Adeia Inc. - ADEA STOCK NEWS

Adeia Inc. (Nasdaq: ADEA) has renewed its intellectual property (IP) license agreement with VIZIO, a leading TV seller. The multi-year renewal extends VIZIO's access to Adeia's media IP portfolio for its products and services. Mark Kokes, Adeia's chief licensing officer and general manager of media, expressed excitement about the renewal, highlighting VIZIO's leadership in the digital entertainment space and the continued value of Adeia's technology.

Adeia is a prominent R&D and IP licensing company that accelerates the adoption of innovative technologies in the media and semiconductor industries. The company's fundamental innovations underpin technology solutions shaping the future of digital entertainment and electronics, powering connected devices used by millions of people worldwide.

Adeia Inc. (Nasdaq: ADEA), a leader in semiconductor technology invention, has announced that its technologists will present at several upcoming industry conferences. The presentations will focus on Adeia's hybrid bonding technology, which is important for next-generation high-performance computing and AI applications.

The company will be presenting at three major conferences:

• The IMAPS Conference in Boston (October 1-3, 2024)
• The International Conference on Planarization/CMP Technology (ICPT) in Wiesbaden, Germany (October 16-18, 2024)
• The IEEE CPMT Symposium Japan (ICSJ) in Kyoto, Japan (November 13-15, 2024)

These presentations will cover various aspects of hybrid bonding technology, including process overviews, market demands, future projections, and key enabling processes like chemical mechanical polishing and metrology techniques.

Adeia Inc. (Nasdaq: ADEA) inventors have proposed a groundbreaking solution to improve online video streaming and gaming experiences. Their paper, "Selective Enablement of L4S Transport for Latency-Sensitive Multimedia Delivery," introduces a "fast lane" concept for internet traffic, prioritizing time-sensitive data to reduce lag and buffering.

The innovative approach involves using the L4S (Low Latency, Low Loss, Scalable throughput) fast lane only during data volume surges, preventing congestion while ensuring critical data reaches its destination quickly. Adeia's solution also addresses out-of-order data delivery by splitting data into different QUIC streams.

The paper will be presented at the IEEE International Workshop on Multimedia Signal Processing from October 2-4, 2024, at Purdue University. While implementation across the internet would require cooperation from various entities, Adeia's inventors are optimistic about potential near-future adoption and improvements in user experience for online applications.

Adeia (Nasdaq: ADEA) will present groundbreaking research on detecting and preventing unauthorized broadband sharing at SCTE TechExpo24, September 24-26. The presentation, titled "How to Address Unauthorized Broadband Sharing," will be delivered by Serhad Doken, Adeia's CTO, on September 24.

The research offers innovative solutions using AI, machine learning, and advanced RF techniques to help broadband providers protect revenue streams and enhance consumer cybersecurity. Key methods include:

• Clustering and ML algorithms for detecting suspicious accounts
• Wi-Fi sensing for dynamic household mapping
• Device ranging to identify out-of-home connections
• Continuous authentication processes
• RF signal control for precise coverage management

This presentation highlights Adeia's commitment to developing cutting-edge solutions for critical challenges in the telecommunications industry.

Adeia Inc. (Nasdaq: ADEA) has renewed its intellectual property (IP) license agreement with LG Electronics, Inc. The multi-year deal extends their longstanding partnership and covers Adeia's extensive media IP portfolio. The agreement encompasses technologies in digital video, content discovery, and smart home innovations.

Dr. Mark Kokes, Adeia's chief licensing officer for media, emphasized the enduring value of their intellectual property and its role in enabling cutting-edge entertainment experiences for consumers worldwide. This renewal highlights Adeia's position as a leading technology innovator and demonstrates the ongoing relevance of its portfolio in the rapidly evolving consumer electronics industry.

Adeia Inc. (Nasdaq: ADEA) celebrates Dr. Belgacem Haba, a pioneering semiconductor technology innovator, for receiving his 600th issued U.S. patent. Dr. Haba's groundbreaking inventions have significantly shaped the semiconductor industry, particularly in microelectronics packaging and integration technologies. With over 350 pending worldwide patent applications, his contributions continue to grow.

Dr. Haba's work at Adeia and its predecessor companies has resulted in nearly 1,000 granted worldwide patents. His innovations address critical challenges in semiconductor packaging, thermal management, and 3D integration, extending and redefining Moore's Law. Adeia's chief licensing officer, Dana Escobar, praised Dr. Haba's comprehensive approach to semiconductor innovation and his dedication to mentoring future generations of innovators.

With a Ph.D. in materials science and engineering from Stanford University and extensive experience in the industry, Dr. Haba's multidisciplinary background has enabled him to make significant contributions to the field of semiconductor technology.

Adeia Inc. (Nasdaq: ADEA) has received rulings from the Canadian Court of Appeals on its appeals in the Videotron and Bell/Telus cases. While the Court upheld the lower court's invalidity findings for the patents in question, it agreed with Adeia on several key issues. The Court found errors in the lower court's analysis of royalty-based damages, accounting of profits, and injunctions, which supports patent rights and the licensing environment in Canada.

These favorable rulings are expected to benefit Adeia in its second phase of cases against Videotron and Bell, scheduled for trial in 2025, and in its overall licensing efforts in Canada. The company remains committed to protecting its intellectual property and seeking market-based licenses with Canadian Pay-TV operators. Adeia's management emphasized that these decisions do not affect their 2024 guidance and they continue to see significant opportunities in Canada.

Adeia (NASDAQ: ADEA), a multimedia technology innovator, will present a groundbreaking solution for copyright and attribution in AI-generated images at IEEE MIPR 2024. Dr. Ning Xu will deliver an invited paper on automatic visual citation for text-to-image generation, addressing the need for attribution and transparency in AI-generated content.

The technology efficiently identifies elements potentially derived from existing artwork, enabling the creation of copyright-compliant AI-generated images. This approach ensures proper attribution and respects intellectual property rights. The presentation will take place at the 7th IEEE International Conference on Multimedia Information Processing and Retrieval in San Jose, California, from August 7-9, 2024.

Adeia Inc. (Nasdaq: ADEA) reported Q2 2024 financial results with revenue of $87.4 million, in line with expectations. The company generated over $90 million in cash from operations in the first half of 2024. Key highlights include:

- Signed 5 deals across diverse end markets
- GAAP diluted EPS of $0.07 and non-GAAP diluted EPS of $0.28
- GAAP net income of $8.4 million and adjusted EBITDA of $52.8 million
- Repriced term loan for annual interest expense savings of ~$3 million
- Distributed quarterly cash dividend of $0.05 per share

Adeia reiterated its full-year 2024 revenue outlook of $380.0 - $420.0 million and updated its financial outlook to reflect lower operating expenses and interest expense.