InterDigital, Inc. (NASDAQ: IDCC) today announced that its patent holding subsidiaries have entered into an agreement which extends the term of their worldwide, non-exclusive, royalty-bearing patent license agreement with Research In Motion Limited (“RIM”). In addition to extending the patent license agreement for a multi-year period consistent with InterDigital’s licensing program, the parties agreed to amend the patent license to add coverage for 4G products, including LTE and LTE-Advanced products.
“This agreement, which extends the term of our patent license with RIM and includes 4G product coverage, continues the strong validation of InterDigital’s patent portfolio and our patent licensing program,” said Lawrence F. Shay, President of InterDigital’s patent holding subsidiaries. “We continue to experience very good progress in our 4G licensing program and look forward to adding additional 4G licensees.”
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. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400
InterDigital is a registered trademark of InterDigital, Inc.
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This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements concerning the company's current beliefs, plans and expectations. Examples of these statements include, but are not limited to, statements regarding our expectation of adding additional 4G licensees. Actual results may differ materially from those indicated in forward-looking statements as a result of various important factors, including but not limited to our ability to enter into additional 4G patent license agreements on expected terms, if at all. We undertake no duty to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law, regulation or other competent legal authority.