Olea Sensor Networks is hoping to attract new customers through the introduction of new licensing models for companies interested in its IoT IP portfolio. The company’s sensor technology is already being widely used in drones, vehicles, and industrial robotics, but Olea is hoping that the new licensing options will make the technology more accessible to other partners.
On that front, Olea believes that its technology will be particularly appealing to the manufacturers of IoT products. The company’s sensor solutions can be deployed for a variety of different applications, and should lower costs while reducing the amount of time needed to develop and launch new IoT devices.
“Olea’s portfolio creates a mutual business advantage, helping us to continue to compete globally and allowing our partners to accelerate their innovations,” said Olea CEO and CTO Frank Morese. “Companies can benefit from development times being reduced from a typical 36 months to only about 6 months, thanks to our manufacturing-ready approach to design.”
Olea’s sensors can read human vital signs, and can also detect the presence of humans to improve the safety of drones, autonomous vehicles, and other large machines. Those interested in licensing the company’s technology will have the opportunity to work directly with Olea’s team of engineers and developers. That will give them access to ongoing support and guidance as they work to integrate Olea’s sensors into their own IoT solutions.
In June, Olea released an upgraded OleaVision360 guidance system that allows autonomous machines to navigate around trees, buildings, and other obstacles. Before that, Olea unveiled the OSN Quadcorder in 2017. The Quadcorder is a wearable biometric device that does not require physical contact to track the heart rate and respiration of a human user.
Olea has also developed an in-vehicle life presence detector that was designed to prevent people from locking their pets and small children in cars on particularly hot days.