Network-1 Technologies Secures New Patent, Expands M2M/IoT Portfolio

Network-1 Technologies, Inc., a prominent player in intellectual property development, licensing, and monetization, has achieved a significant milestone by obtaining a new patent, U.S. Patent No. 11,916,893, from the U.S. Patent and Trademark Office. This patent, named Embedded Universal Integrated Circuit Card Supporting Two-Factor Authentication, enriches Network-1's Machine-to-Machine/Internet of Things (M2M/IoT) Patent Portfolio.

The inclusion of this patent enhances Network-1's capabilities in advancing the technology for the use of embedded SIM cards (eSIMs) in various devices, including smartphones, tablets, and even automobiles. eSIM technology, which is instrumental for next-generation Internet of Things (IoT) developments, allows for easier and more flexible connectivity options. This technology shift aligns with the Trusted Connectivity Alliance's findings, highlighting a surge in eSIM profile downloads across multiple devices.

Network-1's enriched M2M/IoT Patent Portfolio now comprises thirty-seven issued U.S. patents, with additional patents pending in the U.S. and internationally. This expansion underscores Network-1's commitment to securing intellectual property rights in crucial technological fields like 5G network authentication and internet transport layer security solutions. The company anticipates further growth in its patent portfolio, reflecting its strategic focus on high-quality, high-potential patents for licensing opportunities.