Adeia Extends IP License Agreement with Verizon
03 March 2023 - 12:30AM
Adeia Inc. (Nasdaq: ADEA) (the “Company” or “Adeia”), today
announced that Verizon (NYSE, Nasdaq: VZ) has entered into a
multi-year extension of its license to Adeia’s media patent
portfolio.
As one of the largest communications providers in the U.S.,
Verizon offers a variety of services to customers over its
networks, including video, voice, wireless internet data access,
data security solutions and home and business communications.
“Our patent license extension with Verizon further confirms the
value and longevity of Adeia’s intellectual property portfolios,
including in the U.S. pay-TV market,” said Dr. Mark Kokes, Adeia’s
chief licensing officer and general manager, media. “We are excited
to extend our relationship with Verizon, one of the world’s leading
providers of technology, communications, information and
entertainment products.”
Adeia has spent decades investing in research and development to
create a market-leading portfolio for the media and entertainment
industry. Adeia’s innovative patents 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 Adeia Adeia 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 VerizonVerizon Communications Inc. (NYSE,
Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s
leading providers of technology and communications services.
Headquartered in New York City and with a presence around the
world, Verizon generated revenues of $133.6 billion in 2021. The
company offers data, video and voice services and solutions on its
award-winning networks and platforms, delivering on customers’
demand for mobility, reliable network connectivity, security and
control.
For Information Contact: Investor RelationsNed
Mitchell Idalia RodriguezArbor Advisory Group IR@adeia.com
Media RelationsStephanie StockerConveyor
Marketingmarketing@adeia.com
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