LOT has become the solution of choice to address the NPE issue
12th April 2023
LOT Network Report 2022
Report introduction
In the introduction to the 2022 report, LOT Network state:
“2022 was another record year for LOT Network, with 831 new members joining our community. Each year, in LOT’s 8-year history, has been a record year of growth – proof that LOT has become the solution of choice to address the NPE issue.”
LOT Network had over 2,700 members as of 2022 – this is up from 1,700 members in 2021.
Highlights
- LOT Network has aggregated rights to the largest patent portfolio in the world. There are now over 3,652,925 active worldwide assets and counting subject to the LOT Agreement
- More than 117,044 assets have already left LOT Network, of which over 4,717 have gone to PAEs. Due to the transparency, uniformity, and wide-adoption of the LOT Agreement itself, none of these assets have been asserted against LOT Members
- Cipher’s Universal Technology Taxonomy (UTT) system is widely used by those doing patent portfolio analysis. The top three technology areas for patents owned by LOT Network members are:
- Information (332, 148 patent families – 28%)
- Mechanical (262,263 patent families – 22%)
- Electrical (142,870 patent families – 12%)
- The ADAPT scheme was launched at the annual LOT Network BRIDGE meeting in 2022
Further information
- Cipher has been a member of LOT Network since 2018
- The LOT Network is one of the organisations Cipher has signed up to as part of our Corporate Responsibility
- Cipher is commissioned to produce reports for LOT Network, the most recent being Could NPEs stifle innovation in sustainable energy?
- A LOT network webinar, LOT Network Protection: What does 2.7 million patent assets mean for me? is free to watch
- A summary of the LOT Network report for 2020, plus the full report is available
Managing PAE Patent Risk
Episode 6 in Season 2 of the Cipher Vision Podcast series featured Ken Seddon, CEO of LOT Network.
Ken discussed the threat that PAE companies pose to innovation, as well as the role that operating companies have in taking positive, collaborative steps to ensure a sound patent strategy.
LOT Network Report 2022
2022 Report
The LOT Network Report 2022, which has been produced for the organisation by Cipher, in association with Richardson Oliver Law, has these sections:
- Patent Assertion Entity Risk
- What’s in LOT Network?
- LOT Network BRIDGE: Building Community in IP
- Member Connectedness
- Looking Forward to 2023
With Cipher you can…
Optimise your portfolio
Ensure you have the right portfolio to meet your strategic patenting objectives.
Gather competitor intelligence
Understand who’s doing what by automating patent to technology mapping.
Model cross licensing
Combine patent and revenue data to determine rational licensing outcomes.
Manage your budget
Justify patent budgets and communicate the impact of your investment.
Conduct due diligence
Automate manual reviews for efficient execution of M&A and licensing transactions.
Tackle inbound patent assertion
Be prepared with evidence to create a fast and effective threat assessment.
Benchmark your portfolio
Assess your portfolio in comparison to other owners through your technology lens.
Monetise your portfolio
Identify opportunities to create value through licensing or sale of patent assets.
Predict technology trends
Track new technologies and discover the unknown owners of future innovation.
Create Risk Mitigation Strategies
Understand the materiality of your threats to define your risk mitigation strategy.