InterDigital, Inc. (NASDAQ: IDCC) today announced that its patent holding subsidiaries have entered into an amendment to their worldwide, non-exclusive, royalty-bearing patent license agreement with Cinterion Wireless Modules GmbH (“Cinterion”). The agreement has been amended to add coverage for the 4G technologies LTE and WiMAX™ and to extend the license term to 2016. The patent license, which previously provided coverage for Machine-to-Machine (M2M) modules and PC Cards, also has been expanded to cover modules for use in certain consumer electronic devices such as personal computers, tablets, and gaming devices.
“This agreement with Cinterion further expands the licensing of InterDigital’s 4G portfolio into areas of opportunity such as the growing markets for consumer electronic products and M2M devices. Based on Cinterion’s large share of the market for M2M modules and Cinterion’s desire to expand into the market for modules used in consumer electronic devices, we are pleased to have signed Cinterion to a longer term and broader license that now includes coverage for LTE and WiMAX™ standards,” commented Lawrence Shay, President of InterDigital’s patent holding subsidiaries.
Cinterion, headquartered in Munich, Germany, is one of the world’s leading suppliers of cellular M2M communication modules that enable machines, equipment and vehicles to communicate over wireless networks, helping enterprises cut costs and increase productivity and efficiency. The company's products are used for remote maintenance and control; metering; payment systems; industrial PDAs; routers and gateways; security systems; health care; automotive and eToll; tracking and tracing; environmental monitoring and more.
About InterDigital ®InterDigital develops fundamental wireless technologies that are at the core of mobile devices, networks, and services worldwide. We solve many of the industry's most critical and complex technical challenges, inventing solutions for more efficient broadband networks and a richer multimedia experience years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world's leading wireless companies.
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