dws
1 week ago
InterDigital Wins Two CSI Awards for Best Immersive Video and Video Processing Technology
Company Release - 9/16/2024
InterDigital awarded for contributions to MPEG immersive standards and Advanced HDR solutions
WILMINGTON, Del., Sept. 16, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, was awarded two CSI Awards recognizing excellence in video processing solutions and the delivery of immersive video experiences. The CSI awards, organized by the Cable and Satellite International (CSI) Magazine, recognize innovation and excellence in the cable, satellite, broadcast, IPTV, telco, broadband/OTT video, mobile TV and associated sectors. The annual awards are presented at the International Broadcasting Convention (IBC) and were announced on September 13, 2024.
“The prestigious CSI Awards have recognized the impact of our foundational research on immersive video and HDR solutions, and I congratulate our team of engineers and inventors who made this recognition possible,” said Chief Technology Officer Rajesh Pankaj. “These awards are a testament to the caliber of our research and innovation impact across the industry.”
In the category of Best Immersive Video, InterDigital was awarded for cutting-edge video innovation and contributions to MPEG immersive standards that play a significant role in ensuring interoperability across immersive experiences, maintaining data rates that are sustainable, and innovating solutions to deliver immersive experiences at scale. The MPEG Visual Volumetric Video-based Coding (V3C) standard defines the general mechanism for coding and streaming volumetric content through two main codecs: Video-based Point Cloud Compression (V-PCC) and MPEG Immersive Video (MIV). InterDigital is a leading contributor to both codecs, which can be applied across a variety of immersive-enhanced experiences, from entertainment, to telelearning, and increasingly to the delivery of live and esports, with assurance that the content can be enjoyed efficiently and seamlessly at scale across a variety of devices. InterDigital is also a pioneer in the MPEG-I Haptics standard, which will outline how to create, stream, and render haptic content at scale, and is exploring how to translate and distribute large scale haptic-enhanced immersive video experiences to audiences with varying device capabilities and requirements.
In the category of Best Video Processing Technology, InterDigital was awarded for contributions to Advanced HDR by Technicolor solutions that optimize HDR technology for OTT streaming by providing a superior viewing experience without increasing processing and bandwidth requirements. A collaboration between InterDigital, Philips and Technicolor, Advanced HDR by Technicolor is a suite of high dynamic range (HDR) production, distribution and display solutions that leverage machine learning to maximize the image quality of any HDR format. Ensuring legacy SDR content meets modern HDR standards, InterDigital contributes to Advanced HDR capabilities that empower seamless integration of SDR and HDR content into a single workflow, while reducing costs through automatic conversion.
To learn more about the 2024 CSI Award winners, please click here.
dws
1 week ago
InterDigital Announces Annual Recurring Revenue Target Of $1 Billion By 2030
Company Release - 9/16/2024
WILMINGTON, Del., Sept. 16, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, has announced targets of $1 billion in annual recurring revenue and $600 million in adjusted EBITDA by 2030.
“In the past four years, we have almost doubled our revenue, improved our execution across the business, and taken multiple steps to enhance shareholder value,” noted Liren Chen, President and CEO, InterDigital. “Based on our world-class innovation in wireless, video and AI, accelerating momentum across the business, the large addressable markets available to us, and new greenfield opportunities, we believe we are perfectly positioned to deliver significant growth in revenue and profitability in coming years.”
InterDigital’s executive team announced and discussed the new targets at a recent investor day. Links to investor day materials can be found below:
The presentation is here.
A full replay is here.
About InterDigital®
InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit the InterDigital website: 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. Words such as “believe,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “forecast,” “goal,” “could,” "would," "should," "if," "may," "might," "future," "target," "trend," "seek to," "will continue," "predict," "likely," "in the event," and variations of any such words or similar expressions are intended to identify such forward-looking statements.
Forward-looking statements are made on the basis of management’s current views and assumptions and are not guarantees of future performance. Forward-looking statements are inherently subject to risks and uncertainties that could cause actual results, and actual events that occur, to differ materially from results contemplated by the forward-looking statements. These risks and uncertainties include, but are not limited to: (i) unanticipated delays, difficulties or accelerations in the execution of patent license agreements; (ii) the resolution of current legal proceedings, including any awards or judgments relating to such proceedings, additional or related legal proceedings, including appeals, changes in the schedules or costs associated with such proceedings or adverse rulings; (iii) our ability to leverage our strategic relationships and secure new patent license agreements on acceptable terms; (iv) our ability to enter into sales and/or licensing partnering arrangements for certain of our patent assets; (v) our ability to expand our revenue opportunities by entering into licensing arrangements with video streaming and other cloud-based service providers; (vi) our ability to enter into partnerships with leading inventors and research organizations; (vii) our ability to identify and pursue strategic acquisitions of technology and patent portfolios and other strategic growth opportunities; (viii) our ability to commercialize our technologies and enter into customer agreements; (ix) the failure of the markets for our current or new technologies to materialize to the extent or at the rate that we expect; (x) our continued ability to develop new technologies and secure new patents, including the risk of unexpected delays or difficulties related to the development of our technologies; (xi) risks associated with our capital allocation strategies, including risks associated with our planned dividend payments and share repurchases; (xii) changes in our interpretations of, and assumptions and calculations with respect to the impact on us of, the 2017 Tax Cuts and Jobs Act, as well as further guidance that may be issued regarding such act; (xiii) risks related to the potential impact of new accounting standards on our financial position, results of operations or cash flows; (xiv) failure to accurately forecast the impact of our restructuring activities on our financial statements and our business; (xv) the timing and impact of potential regulatory, administrative and legislative matters; (xvi) changes or inaccuracies in market projections; (xvii) our ability to obtain liquidity though debt and equity financings; (xviii) the potential effects that macroeconomic uncertainty could have on our financial position, results of operations and cash flows; (xix) impacts from acts of terrorism, war or political or civil unrest, or any responses thereto, in the United States or elsewhere; (xx) changes in our business strategy; (xxi) changes or inaccuracies in our expectations with respect to royalty payments by our customers and (xxii) risks related to our assumptions and application of relevant accounting standards, including with respect to revenue recognition.
We undertake no duty to revise or update publicly any forward-looking statement for any reason, except as otherwise required by law.
InterDigital Contact:
InterDigital Investor Relations
Email: investor.relations@interdigital.com
+1 (302) 300-1857
badgerkid
2 weeks ago
Short interest finally saw a drop:
08/30/2024 4,396,565
08/15/2024 4,999,206
07/31/2024 4,982,695
07/15/2024 4,924,689
06/28/2024 4,650,211
06/14/2024 4,457,754
05/31/2024 4,404,119
05/15/2024 3,680,204
dws
2 weeks ago
At 6GSymposium, InterDigital to Lead Crucial Discussions on Emerging Use Cases and Avenues Towards 6G Profitability
Company Release - 9/9/2024
CTO Rajesh Pankaj and Head of Wireless Labs Milind Kulkarni among speakers as InterDigital returns as Symposium partner
WILMINGTON, Del., Sept. 09, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, announced its return to the 6GSymposium alongside partners Northeastern University Institute for the Wireless Internet of Things, Next G Alliance, and host 6GWorld. InterDigital is a founding partner of the 6GSymposium, which is now in its fifth year. The 2024 Fall Symposium focuses on “Crucial Conversations” and invites leaders in technology, policy, and business to discuss the fundamental issues facing 6G development, including the value it can create and where it is best applied.
The 6GSymposium will take place in Washington, D.C. on September 23 - 24 and will feature executive and expert panel discussions with industry leaders, including InterDigital CTO Rajesh Pankaj and Head of Wireless Labs Milind Kulkarni. Doug Castor, InterDigital’s Senior Director and Head of Wireless Research will introduce a keynote session exploring the most compelling use cases for the ‘next G’ and participate in a panel exploring the global standards ushering in new wireless capabilities and services.
The following details InterDigital’s participation in the Symposium.
Monday, September 23
What’s The Most Compelling Use Case for the Next G? 1:00 – 2:00
InterDigital’s Doug Castor will introduce this keynote conversation featuring perspectives from FCC Commissioner Geoffrey Starks, Nokia President of Bell Labs Core Research Peter Vetter, ATIS VP of Technology Policy and Government Affairs David Young, and TIA CEO David Stehlin on the possible avenues to make 6G more likely to be important and useful to end users. More here.
How Do We Make the 6G Transformation Profitable? 3:30 – 4:30
In a panel discussion exploring the avenues to ensure the 5G to 6G transition is one of technical and commercial growth, InterDigital’s Rajesh Pankaj will share insights on the role of innovation and standardization to enhance the ROI for 6G and will speak alongside industry executives including Rakuten Symphony CMO Geoff Hollingworth, Accenture Cloud First Chief Strategy Officer Jefferson Wang, and Echostar CTO Eben Albertyn. The panel will be moderated by More with Mobile Founder Ken Figueredo. More here.
Tuesday, September 24
New Features to Enable New Markets 11:30 – 1:00
The success of a 6G-era cellular market is likely to demand new services that have not been seen in prior generations and will depend on key technology enablers for growth. In this session, InterDigital’s Milind Kulkarni will share his expertise on emerging 6G features and capabilities, alongside industry experts Diane Rinaldo, Executive Director of the Open RAN Policy Coalition, Ray Dolan, CEO of Cohere Technologies, and Mark Kahn, Senior Fellow and Principal Investigator for 5G.Mil at Lockheed Martin. The discussion will be moderated by Ian Wong, Senior Director in the Office of the CTO at Viavi. More here.
A Global Next G: Global Standards, Global Services? 2:45 – 3:30
While institutions like the ITU and 3GPP present a global standards framework to usher in new generations of communications capabilities, countries around the world are exploring distinct agendas and avenues to leverage the possibilities of a ‘global’ 6G. InterDigital’s Doug Castor, Co-Chair of the ATIS Next G Alliance Steering Group, will join Bharat 6G Alliance Board Member Kiran Kuchi, Director of NICT’s Beyond 5G Design Initiative Kentar Ishizu, and ITRI Research Consultant Mitch Tseng in this discussion moderated by SNS-JU Head of Programmes Javier Albares. More here.
The full 6GSymposium agenda and registration details can be found here.
About InterDigital ®
InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
InterDigital Contact:
Roya Stephens
Email: Roya.Stephens@interdigital.com
+1 (202) 349-1714