Network-1 Expands Its M2M/IoT Patent Portfolio with New U.S. Patent

Network-1 Technologies, Inc. announced the issuance of U.S. Patent No. 12,166,869 by the U.S. Patent and Trademark Office. This patent enhances its M2M/IoT Portfolio, which now holds 55 patents globally. The new patent is pivotal for technologies enabling the use of embedded SIM cards (e-SIMs) in IoT and mobile devices such as smartphones and automobiles.

e-SIM technology allows remote provisioning of device access to wireless networks, a feature growing rapidly in consumer electronics. A study by the Trusted Connectivity Alliance reported a 109% increase in profile downloads for devices in 2023, with e-SIM enabled devices reaching shipments of approximately 374 million units that year.

Network-1's expanded patent portfolio is expected to continue its growth, with patent terms extending until 2033-2034. The company is optimistic about future additional claims and licensing opportunities for its intellectual property.