PHOENIX, AZ—LOT Network Inc., the leading international community of high-tech companies protecting against costly litigation brought by patent assertion entities (PAEs, also known as “patent trolls”), announced it has nearly doubled its membership over the last year with more than 400 members joining in 2020 alone. Innovative companies who’ve joined this year include: IBM, Xiaomi, Olympus, China UnionPay, BlackRock, AccuWeather, Shutterfly, AirBNB, S&P Global, Continental, Coca-Cola, Royal Bank of Canada, Delta Airlines, Bumble, Citizen Watch Company, Bank of NY Mellon, Transamerica, Best Buy, Cathay Bank, Geely and DJI, among others — bringing LOT Network’s community to more than 1,000 members.
Since its founding in 2014, LOT Network membership has grown exponentially year over year at a compounded annual average growth rate (CAGR) of more than 100%. Its roster includes global leaders across verticals including automotive, aviation, finance, entertainment, software, retail, manufacturing, as well as leaders in emerging industries like blockchain. LOT Network now has 13 of the largest holders of AI patents, 11 of the world’s largest holders of blockchain patents, and all 7 of the world’s largest automotive OEMs among its membership. The community also offers protection from more than 2.7 million patent assets from 36 countries.