STATEMENT: Fractus and Vivint sign a patent licensing agreement for antenna technology in IoT, smart homes

(Information sent by the signatory company).

STATEMENT: Fractus and Vivint sign a patent licensing agreement for antenna technology in IoT, smart homes

(Information sent by the signatory company)

BARCELONA, Spain, February 19, 2024 /PRNewswire/ -- Fractus, a pioneer in antenna technology based in Barcelona, ​​Spain, proudly announces the resolution of its patent litigation with Vivint, one of the leading companies in the sector of smart home security in the United States. This resolution is of great importance to Fractus as it highlights the broad applicability of its innovative technology beyond the mobile phone industry, in the growing Internet of Things (IoT) market.

Fractus sued Vivint in October 2022 for infringement of its patents for antenna technology for security systems (Case 2:22-cv-00413-JRG). The agreement underscores Fractus' commitment to fostering innovation and collaboration within the technology industry. By resolving the dispute with Vivint, Fractus consolidates its position as a leading partner for versatile and efficient antenna solutions for various applications.

Fractus antenna technology has proven itself not only in the traditional mobile industry, but also in the rapidly evolving IoT landscape. This advancement demonstrates the adaptability and resilience of Fractus technology, making it an ideal choice for businesses seeking cutting-edge connectivity solutions. "We are pleased to announce the resolution of our patent litigation with Vivint, reinforcing the value and versatility of Fractus antenna technology," stated Rubén Bonet, co-founder and CEO of Fractus. Advances in antenna technology are driving digital transformation in businesses, leading to the delivery of IoT services and innovative solutions through connected devices.

"This agreement not only confirms the applicability of our technology in the smart home security sector, but also opens up new possibilities for collaboration and licensing in the broader IoT sector," said Jordi Ilario, COO and Vice President of licenses. Fractus invites companies in the IoT sector to explore licensing opportunities for its innovative antenna technology. By licensing Fractus, businesses can harness the power of efficient and reliable connectivity, ensuring a competitive advantage in an industry where communication is paramount.

Fractus is proud to be represented by top law firm Susman Godfrey throughout this litigation process. The resolution of this litigation is not only a positive step forward for Fractus, but also signals an opportunity for competitors to adopt cutting-edge technology through licensing agreements.

About Fractures:

Fractus is an early pioneer in the development of antenna technology for smartphones, tablets and other wireless Internet of Things devices, and owns an intellectual property rights portfolio of more than 40 inventions protected through more than 120 patents and patent applications in the United States, Europe and Asia. Among the many awards and honors the company has received for its innovative work, Fractus was named a World Economic Forum Davos Technology Pioneer in 2005 and a Red Herring Top Innovative Company in 2006. It also won the Frost Prize


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