InterDigital, Inc. (NASDAQ: IDCC) today announced that its patent holding subsidiaries have amended their worldwide, non-exclusive, royalty-bearing patent license agreement with Quanta Computer, Inc. (“Quanta”). The agreement has been amended to add coverage for 4G technologies, including LTE and LTE-Advanced.
“We are pleased that Quanta has expanded its patent coverage to include 4G,” said Lawrence F. Shay, President of InterDigital’s patent holding subsidiaries. “Quanta, which is headquartered in Taiwan, offers a comprehensive portfolio of wireless products. We expect our licensees to continue to amend existing agreements to add 4G coverage, reflecting the significance of our 4G portfolio.”
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
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InterDigital is a registered trademark of InterDigital, Inc.
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding our current beliefs, plans and expectations, including, without limitation, our expectation that more licensees will amend their patent license agreements to cover their 4G products. Words such as “expect,” “believe,” or similar expressions are intended to identify such forward-looking statements.
Forward-looking statements are subject to risks and uncertainties. Actual outcomes could differ materially from those expressed in or anticipated by such forward-looking statements due to a variety of 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.