Ericsson announced a reorganization of its Licensing and Patent Development department with the focus on further monetizing its IPR assets. Ericsson’s Chief Intellectual Property Officer, Kasim Alfalahi, who currently reports to Ericsson’s CTO within Group Function Technology and Portfolio Management, will report directly to President and CEO Hans Vestberg.
Ericsson hold 27,000 granted patents that cover a wide range of technologies, from wireless access (2G, 3G and 4G) to WLAN and the whole Information and Communications Technology (ICT) value chain. The company notes that it is already a net receiver of royalties and has signed more than 90 license agreements. With new devices and other industries entering the world of connectivity, Ericsson targets to grow its IPR revenues above the SEK 4.6 billion net revenue generated in 2010, as stated at the company’s Capital Markets Day on November 9, 2011.
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