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

Fractus Expands into the Point-of-Sale Market

Barcelona-based Fractus, recognized as a leader in antenna technology and intellectual property licensing, recently disclosed a significant new licensing partnership with one of the top five point-of-sale (POS) providers in the United States. This marks a pivotal point for Fractus as it broadens its reach across various industry sectors and emphasizes the critical role its innovative technology plays in enhancing connectivity for a diverse range of connected devices.

With decades of dedicated research and development in antenna technology backing its operations, Fractus offers solutions tailored for compact and reliable wireless device design. The company’s latest agreement optimally enhances payment terminals, driven by efficient licensing negotiations that eliminate the need for companies to undertake extensive research and development themselves. By providing fair and predictable licensing terms, manufacturers can seamlessly integrate high-performance multiband connectivity into their products and systems.

Jordi Ilario, CEO of Fractus, expressed enthusiasm for this expansion, stating, "The extension of our technology into the POS market is a natural progression of our mission to ensure connectivity is accessible everywhere. This agreement with a major American industry leader validates the strength of our intellectual property and propels our strategy of assisting manufacturers across all product categories reliant on wireless communication."

POS terminals are electronic devices equipped with card readers that facilitate electronic payment authorizations. These terminals are ubiquitous, commonly found in taxis, restaurants, and airline ticketing systems, which illustrate their significance in modern transactional environments. The convenience and flexibility afforded by their wireless nature have made these devices popular solutions for ensuring secure and instantaneous transactions.

The demand for POS devices continues to surge within the overall POS ecosystem, with manufacturers shipping approximately 121.8 million units globally in 2023. This impressive figure encompasses various types, including countertop, multi-lane, portable, and unattended terminals, designed for both cellular and non-cellular deployments. Such scale underscores the vast opportunities presented by the evolution of payment systems towards connected, software-defined terminals.

About Fractus

Founded on pioneering efforts in applying advanced geometry and mathematics to antenna design, Fractus boasts patented innovations that secure compact, high-performance, multiband antennas widely utilized in smartphones, IoT devices, network infrastructure, and connected health applications. The company's expansive portfolio encompasses over 40 inventions, with technology licensed to leading global firms. Acknowledged for its groundbreaking contributions, Fractus was named a technology pioneer by the World Economic Forum in 2005, and its inventors were finalists for the European Inventor Award in 2014. In 2017, it received the "European Inspiring Company Award" from the London Stock Exchange Group.