Panasonic will make nearly 50 IoT patents available for royalty-free use

Panasonic will make nearly 50 IoT patents available for royalty-free use

The North American subsidiary of Japanese electronics biggie Panasonic Corp. said in a Monday announcement that the company plans to make nearly 50 of its 'Internet of Things' (IoT) patents available for royalty-free use.

The move announced by the Panasonic North American subsidiary implies that the company will contribute its software and patents to the cause of furthering the development of IoT products, which chiefly underscore a network of 'connected' devices.

According to the announcement made by Panasonic North America, the company will primarily share its software and product experience in cloud computing technologies, like connecting home monitoring as well as solar energy systems to the Internet.

About Panasonic's decision to make its IoT-related patents available for royalty-free use, Todd Rytting - Chief Technology Officer of Panasonic North America - said in a recent press release that the "open-sourcing of a proprietary technology invites the open source community to evaluate, work on and ultimately improve the software."

Rytting further added that Panasonic is hopeful that its initiative to share its IoT patents will serve as an inspiration to companies across the world "to contribute intellectual property and ideas to making networks work together."

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