Landis+Gyr : Joins LOT Network to Safeguard its Innovation and Ecosystem from Patent Litigation

The LOT Community membership will allow Landis+Gyr to stay on the forefront of innovation in sustainable vitality administration know-how, fairly than concentrate on patent litigation.

Cham, Switzerland – January 9^th, 2023 – Landis+Gyr (SIX: LAND), a number one international supplier of built-in vitality administration options, has joined LOT Community, the worldwide, non-profit neighborhood of firms working collectively to guard themselves in opposition to litigation introduced on by patent assertion entities (PAEs, often known as “patent trolls”). Becoming a member of LOT Community will allow Landis+Gyr to proceed staying on the forefront of vitality administration know-how, fairly than concentrate on frivolous patent litigation. Their membership within the group may also permit the Firm to proceed its lengthy custom of defending a pipeline of improvements that may additional strengthen its place as a number one international innovator in future vitality consumption.

For greater than 125 years, Landis+Gyr has been an trade chief in vitality administration options by serving to utility firms and finish shoppers alike to handle vitality higher. In its previous two monetary years, the corporate has invested round 11% of its revenues in R&D to help its transformation in the direction of grid edge intelligence and sensible infrastructure. Landis+Gyr has entered a strategic partnership with Google Cloud and has established an in depth portfolio of electrical automobile software program and charging capabilities.

“As a world Firm that’s laser-focused on constructing an revolutionary and confirmed portfolio of software program, companies, and different clever applied sciences, it is paramount that we take proactive measures to guard ourselves and our greater than 2,700 patent belongings from the specter of patent litigation introduced on by PAEs,” stated James Eilertsen, Head of Group Mental Property at Landis+Gyr. “Becoming a member of LOT permits us to concentrate on what issues most – making a greener tomorrow by means of our suite of revolutionary merchandise and applied sciences.”

Innovation within the vitality trade is accelerating at a fast velocity as a result of adoption of emergent applied sciences from cybersecurity and EV tech to sensible units powering sensible cities and rather more. The businesses inside LOT Community perceive that the convergence of industries like vitality administration and software program can expose innovators like Landis+Gyr to one in all a PAE’s focused sectors: high-tech.

“Firms lose a whole bunch of hundreds of thousands of {dollars} once they’re compelled to pay a PAE – cash that might have been higher spent on R&D, recruitment, or returning worth to shareholders,” stated Ken Seddon, LOT Community CEO. “As industries converge with know-how, their publicity to PAEs grows dramatically, and it is crucial they take steps to mitigate these dangers and shield their whole ecosystem from pointless PAE litigation. We commend Landis+Gyr on becoming a member of LOT Community and sending a transparent message that the LOT neighborhood in addition to their prospects are protected.”

LOT Community members agree that if, and provided that, any member’s patent belongings fall into the palms of a PAE, all the opposite members of the neighborhood obtain a free license, thereby immunizing them in opposition to PAE litigation from these belongings. Members nonetheless retain conventional makes use of of their patents and are nonetheless free to promote or switch their patents, take part in patent swimming pools, license them for income, or assert them.