InterDigital and Huawei Sign Multi-Year Patent License Agreement for 3G and 4G Terminal Units
September 06 2016 - 8:30AM
InterDigital, Inc. (NASDAQ:IDCC), a mobile 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
largest holders of intellectual property rights in the information
and communications technology industry.
The agreement covers Huawei’s and its affiliates’ sales of their
3G and 4G terminal unit products and sets forth cash payments to
InterDigital and a process for transfer of patents from Huawei to
InterDigital. In addition, the companies have agreed to a
framework for discussions regarding joint research and development
efforts. The companies have settled all proceedings related
to the arbitration initiated in December
2013.
“We're pleased to conclude an agreement with Huawei that
reflects the strength of InterDigital's research and contributions
to global wireless standards and Huawei's success in the global
wireless device market,” said William J. Merritt, Chief Executive
Officer of InterDigital, Inc. “We look forward to the opportunity
to broaden our relationship through possible collaboration in
advanced technologies areas. ”
About InterDigital®
InterDigital develops mobile 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 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.
InterDigital Contact:
Patrick Van de Wille
Email: patrick.vandewille@interdigital.com
+1 (858) 210-4814
InterDigital (NASDAQ:IDCC)
Historical Stock Chart
From Mar 2024 to Apr 2024
InterDigital (NASDAQ:IDCC)
Historical Stock Chart
From Apr 2023 to Apr 2024