Successful Year for InterDigital's Innovation Partners
December 15 2014 - 9:00AM
With today's announcement of a new research agreement with the
Institute for Management Cybernetics (IfU) in Aachen, Germany,
mobile technology research and development company InterDigital,
Inc. (Nasdaq:IDCC) took the opportunity to highlight the tremendous
success of its Innovation Partners group. Launched in 2013, the
group drives the company's open innovation strategy and supplements
InterDigital's core longtime strength in connectivity.
From a standing start in 2013, the group has achieved several
impressive milestones:
- Research agreements with 13 inventors, representing some of the
leading-edge scientists, university researchers and inventors
around the world;
- Three projects resulting from partnerships with private
industry research partners, including VTT Technical Research Centre
of Finland, a multi-technological applied research organization in
Northern Europe, and today's latest announcement with IfU, an elite
private research institute in Germany;
- Three projects resulting from university partnerships,
including with McGill University in Canada, one of the world's top
universities and ranked #1 in Canada for ten years in a row
according to MacLean's;
- Two research collaboration and investments in emerging
technology companies;
- Four acquisitions in complementary technology areas focused on
Content and Context – key elements of what the company calls The
Living Networksm; and
- By year-end, a total of more than 100 inventions, also focused
on Content and Context.
Innovation Partners has been driven by two seasoned industry
veterans:
- Serhad Doken, Vice President, Partner Development, leads
InterDigital's external partnering activities. Mr. Doken
contributes more than two decades of experience in the technology
industry, including tenures with companies such as Qualcomm, Cisco
Systems and Nortel Networks. Mr. Doken joined InterDigital in 2009
and has been involved in mapping out the company's technology
vision and strategy. He holds a B.S and a M.S. in Computer
Engineering from Bosphorus University in Istanbul, Turkey.
- Neal Shah, Vice President, Corporate Development and Strategy,
drives InterDigital's corporate development efforts. Mr. Shah
brings to his role 15 years of experience in M&A, corporate
development and strategy, and joined InterDigital in 2012. Prior to
InterDigital, Mr. Shah served as Managing Director of Evercore
Partners' corporate advisory business focused on technology,
telecom and intellectual property, and previously held similar
roles at Expedia Inc. and Microsoft Corporation. He holds a B.S. in
Economics with a concentration in Finance from The Wharton School
of the University of Pennsylvania.
"The mobile space is broadening very rapidly, and it's essential
for InterDigital to continue to involve itself in innovation that
is adjacent to InterDigital Labs' core areas of expertise. Over the
past year, our Innovation Partners group has made targeted
investments in emerging technology companies, broadened our
intellectual property portfolio significantly, and funded research
with prolific inventors, renowned research institutes and
universities. The efforts of Serhad and Neal in broadening our
exposure to innovation and commercial initiatives represent an
important contribution alongside our own core research efforts,"
said William J. Merritt, President and CEO of InterDigital.
For more information on InterDigital, please visit:
www.interdigital.com. For additional details on Innovation
Partners, please visit:
http://www.innovation-partners.com/about_us.
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.
CONTACT: Patrick Van de Wille
Email: patrick.vandewille@interdigital.com
+1 (858) 210-4814
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