Ofinno and Honda Complete Large Patent Transaction
Ofinno, LLC, a leading technology research company in the areas of wireless communications and video compression, announced today that they have completed a large patent transaction with Honda Motor Co., Ltd.
RESTON, Va., June 2, 2021 /PRNewswire-PRWeb/ -- As part of the transaction, Honda acquired over 100 high-value patents from Ofinno. The assets cover a broad range of technologies relating to cellular signaling and radio resource management.
"Honda is one of the most innovative companies in the world, not just in the automobile space, but in countless other areas like robotics, artificial intelligence, and the aerospace fields" said Ofinno's Chief Intellectual Property Officer, Kavon Nasabzadeh. "Ofinno is honored that such an innovative company in its own right chose to partner with Ofinno to acquire patents covering our pioneering research in the wireless field."
Honda is the latest of several world leading technology companies to acquire patented wireless technologies from Ofinno. Over the past 6 months, Ofinno has sold several hundred patents to large international companies, including some of the largest handset manufacturers. These assets cover Standard Essential features required for implementation of 4G and 5G wireless technologies.
About Ofinno, LLC:
Ofinno, LLC, is a research and development lab based in Northern Virginia, that specializes in inventing and patenting future technologies. Ofinno's research involves video and communication technologies, including 5G and 6G Radio and Core networks, video compression technologies and transport. Ofinno's inventions have an impressive utilization rate and have been adopted by the standards at the center of advancement of these technologies. Our innovators not only create the technologies, they oversee the entire process from design to the time the technology is sold. For more information about Ofinno, please visit http://www.ofinno.com.
Media Contact
Steve Gion, COO, Ofinno, LLC, +1 5715231465, [email protected]
SOURCE Ofinno, LLC
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