InterDigital and LG Electronics, Inc. Sign Multi-Year Patent License Agreement
December 04 2017 - 8:30AM
InterDigital, Inc. (NASDAQ:IDCC), a wireless research and
development company, today announced that the company’s patent
licensing subsidiaries have signed a multi-year, worldwide,
non-exclusive patent license with LG Electronics, Inc. (“LG”), a
global leader and technology innovator in consumer electronics,
mobile communications and home appliances. The deal also commits
the parties to explore cooperation for projects related to the
research and development of video and sensor technology for
connected and autonomous vehicles.
The agreement covers the 3G, 4G and 5G terminal unit products of
LG and its affiliates and sets forth a royalty of cash payments to
InterDigital as well as a process for the transfer of patents from
LG to InterDigital. The parties have also agreed to terms for
dismissal by InterDigital of the outstanding litigation among the
parties and their affiliates.
“We are very happy to have resolved our licensing dispute with
LG on mutually agreeable terms and look forward to a successful
relationship with LG going forward. This agreement with LG
shows how our longstanding patent licensing framework and process
can lead to effective, productive discussions and eventual
resolution on a worldwide basis,” said William J. Merritt,
President and Chief Executive Officer of InterDigital. “The
agreement also underscores the broad portfolio of technologies
we’ve contributed and continue to contribute to the entire
industry, and represents another important step towards our efforts
to bring a significant portion of major terminal unit providers
under license.”
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 WilleEmail:
patrick.vandewille@interdigital.com +1 (858) 210-4814
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