ODA Joins LOT Network to Get Protected Against Patent Trolls
SCOTTSDALE, AZ, USA, Mar 19, 2020 – Open Design Alliance (ODA), leading provider of open technologies for working with CAD and BIM data, announced that it has joined LOT Network. LOT Network is a non-profit community of companies that builds a protective barrier for its members against patent assertion entities (PAEs or “patent trolls”).
PAEs are companies that acquire patents from third parties and attempt to profit from them through litigation against potential infringers. PAEs extract billions of dollars per year from the U.S. economy, while producing no actual products. LOT Network protects its members against patent troll lawsuits using more than two million patent assets and counting. If any of these falls into the hands of a PAE, LOT Network members receive a license to that patent, meaning the PAE will not be able to sue members for alleged infringement of that patent.
“Currently the CAD and BIM industries are not heavily represented among LOT Network membership—we’d like to change that,” commented Neil Peterson, ODA President. “The cost of frivolous patent litigation is an unnecessary tax on the industry, one that we would like to see eliminated.”
LOT Network, in a move to jump-start protections in the CAD and BIM industries, is offering ODA members who join via their website a free 2020 membership. Membership is also currently free for any company with less than $25 million in annual revenue.
“Due to the convergence of technologies, patent troll lawsuits can affect all industries—including CAD and BIM, both of which heavily leverage software,” said Ken Seddon, CEO of LOT Network. “We applaud ODA’s leadership in joining LOT Network, a move that helps signal to the industry at large that low-cost immunization from potential costly patent litigation is a best practice in protecting a company’s innovation.”
“Protecting the fair use of intellectual property benefits the entire industry,” said Mr. Peterson. “We encourage our members and other companies in the CAD and BIM industries to join LOT Network. As a community we can protect ourselves from exploitation.”
About LOT Network
LOT Network is an international community of the world’s leading high-tech companies committed to protecting its members from costly patent troll litigation. LOT Network currently protects its members from litigation from over 2.2 million worldwide patents and counting. Network members include market leaders such as IBM, Google, Tesla, Canon, Toyota, Microsoft, Epic Games and Disney, as well as innovative companies across all high-tech industries.
About Open Design Alliance
ODA builds SDKs for people who work with complex engineering data. We offer solutions for proprietary and open engineering formats including data access, visualization, cloud development, publishing and more. Learn more at www.opendesign.com.