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TheStreet Open House

Sony And InterDigital Team To Launch Machine-to-Machine Focused Joint Venture Called Convida Wireless

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. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400 ® index. InterDigital is a registered trademark of InterDigital, Inc. For more information, visit: www.interdigital.com.

About Sony Corporation of America

Sony Corporation of America, based in New York, NY, is the U.S. subsidiary of Sony Corporation, headquartered in Tokyo, Japan. Sony Corporation is a leading manufacturer of audio, video, communications, and information technology products for the consumer and professional markets. Its motion picture, television, computer entertainment, music and online businesses make Sony one of the most comprehensive entertainment and technology companies in the world. Sony's principal U.S. businesses include Sony Electronics Inc., Sony Computer Entertainment America LLC, Sony Pictures Entertainment Inc., and Sony Music Entertainment. Sony recorded consolidated annual sales of approximately $79 billion for the fiscal year ended March 31, 2012, and it employs 162,700 people worldwide.

About Stephens Capital Partners LLC

Stephens Capital Partners LLC is the principal investing affiliate of Stephens Inc., a full service investment banking firm headquartered in Little Rock, Arkansas, which maintains offices in Conway, Hot Springs and Fayetteville, Arkansas and outside Arkansas in Atlanta, Austin, Baton Rouge, Boston, Charlotte, Chicago, Columbia, Dallas, Houston, Jackson, Memphis, Nashville, New Haven, New York City, Oklahoma City, Richmond, St. Petersburg, Washington, D.C. and London. For more information, please visit www.stephens.com

Forward-Looking Statements

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 our current beliefs, plans and expectations. Examples of these statements include, but are not limited to, statements regarding the focus of the joint venture, Sony’s expectation for the joint venture to be a platform for additional industry collaboration and InterDigital’s belief about the effect of the joint venture on InterDigital’s research efforts in M2M. Actual results may differ materially from those indicated in forward-looking statements as a result of various important factors, including but not limited to the activities and success of the joint venture. 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.

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