MarineTraffic joins LOT Network to safeguard intellectual assets

Communication, IT and Communications, Marine Equipment Products and Services — By on December 14, 2015 at 11:42 AM
Demitris Memos

Demitris Memos

MarineTraffic, the world’s most trusted AIS vessel tracking service has joined the Licence on Transfer (LOT) Network.

The LOT Network was formed to promote innovation by reducing the risk of litigation from Patent Assertion Entities (PAEs), also known as Patent Trolls. The LOT Network has 47 members across many industries, including some of the world’s most recognised names, and contains over 327, 000 worldwide patent assets.

As an innovation driven company, MarineTraffic sees the importance of protecting its intellectual assets on a daily basis.

Demitris Memos, Managing Director at MarineTraffic said:

“We joined the LOT Network recognising its growing ability to protect against patent trolling and enable companies to get on with the business of innovation. We want to spend our time creating useful products for the shipping markets we serve, rather than wasting it engaged in meaningless legal disputes over patents.

We are anticipating a busy year with several major product launches – joining the LOT Network is part of a wider strategy designed to hedge against potential problems and ensure we can stay focused on delivering excellent service to the 6 million monthly users of our website and numerous commercial customers.”

Ken Seddon

Ken Seddon

Ken Seddon, CEO of LOT Network added:

“We are proud to welcome MarineTraffic into our international community. They represent what LOT Network is about – trust – and they role model what our members believe: good corporate citizens focus on delivering innovation for their customers, not monetising patents through trolls. Patent trolls drain over $80 billion dollars per year from the US economy alone. MarineTraffic has made the commitment to be part of the permanent solution.”

MarineTraffic has not been contacted by any PAEs to date.

www.marinetraffic.com

www.lotnet.com

MarineTraffic is the leading and most popular global AIS facility with over 740, 000 registered users and almost 20 million vessel positions registered each day. It is an open, community-based project providing free real-time information to the public about ship movements and ports mainly across the coast-lines of many countries around the world. The system is based on Automatic Identification System (AIS). Marine Traffic operates over 2, 000 AIS stations located in more than 165 countries across the world and delivers the most comprehensive AIS coastal tracking facility available today.

Through a partnership with Orbcomm, MarineTraffic also offers a satellite tracking facility for those vessels on ocean passages and out of range of coastal AIS stations. This allows vessels to be monitored in open ocean.

MarineTraffic attracts 6 million unique visitors and almost 20 million visits to its website each month. More than 500, 000 users access MarineTraffic from mobile apps.

www.marinetraffic.com

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