The beginning of the end for Big Oil?
Toyota just rocked the auto industry by announcing that it is opening to the public 5,680 of its patents related to fuel cell technology for royalty-free use. Bob Carter, the company's senior vice-president of automotive operations, delivered the news on Monday at CES, following an elaborate presentation that touted the strengths of its fuel cell vehicle, the Toyota Mirai. |
"By eliminating traditional corporate boundaries, we can speed the development of new technologies", Carter said. |
For many, Toyota's patent announcement will bring to mind Tesla's 2014 decision to make its electric-vehicle technology open to competitors. It's unclear what this new approach to patents means for the automotive industry, but when a major company like Toyota follows Tesla into the royalty-free patent space, it suggests a clear trend toward greater openness. |
Feel The Power Of The Mark Side
Feel The Power Of The Mark Side