InterDigital Signs License Agreement With Huawei
28 April 2020 - 10:00PM
InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology
research and development company, today announced that, together
with its patent holding subsidiaries, it has signed a multi-year,
worldwide, non-exclusive, royalty bearing patent license agreement
with Huawei Investment & Holding Co., Ltd. ("Huawei”), one of
the world’s leaders in the information and communications
technology industry.
The agreement covers certain of Huawei’s products and certain of
InterDigital’s essential patents. InterDigital and Huawei have also
agreed to dismiss all pending litigation between the companies.
“This agreement, reached amid challenging circumstances given
the current economic downturn, highlights the strength of our
business and the value of InterDigital’s contributions to multiple
generations of wireless and video standards,” said William J.
Merritt, President and CEO. “The agreement also underscores the
fairness and flexibility of our licensing approach, including our
rate and portfolio transparency, which set an industry
standard.”
About InterDigital®
InterDigital develops mobile and video technologies that are at
the core of 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, better video delivery, and richer multimedia experiences
years ahead of market deployment. InterDigital has licenses and
strategic relationships with many of the world's leading technology
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.
InterDigital Contact:Patrick Van de WilleEmail:
patrick.vandewille@interdigital.com +1 (858) 210-4814 |
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