S3G Technology LLC and OYO Sign Worldwide Patent License Agreement

August 27, 2022
Top Quote S3G, a MIT startup in the US promoted by Dr. Sandeep Chatterjee a Young Global Leader recognized by World Economic Forum for his potential to contribute to shaping the future of the world. S3G's strong patents in ICT area which have been successfully litigated in the US, are now being used by OYO Hotels (internationally) under license arrangement. End Quote
  • (1888PressRelease) August 27, 2022 - S3G Technology LLC (S3G) announced that it has signed a worldwide patent license agreement with OYO Hotels, Inc. (OYO USA), Oravel Stays Limited (OYO India), Oravel Stays Singapore Private Limited (OYO Singapore) OYO Rooms and Hospitality UK Ltd. (OYO UK) and OYO Mountainia UK Limited (OYO Mountainia) (collectively, OYO) for S3G’s patent portfolio.

    The license agreement includes patent licenses to S3G’s patent portfolio in major markets around the world where OYO operates, including the United States, India, Brazil, Mexico, Indonesia and the Philippines. The license agreement covers OYO’s software systems, including its widely-used mobile software applications that are used by consumers worldwide to search for and book hotel reservations.

    The S3G patents licensed by OYO include Indian Patent No. 328489; Brazilian Patent No. 1120120015109; Mexican Patent No. 317989; Indonesian Patent No. W00201200112; Philippines Patent No. 1-2012-500065; and U.S. Patent Nos. 9,304,758; 9,081,897; 9,940,124; 8,572,571; 10,387,140; 10,261,774, 10,831,468 and 11,210,082. The patents are directed to efficient network communications, including over low bandwidth wireless networks, between various hardware and software systems, including mobile apps. The technology addressed a long felt need by users and the technology industry as a whole to enable higher performance and higher speed communications even over slow wireless networks. Some of the patents also cover location-based systems, data analytics and data visualizations, cloud computing and virtualized processor systems.

    OYO and its Affiliates agreed that each of the Licensed Patents are presumed valid and that challenging the validity of any of the Licensed Patents would be difficult, and that OYO will not challenge the validity of any of the Licensed Patents. OYO and its Affiliates also agreed to settle the Lawsuit and license the Licensed Patents in part because of the high burden of proving invalidity of any of the Licensed Patents.

    This license agreement resolves the legal dispute between S3G and OYO in the United States and confirms the significant value of S3G’s worldwide patent portfolio. The details of the agreement are confidential and will not be disclosed.

    S3G has licensed its patent portfolio to other global brands including the world’s largest real estate brokerages and some of the most popular fast-food companies, restaurants and stores.

    About OYO:
    Opening its doors in 2013, OYO Hotels & Homes, a young hotel startup started by Ritesh Agarwal, today is the world’s leading chain of hotels, homes, and spaces. The portfolio combines fully operated real estate comprising more than 44,000 hotels with over 1.2 million rooms. Through its vacation homes business, the company offers travelers and city dwellers access to over 125,000 homes around the world under the OYO Home and other brands. OYO today operates in over 800 cities in 80 countries, including the U.S., Europe, U.K., India, Middle East, Southeast Asia, and Japan.

    About S3G:
    S3G is a Massachusetts Institute of Technology (MIT) Computer Science and Artificial Intelligence Lab (CSAIL) Startup. In connection with its mobile solutions, S3G has obtained a portfolio of patents covering its innovative technologies. This patent portfolio is the result of several years of research and development, and an investment of millions of dollars.

    The founder of S3G, Dr. Sandeep Chatterjee, who is also the named inventor of the patents, is an award-winning MIT-trained researcher, technologist, inventor and entrepreneur who has used and continues to use innovative technologies to address many of the world’s critical problems, including poverty, access to financial services, “smart” agriculture, and access to clean drinking water. The World Economic Forum named Dr. Chatterjee a Young Global Leader for his professional accomplishments, commitment to society and potential to contribute to shaping the future of the world.

    Dr. Chatterjee’s doctoral dissertation at MIT was selected as one of the most important inventions in computing, and the invention is preserved and showcased in a time capsule at the Museum of Science in Boston, Massachusetts (U.S.A.). Other recipients of this honor include Bill Gates (the Founder of Microsoft) and Tim Berners-Lee (the inventor of the World Wide Web). Dr. Chatterjee developed one of the first mobile banking solutions, and his technology was identified as a Bloomberg Innovation, and featured on Bloomberg TV’s “Bloomberg Innovators” program.

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