Fractus Expands Its Business into Mobile Point of Sale Systems in the USA

Fractus, a leader in antenna technology and intellectual property licensing, revealed a pivotal new agreement with one of the top five point-of-sale (POS) providers in the United States. This landmark deal represents a significant step in Fractus's growth, illustrating the increasing relevance of its pioneering technology across diverse applications. The arrangement not only broadens Fractus's industry reach but also showcases the essential role of its innovations in a myriad of connected devices.

The company has spent decades honing its research and development capabilities to deliver compact, reliable wireless devices. Fractus's extensive patent portfolio underpins its groundbreaking offerings. The latest agreement, achieved through cooperative negotiations, is particularly non-contentious, which facilitates a smooth introduction of Fractus's innovations into payment terminals. By licensing its technology, Fractus empowers implementers to incorporate high-performance multiband connectivity into their devices and systems without the need to duplicate significant research efforts.

According to Jordi Ilario, CEO of Fractus, "Expanding our technology into the POS market is a natural extension of our mission to deliver connectivity everywhere. This partnership with one of the top industry leaders in the U.S. validates the strength of our intellectual property and expedites our strategy to support manufacturers across all product categories reliant on wireless communication."

Understanding the Mobile Point of Sale Market

Mobile point-of-sale systems comprise devices equipped with integrated card readers, facilitating electronic payment authorizations. Their omnipresence, found in taxis, restaurants, and even onboard ticket sales, highlights their growing significance in today's economy. The flexibility these devices offer, characterized by the absence of fixed connections, has made them highly favorable for secure and continuous transactions.

In 2023 alone, a staggering 121.8 million POS terminals were sold globally, including desktop, multi-line, portable, and self-service options, both with and without cellular connectivity. This volume reflects a sector that evolves toward more interconnected, modular, and software-defined terminals. Such a trend amplifies the need for dependable and efficient connectivity solutions. For Fractus, this paradigm shift poses a unique opportunity to expand its market presence in sectors where antenna quality becomes a critical performance differentiator.

About Fractus

Founded on the principles of applying advanced geometry and mathematics to antenna design, Fractus has established itself as a trailblazer in the field. The company's patented innovations enable the creation of compact, high-performance multiband antennas, greatly utilized in smartphones, IoT devices, network infrastructure, and connected health applications. With a portfolio exceeding 40 inventions, Fractus's technology has found traction with leading global enterprises. Notably, Fractus earned recognition as a Technology Pioneer from the World Economic Forum in 2005 and was among the finalists for the European Inventor Award in 2014. As recently as 2017, the company was honored with the European Inspiring Company Award from the London Stock Exchange Group.

In conclusion, Fractus's latest licensing agreement marks not just an expansion into the POS sector, but also underscores the company's goal of ensuring seamless connectivity across multiple platforms. As the landscape of mobile payments continues to ascend, innovations from Fractus are poised to play an essential role in shaping the future of wireless communication technology.