LITEON Technology (2301.TW) announced that it has joined LOT Network, the leading global patent licensing platform and non-profit community dedicated to reducing litigation risk from patent assertion entities (PAEs).
LITEON, a global leader in AI infrastructure, power management, optoelectronics, information technology, consumer electronics, and automotive electronics, is committed to supporting innovation and protecting its customers, partners, and suppliers in an increasingly complex intellectual property landscape. Membership in LOT Network reflects LITEON’s emphasis on responsible patent stewardship and safeguarding the broader ecosystem against PAE risks.
“We believe that we have a responsibility to protect our stakeholders, and our market,” said Tom Soong, Chairman of LITEON. “Becoming a member of LOT Network allows us to keep our energy and resources devoted to protecting innovation and supporting a healthy ecosystem instead of fighting unnecessary legal action. We are pleased to support broader industry efforts to address PAE risk and foster innovation.”
Rob Kowal, Sr. Director of Licensing at Microsoft, said, “LITEON is a valued Microsoft supplier, and as a fellow member of LOT Network, we’re pleased to see them make this commitment. LITEON’s membership strengthens the broader community of operating companies working together to reduce the risk posed by PAE litigation. We appreciate LITEON’s leadership and hope their example encourages other companies to consider joining LOT Network.”
LOT Network is the most comprehensive solution for addressing the risk associated with PAE litigation. If a patent owned by a member is later transferred to a PAE, all other members of the community automatically receive a license to that patent – effectively immunizing them against that patent as a litigation threat in the hands of a PAE.
Ken Seddon, CEO of LOT Network, said, “Unfortunately, many companies don’t realize they can be sued even if they don’t own patents, based on technologies that they use in everyday business. In practice, by joining LOT Network, LITEON has provided customers, partners, and other business associates a way to protect themselves from PAE litigation, as well as increased the overall resilience of the entire ecosystem against litigation threats.”
【About LITEON】
LITEON Technology Corporation (2301.tw) was established in 1975. As a pioneer of LED in Taiwan, it is the first electronics company listed on TAIEX. Over the past 50 years, LITEON has secured a strong position in the global market with its leading opto-electronic and power management technology. LITEON powers AI compute, electrification, and intelligent energy infrastructure, delivering transformational growth in data center power, optoelectronics, auto electronics, AIoT, automotive electronics in recent years. Given the environmental and climate change worldwide, LITEON started to follow relevant global initiatives 20 years ago to develop next-generation products that meet sustainability requirements in collaboration with the suppliers, fulfilling its social responsibilities with concrete actions. https://www.liteon.com/
【About LOT Network】
LOT Network, the world's largest patent licensing platform, is an international, non-profit community of leading global companies committed to protecting themselves against costly litigation from patent assertion entities (PAEs). LOT Network currently includes more than 6,500 members in 76 countries from PAE litigation, over 6 million worldwide patent assets and counting and includes over 26% of all U.S. patents within the organization. Members include market leaders such as Toyota, HP, Visa, Canon, Google, Red Hat, JP Morgan Chase, Tesla, Cisco, Amazon, Microsoft, Alibaba, and Salesforce, as well as innovative companies across industries. Visit www.lotnet.com to learn more or download LOT Network's agreement.