Posts Tagged: "LOT Networks"

Information technology giant IBM recently announced that it had agreed to join the LOT Network, a nonprofit patent risk management consortium designed to immunize its members from lawsuits filed by patent assertion entities (PAEs). The move brings an additional 80,000 patents and patent application under the aegis of the LOT Network, which currently offers its members immunity to 2.3 million global patent assets should those patents ever be sold to companies that make more than half of their gross revenue from patent assertions. Since the IBM announcement last week, LOT Network has added a few new members, including Japanese carmaker Toyota, which just announced today that it has agreed to join the consortium. Since we last covered LOT Network in August 2018, the organization has more than doubled in size from about 275 companies up to 623 companies. Since it was founded in 2014, LOT Network’s membership has increased by a compound annual growth rate of 115%.