Adeia Renews Multi-Year IP License Agreement with SONIFI to Serve the Hospitality Industry’s Need for Next-Generation Digital Entertainment Services
14 December 2022 - 12:30AM
Adeia Inc. (Nasdaq: ADEA) (“Adeia” or the “Company”), the company
whose innovations shape the way the world explores and experiences
entertainment, today announced that it has renewed a multi-year
agreement with SONIFI Solutions, Inc., a leading technology
services provider for the hospitality industry, to license Adeia's
media intellectual property (IP) portfolio.
SONIFI has served the hospitality industry for over 30 years,
offering technology solutions that enhance the engagement,
entertainment and digital experience of hotel and resort guests.
The rapid transformation of the digital entertainment landscape has
altered how video, entertainment, and connectivity services are
delivered to leisure and business travelers. SONIFI’s solutions
offer property managers, owners, and guests next-generation
applications and services to meet constantly changing consumer
desires for entertainment and digital services when they are away
from home.
"SONIFI is addressing the evolving needs of the hospitality
industry as the world emerges from travel restrictions imposed by a
global pandemic that had constrained business and leisure travel.
We are excited about the relationship Adeia is building with one of
the leading technology providers to a sector that is of critical
importance to the global economy," said Dr. Mark Kokes, Adeia's
chief licensing officer and general manager, media. "Our license
agreement with SONIFI further confirms the value and longevity of
Adeia's media IP portfolio for organizations serving the traveling
public's needs and we are excited to both expand and extend our
relationship with them."
When traveling, consumers today expect the same high-quality
content and entertainment services they experience in their home
environments. Hotels, luxury resorts and other segments of the
hospitality sector are consequently under increasing pressure to
provide intuitive and seamless video and connectivity services for
consumers on the go.
"Industry leaders are leveraging innovations that improve
digital entertainment experiences by making it possible for
consumers to quickly, easily and intuitively find the content and
services they want to enjoy. The IP included in Adeia's media
portfolio allows hospitality service providers to deliver guests
truly personalized media experiences," Dr. Kokes said.
Adeia has spent decades investing in research and development to
create market-leading technologies for the media and entertainment
industry. Adeia's innovative solutions touch practically every
aspect of consumers' day-to-day interaction with their
entertainment, enabling Adeia's customers to build customized,
next-generation digital entertainment solutions for users around
the globe.
About AdeiaAdeia invents, develops and licenses
fundamental innovations that shape the way millions of people
explore and experience entertainment in an increasingly connected
world. From TVs to smartphones, and across all types of
entertainment experiences, Adeia’s technologies allow users to
manage content and connections in a way that is smart, immersive
and personal. For more information, please visit adeia.com.
About SONIFI®
Solutions, Inc.SONIFI Solutions is a technology
and service platform for the smart enterprise. Serving 5,000+
customers across hospitality, healthcare and commercial sectors
worldwide, SONIFI simplifies complex technology projects at scale
with unparalleled service and support. Learn more at
sonifi.com.
For Information Contact:
Investor RelationsIdalia Rodriguez and Jill KovalArbor Advisory
GroupIR@adeia.com
MarketingStephanie StockerConveyor
Marketingstephanie@conveyormarketing.com
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