InterDigital, Inc. (NASDAQ: IDCC) today announced that its patent
holding subsidiaries have entered into an agreement which extends the
term of their worldwide, non-exclusive, royalty-bearing patent license
agreement with Research In Motion Limited (“RIM”). In addition to
extending the patent license agreement for a multi-year period
consistent with InterDigital’s licensing program, the parties agreed to
amend the patent license to add coverage for 4G products, including LTE
and LTE-Advanced products.
“This agreement, which extends the term of our patent license with RIM
and includes 4G product coverage, continues the strong validation of
InterDigital’s patent portfolio and our patent licensing program,” said
Lawrence F. Shay, President of InterDigital’s patent holding
subsidiaries. “We continue to experience very good progress in our 4G
licensing program and look forward to adding additional 4G licensees.”
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.
Forward-looking Statements
This news release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. For
these purposes, forward-looking statements are statements concerning the
company's current beliefs, plans and expectations. Examples of these
statements include, but are not limited to, statements regarding our
expectation of adding additional 4G licensees. Actual results may differ
materially from those indicated in forward-looking statements as a
result of various important factors, including but not limited to our
ability to enter into additional 4G patent license agreements on
expected terms, if at all. We undertake no duty to update publicly any
forward-looking statement, whether as a result of new information,
future events or otherwise, except as may be required by applicable law,
regulation or other competent legal authority.
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