WILMINGTON, Del., March 14, 2013 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq:IDCC), a wireless research and development company, today announced that its patent holding subsidiaries have entered into a new agreement with SII Mobile Communications Inc. to extend patent coverage to include 4G technologies, including LTE and LTE-Advanced, as well as products not previously covered under the parties' existing agreement. The patent license agreements now provide SII Mobile Communications with worldwide, non-transferable, non-exclusive, royalty-bearing patent coverage for certain products designed to operate in accordance with 2G, 3G, and 4G wireless technologies. SII Mobile Communications Inc. is a subsidiary of Seiko Instruments Inc. and is headquartered in Japan.
"We are pleased that SII Mobile Communications has agreed to extend their patent coverage to include 4G, reflecting InterDigital's growing portfolio of 4G patents," said Lawrence F. Shay, President of InterDigital's patent holding subsidiaries. "With the signing of another licensee to our 4G portfolio, we continue the 4G licensing momentum we have shown over the last several months. As the 4G product market continues to grow, we expect more licensees to amend their patent license agreements with us to cover their 4G products and we expect our recurring royalties beyond 2G and 3G royalties to increase as well."
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 . The InterDigital, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=17586
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