This staggering figure includes countertop, multi-terminal systems, as well as portable and unattended devices for both mobile and fixed use. This scale indicates the vast opportunities arising from the transition of payment processes towards connected, software-defined terminals.

Fractus has consistently been at the forefront of applying advanced geometry and mathematics in antenna design. The company’s patented innovations facilitate the development of compact, high-performance multi-band antennas that find applications in smartphones, IoT devices, network infrastructures, and connected health applications. Currently, Fractus boasts a portfolio of more than 40 patented inventions and has licensed its technology to numerous leading companies globally. Notable achievements include being recognized as a "Technology Pioneer" by the World Economic Forum in 2005 and having its inventors as finalists for the European Inventor Award in 2014, as well as receiving the "European Inspiring Company Award" from the London Stock Exchange Group in 2017.

This new agreement represents both an opportunity for significant market penetration within the POS sector and a chance for manufacturers to leverage Fractus's proven technology, thereby fostering innovation in payment solutions. As the landscape of payment technology evolves, Fractus's role as a key technology provider is set to expand, further solidifying its reputation within the industry.

This venture not only highlights Fractus's commitment to enhancing connectivity through advanced antenna solutions but also reflects a broader trend towards integrating cutting-edge technology in everyday transactions, paving the way for a more connected and efficient payment landscape.