Softbank Corp. Acquires High Altitude Platform Station (Haps) Patents From Loon

Softbank Corp. Acquires High Altitude Platform Station (Haps) Patents From Loon

09/30/21, 9:16 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svglondon
Industry
mobile
software
SoftBank Corp. (TOKYO: 9434, “SoftBank”) announced that it has acquired approximately 200 patents, including patents pending, for High Altitude Platform Stations (HAPS) from Alphabet Inc.’s Loon LLC (“Loon”) following the winddown of Loon earlier this year. With these patents, SoftBank and its subsidiary HAPSMobile Inc. (“HAPSMobile”) will collectively own approximately 500 HAPS-related patents, including patents pending, further establishing their position as intellectual property (IP) leaders in the HAPS industry. The patents are related to network technologies, services, operations and aircraft for HAPS.

Company Info

Company
SOFTBANK GROUP
Location
London, Ontario, Canada
Company info
SOFTBANK GROUP CORP. is renowned for its strategic investments in technology and communication services. The firm manages an equity of $29.31 billion and holds a diverse portfolio with top holdings in companies such as NVIDIA Corp and T-Mobile US Inc. SOFTBANK's investment philosophy focuses on leveraging technological advancements to drive growth and innovation.