InterDigital Provides Infrastructure Licensing Update
July 22 2014 - 8:00AM
InterDigital, Inc. (Nasdaq:IDCC), a wireless research and
development company, today provided an update on licensing
activities related to infrastructure, including the creation of the
Signal Trust for Wireless Innovation (the "Signal Trust"). Since
the creation of the Signal Trust in October 2013, the company's
infrastructure licensing efforts have resulted in signed agreements
expected to deliver approximately $100 million in cash over the
next nine years, with a substantial portion of the wireless
infrastructure market remaining.
"We are very pleased with the success of our initiative to
monetize the valuable research performed by InterDigital Labs over
the last decade related to cellular infrastructure, and these
agreements set a very solid base for future licensing activities,"
said William J. Merritt, InterDigital President and CEO. "Our
pioneering inventions are being recognized by equipment
manufacturers, without the need for extensive investigation or
litigation. We look forward to the Signal Trust delivering more
value through its licensing activities."
InterDigital's research efforts for cellular infrastructure have
been driven by the company's InterDigital Labs internal research
team, and cover a wide range of technologies used in WCDMA and LTE
cellular networks and cellular infrastructure equipment. Those
technologies include dynamic spectrum management, transmission
power control, cell-to-cell handover, integration of cellular and
non-cellular networks, and improved coding and signaling schemes.
More particularly, those research efforts include inventions that
cover multiple technology functions including:
- Enhanced uplink operation, dramatically improving the
reliability of cellular transmissions during the sensitive handover
of the terminal from one cell tower to another;
- Intelligent control of the flow of data from the base station
to the terminal, reducing transmission buffering, signaling errors,
and retransmission requests;
- More efficient data traffic routing in networks that integrate
cellular service and non-cellular wireless service (such as
Wi-Fi™);
- Determination of transmission power between base stations and
terminals, allowing more devices within a single cell to
simultaneous operate at high bandwidth.
InterDigital established the Signal Trust in October 2013 as a
means for monetizing a portfolio of approximately 500 patents and
patent applications related to infrastructure that had not
previously been licensed by the company to any meaningful degree.
The Signal Trust structure provided a focused initiative with its
own management team to drive licensing success. InterDigital also
retained licensing rights under the Signal Trust patents for a
period of time, now lapsed, to permit the company to conclude
licensing deals prior to the Signal Trust assuming full
responsibility. One hundred percent of the benefits of the Signal
Trust accrue to InterDigital and an educational foundation
established by the company to enhance the understanding of the
importance of strong intellectual property protection.
About InterDigital
InterDigital develops 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 press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended. Such statements include information regarding our
current beliefs, plans and expectations, including, without
limitation, (i) the company's expectation that its infrastructure
licensing efforts will deliver approximately $100 million in cash
over the next nine years and (ii) its expectation that the Signal
Trust will deliver more value through its licensing activities.
Words such as "will," "expects," "look forward to" and variations
of such words or similar expressions are intended to identify such
forward-looking statements.
Forward-looking statements are subject to risks and
uncertainties. Actual outcomes could differ materially from those
expressed in or anticipated by such forward-looking statements due
to a variety of factors, including, but not limited to: (i) timely
receipt of payments from the company's licensees and (ii) the
ability of the Signal Trust to enter into patent license agreements
and the timing and terms of any such agreements.
CONTACT: Patrick Van de Wille
Email: patrick.vandewille@interdigital.com
+1 (858) 210-4814
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