Fractus Enhances U.S. Connected Security Licensing Through New RPX Agreement

Fractus Enhances U.S. Connected Security Licensing

Fractus, a trailblazer in antenna technology and intellectual property licensing, has recently announced a significant advancement in its licensing strategy in the United States through a new agreement with RPX Corporation. This patent licensing agreement is a strategic move that not only amplifies Fractus's reach but also aligns with the growing trend of connected security devices which rely on efficient multi-band antennas.

The Significance of the Agreement

This newly established partnership reflects the increasing prevalence of connected safety devices, including alarm systems, cameras, wearables, and medical alert devices that all require a robust and reliable antenna technology. By consolidating multiple companies into a single negotiation process, Fractus and RPX have facilitated a streamlined licensing transaction that adheres to Fractus’s licensing models. This innovative collaboration has allowed for an efficient licensing solution that benefits both RPX members and Fractus, avoiding the potential pitfalls of time-consuming and expensive legal disputes often seen in the industry.

Jordi Ilario, CEO of Fractus, highlighted, "This RPX agreement represents a practical approach to large-scale licensing. It underscores the momentum of connected safety solutions in the U.S. and expands our community of licensees with several respectable providers."

Rising Demand for Connected Security Devices

Recent reports indicate a massive surge in the demand for connected security devices. According to Berg Insight, there were approximately 36 million active monitored alarm systems in the U.S. and Canada by the end of 2023, with projections estimating this number to rise to 42.9 million by 2028. Furthermore, the market for medical alert systems is also poised for significant growth, expected to increase from 5.2 million users in North America in 2023 to 7.5 million by 2028. The market value for these systems is forecasted to escalate from €2.7 billion ($2.9 billion) in 2023 to €4.1 billion ($4.5 billion) by 2028, highlighting an undeniable trend toward smart safety solutions.

About Fractus

Founded as a pioneer in the application of advanced geometry and mathematics in antenna design, Fractus boasts a portfolio encompassing over 40 patented inventions. Their patented technologies allow for compact and powerful multi-band antennas used in smartphones, IoT devices, network infrastructures, and connected health applications. Fractus has gained recognition from leading global corporations, marking its impact across numerous sectors.

Notably, Fractus was recognized as a "Technology Pioneer" by the World Economic Forum in 2005, and their inventors were finalists for the European Inventor Award in 2014. The company also garnered the "European Inspiring Company Award" from the London Stock Exchange Group in 2017, showcasing its commitment to innovation in antenna technology.

As Fractus continues to expand its licensing agreements, the company remains at the forefront of the connected security market, ensuring that effective and efficient wireless communication remains accessible through innovative antenna design and expansive licensing strategies.