Barcelona, Spain (ots/PRNewswire) – Fractus, a pioneer in antenna technology based in Barcelona, Spain, is proud to announce the settlement of its patent dispute with Vivint, a major player in the smart home security industry in the United States. This decision is a pivotal moment for Fractus, highlighting the broad applicability of its innovative technology beyond the mobile industry to the growing Internet of Things (IoT) market.
Fractus sued Vivint in October 2022 for infringement of its patents on antenna technology for security systems (Case 2:22-cv-00413-JRG). The agreement underscores Fractus’ commitment to driving innovation and collaboration in the technology industry. By resolving the dispute with Vivint, Fractus has solidified its position as a leading partner for versatile and efficient antenna solutions for various applications.
Fractus’ antenna technology has proven itself not only in the traditional mobile phone sector, but also in the rapidly evolving IoT landscape. This breakthrough demonstrates the adaptability and resilience of Fractus technology, making it the ideal choice for companies seeking cutting-edge connectivity solutions. “We are pleased to announce the settlement of our patent dispute with Vivint. This underscores the value and versatility of Fractus’ antenna technology,” said Ruben Bonet, CEO of Fractus. Advances in antenna technology are driving digital transformation in businesses and leading to the delivery of IoT services and innovative solutions through connected devices.
“This agreement not only confirms the applicability of our technology in the area of smart home security, but also opens up new collaboration and licensing opportunities in the broader IoT industry,” said Jordi Ilario, COO and VP Licensing. Fractus invites companies in the IoT industry to explore licensing opportunities for its innovative antenna technology. With a Fractus license, companies can reap the benefits of efficient and reliable connectivity, ensuring a competitive advantage in an industry where seamless communication is paramount.
Fractus is proud to be represented by the premier law firm Susman Godfrey throughout this process. Resolving this litigation is not only a positive step forward for Fractus, but it will also alert competitors to the opportunity to adopt cutting-edge technology through licensing agreements.
Fracture information:
Fractus is an early pioneer in developing antenna technology for smartphones, tablets and other wireless Internet of Things devices. The company owns a portfolio of intellectual property rights in more than 40 inventions, protected by more than 120 patents and patent applications in the United States, Europe and Asia. Among the many awards and honors the company has received for its innovative work, Fractus was named a “Technology Pioneer” by the World Economic Forum in Davos in 2005 and one of the best innovative companies by Red Herring in 2006. It also won In 2004 the Frost & Sullivan Award for Technological Innovation and in 2010 the National Communication Prize of the Catalan Government in the Telecommunications category. A team of Fractus inventors were finalists for the EPO’s 2014 European Inventor Award. In November 2015, Fractus was awarded the “Academiae Dilecta” by the Royal Engineering Academy of Spain (RAI) and in April 2017 received the “European Inspiring Company Award” presented by the London Stock Exchange and Elite Group.
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Unveiling the Allegations: SOC Labor Coalition Criticizes Starbucks’ Union Tactics
“The Board’s Approach to Unionization at Starbucks”
According to a proxy presentation seen by CNBC, the Board’s strategy against unionization at Starbucks has been described as a significant failure in managing human capital effectively in recent U.S. history. The aggressive response to unionization has not only failed to resolve disputes with employees but has exacerbated the situation.
Starbucks’ Response
Starbucks responded by highlighting the expertise of its board members and their commitment to enhancing the partner experience. The company emphasized its investments in wage increases, training, and equipment upgrades, amounting to over 20% of profits in the last fiscal year.
Unionization Efforts
Since the end of 2021, baristas at nearly 400 Starbucks-owned cafes have voted in favor of organizing, following the successful unionization of the first location in Buffalo. Starbucks operates around 16,000 cafes, including owned and licensed locations.
Leadership Changes
Howard Schultz returned as CEO amid the union battle, triggered by younger workers at Starbucks. Despite expressing intentions to resume contract talks, no agreement has been reached. The company faced strikes during significant events like Pride weekend and Red Cup Day.
Financial Impact
The proxy presentation by the SOC, titled “Brew a Better Starbucks,” estimated that the response to unionization has cost Starbucks nearly a quarter of a billion dollars and has negatively affected the brand’s value.
Customer Sentiment
A Nielsen poll revealed that two-thirds of recent Starbucks customers would be less inclined to visit if the company violated federal labor laws, surpassing the impact of price increases. The SOC criticized the board’s confrontational approach with the union.
Stock Performance
Starbucks’ stock fell 6% since the unionization efforts began, contrasting with gains by peer companies like Chipotle, Darden Restaurants, McDonald’s, Restaurant Brands International, and Yum Brands. The company defended its performance amidst external challenges.
Board Composition
The SOC proposed three director candidates with union experience, challenging the expertise of current board members. Starbucks added new directors but faced criticism for lacking labor-related regulatory experience.
Company Defense
Starbucks argued that its board members possess valuable perspectives and continuity, contributing to market value creation and operational success. The company highlighted its outperformance in stock returns compared to peers.
Future Plans
Starbucks reiterated its commitment to partner and store improvements, aiming to reach ratified contracts for all represented stores by 2024. The company announced efficiency plans to reinvest in its workforce.
Final Remarks
CEO Narasimhan reaffirmed Starbucks’ stance on unionization, emphasizing a direct relationship with partners and a constructive approach in dealing with unionized stores.
Unveiling the Allegations: SOC Labor Coalition Criticizes Starbucks’ Union Tactics
Household Debt Reaches Record High Despite High Interest Rates
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Sorry, please use a different browser. Household debt closes again at record high… Despite high interest rates, mortgage loans soar by 15 trillion won
[뉴스리뷰]
[앵커]
In the fourth quarter of last year, household debt increased by 8 trillion won in three months, breaking an all-time high.
Even with high interest rates, home mortgage loans increased by more than 15 trillion won.
This is reporter Kang Eun-na-rae.
[기자]
Our country’s household debt has increased for three consecutive quarters.
Home credit balances, which include home loans and card usage, increased by 8 trillion won in the fourth quarter of last year compared to the third quarter.
At 1,886.4 trillion won, it broke the all-time record.
This is because the use of cards increased by 1.5 trillion won as there were more places to spend money at the end of the year, and household loans increased significantly by 6.5 trillion won.
Home mortgage loans also led to the increase in home loans.
Other loans, including credit loans, continued to fall for nine consecutive quarters.
However, despite the high interest rates, the mortgage loan increased by more than 15 trillion won, reaching 1,064.3 trillion won, the largest amount ever.
However, although household credit, including mortgage loans, reached an all-time high in the 4th quarter, the increase slowed compared to the 3rd quarter, which the Bank of Korea attributed to the government’s control of household debt.
In particular, with the real estate market slowing down last year, the annual increase in home credit was the third smallest since related statistics were compiled.
서정석 / 한국은행 금융통계팀장> “The pace of supply of policy mortgages was adjusted, and there were restrictions on 50-year maturity yields in individual mortgage loans from mainstream banks, and these are clearly having an impact.”
Monetary authorities assessed that the rise in household debt was under stable control, but were concerned that it could increase rapidly this year due to expectations of interest rate cuts.
Accordingly, it was announced that they would discuss control measures for financial companies whose home loan growth rate is excessive, and strengthen regulations on the stress-total debt service ratio and DSR.
This is Kang Eun-na-rae from Yonhap News TV. ([email protected])
#HomeLoan #HomeLoan #Bonk
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Household Debt Reaches Record High Despite High Interest Rates