Network-1 Technologies, Inc. announced on December 11, 2024, that the U.S. Patent and Trademark Office issued U.S. Patent No. 12,166,869. This new patent is titled 'Key Derivation for a Module Using an Embedded Universal Integrated Circuit Card'.
The issuance of this patent further expands Network-1's M2M/IoT Patent Portfolio. The portfolio now comprises 55 patents worldwide, strengthening the company's intellectual property in the Internet of Things and Machine-to-Machine communication sectors.
This expansion is significant as it enhances Network-1's ability to monetize its intellectual property in the rapidly growing market for connected devices. The patent relates to critical technology for secure authentication in various mobile and IoT applications.
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