DT is Selling Vehicle Navigation Patents via Online Auction

Deutsche Telekom is selling a comprehensive portfolio of patents relating to smart vehicle navigation systems. The DT Navigation Portfolio will be offered exclusively through a trusted intermediary, Innovative Auctions, in an online auction process carefully designed to preserve bidder anonymity. The auction is targeted to take place in early December 2020.

The portfolio comprises 21 patent families with a total of 168 patents covering smart traffic and real-time navigation technology. This includes, for example, applications that immediately take into account current traffic jams. This makes the patents particularly interesting for car manufacturers and suppliers, including producers of navigation systems and related software.

DT considers the bundle of patents as very valuable. “We appreciate the upcoming online auction as a transparent and innovative platform for conducting this transaction. We want to address as many international companies as possible and are looking forward to an interesting, lively auction," said Tim Oelmann, responsible for Business IPR Management.

With the online auction in early December, DT pursues its new patent strategy to more actively exploit intellectual property that does not match its core business, for example through licensing and spin-offs, or simply through sales. “Auction sales like this help us sharpen our patent portfolio. Furthermore, they offer the opportunity to focus on the protection and defense of our strategically important patents and technologies," added Oelmann.