Ofinno Completes Licensing Deal for Foundational 4G LTE-Advanced Portfolio
Deal showcases strength of Ofinno portfolio for companies looking to bolster IP
RESTON, Va., Jan. 25, 2023 /PRNewswire/ --Ofinno, LLC, a research and development lab pioneering innovation in wireless communication and video coding technologies has completed a licensing deal with some of the world's largest cellular handset, network infrastructure, and consumer electronic manufacturing companies.
The portfolio included in the licensing deal includes hundreds of assets, with a significant number of standard essential assets relating to fundamental features of 4G LTE-Advanced. The licensing deal was completed through RPX Corporation, a patent aggregator representing more than 320 of the world's most innovative companies.
"This licensing deal represents a win for both the industry and Ofinno," said Esmael Dinan, founder and chief executive officer at Ofinno. "The deal is reflective of the strength of Ofinno's portfolio and our commitment to working with innovative operating companies. The revenue generated through this deal positions Ofinno to further invest in cutting-edge technologies as the world continues to progress from LTE-Advanced to 5G and 6G solutions."
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