Adeia Renews IP License Agreement with Germany’s TechniSat
Adeia Inc. (Nasdaq: ADEA), the company whose patented innovations
shape the way the world explores and experiences entertainment,
today announced that TechniSat, a leading consumer electronics
organization, has entered into a multi-year agreement to renew
their license to Adeia's media intellectual property (IP)
TechniSat has an established reputation for delivering
innovative technologies designed for ease of use. For more than 35
years, TechniSat has been providing its customers with first-class
video and audio entertainment at home.
"TechniSat is committed to its promise of delivering
best-in-class TVs, set-top boxes and a full range of smart-home
solutions to an extremely sophisticated consumer base," said Dr.
Mark Kokes, Adeia's chief licensing officer and general manager of
media. "This renewal reflects the strong partnership between the
two companies and the role Adeia's media IP portfolio plays in
supporting TechniSat's feature-rich offerings."
Adeia has spent decades investing in advanced 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.
"As the complexity of today's digital entertainment environment
rises, the need for intuitive technology-enabled experiences also
increases," said Stefan Kön, managing director at TechniSat Digital
GmbH. "TechniSat will continue to keep a close eye on this
development and offer precisely those functions in its products and
services that customers really want."
Adeia is a leading R&D and intellectual property (IP)
licensing company that accelerates the adoption of innovative
technologies in the media and semiconductor industries. Adeia's
fundamental innovations underpin technology solutions that are
shaping and elevating the future of digital entertainment and
electronics. Adeia's IP portfolios power the connected devices that
touch the lives of millions of people around the world every day as
they live, work and play. For more, please visit www.adeia.com.
TechniSat Digital GmbH was founded in 1987 by Peter Lepper with
the aim of offering high-quality satellite reception technology for
consumers. Today TechniSat is one of the leading German
manufacturers of consumer electronics products. The range includes
televisions, digital radios, smart home products and other
lifestyle electronic devices. Since 2020, TechniSat has been
producing medical masks as well as masks of protection classes FFP2
at its sites in Schöneck/Vogtland (Saxony) and Staßfurt (near
Magdeburg). TechniSat also develops and produces innovative
charging stations "Made in Germany" for electric cars.
With more than 1,000 employees and a total of eight locations,
five of which are in Germany, TechniSat relies on a very high level
of vertical integration as well as on a comprehensive service
programme, with the aim of always meeting the high expectations of
TechniSat is a company of the LEPPER Foundation.
For Information Contact:Investor RelationsChris
Media RelationsStephanie StockerConveyor
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