Matterport, Inc. (NASDAQ:MTTR), today announced it has joined LOT Network, the world’s largest patent licensing platform and non-profit community of global companies committed to protecting themselves against costly litigation from patent assertion entities (PAEs).
PAEs, also sometimes known as “patent trolls”, are responsible for 88% of high-tech patent litigation in the U.S.1 Nearly 90% of these patents are acquired via third parties and used to make money through litigation against potential infringers.2
To deter PAEs from pursuing litigation, if a PAE acquires any patent asset that was once owned by a LOT Network member, all LOT Network members receive a license to that patent, protecting them from any potential litigation and fees. LOT Network protects the world’s largest companies in every industry, covering more than 3.9 million patent assets from over 3,200 members across 56 countries.
