Since the beginning of the year, the non-profit network has gained 25 new members, including Hyundai and, most recently, General Motors and Honda.
Members pledge that their patents will not be used by a ‘patent troll’ to sue another member, in an effort to protect themselves against “patent assertion entities and their costly patent lawsuits,” according to the LOT Network.
“We’re thrilled to welcome General Motors and Honda to our network,” said Ken Seddon, CEO of LOT Network.
“With the new agreement we are seeing interest in LOT Network scaling significantly across all industries worldwide. As the only long term cure for the patent troll problem, offering permanent immunisation to over 575,000 assets, we’ve seen a strong traction in the auto, cloud computing, software, hardware, high-tech and financial sectors, and expect this trend to accelerate.”
The LOT Network is not the only private organisation putting pressure on so-called patent trolls.
Unified Patents, a defensive patent aggregator, has filed more than 50 inter-partes review petitions in the US since 2013, targeting patents belonging to high-profile patent licensing companies.