Remember the FCV? It's the rather strange looking hydrogen powered car to come from Toyota, in a effort to make the fuel more popular Toyota are giving away the rights to its patent's allowing faster development of the hydrogen power in other cars.
Toyota Motor Corporation will allow royalty-free use of approximately 5,680 of the FCV-related patent licenses, including pending applications, it holds globally on an unconsolidated basis.
This means that anyone who would like to develop parts that Toyota have can use the plans royalty free. This is big news because Toyota have already done a lot of the ground work for Hydrogen power so any company wishing to move their research on can now use what Toyota have already done as a starting point.
Toyota believes it is important to give priority to spurring more widespread use of FCVs.
Toyota will allow royalty-free use of its FCV patent licenses by those manufacturing and selling FCVs through the initial market introduction period, which is anticipated to continue until about 2020.
Toyota has always had an open policy regarding use of its intellectual property, allowing licensing of patents by third parties that pay appropriate usage fees.
Toyota aren't the only ones giving a leg up to the parts maker, Tesla have a similar agreement going for it's electric powered cars that allows researchers to use Tesla's knowledge to further research in their own parts and therefor pushing electric car technology forward.