Adeia and LG Electronics Renew Media IP License Agreement
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) ha rinnovato il suo accordo di licenza sulla proprietà intellettuale (IP) con LG Electronics, Inc. Questo accordo pluriennale estende la loro lunga partnership e copre l'ampio portafoglio IP di Adeia nel settore media. L'intesa include tecnologie in video digitale, scoperta di contenuti e innovazioni per la smart home.
Il Dr. Mark Kokes, responsabile della licenza per i media di Adeia, ha sottolineato il valore duraturo della loro proprietà intellettuale e il suo ruolo nell'abilitare esperienze di intrattenimento all'avanguardia per i consumatori di tutto il mondo. Questo rinnovo evidenzia la posizione di Adeia come innovatore tecnologico di primo piano e dimostra la continua rilevanza del suo portafoglio nell'industria dell'elettronica di consumo in rapida evoluzione.
Adeia Inc. (Nasdaq: ADEA) ha renovado su acuerdo de licencia de propiedad intelectual (IP) con LG Electronics, Inc. Este acuerdo a largo plazo extiende su colaboración duradera y abarca el extenso portafolio de IP de Adeia en medios. El acuerdo incluye tecnologías en video digital, descubrimiento de contenido e innovaciones para el hogar inteligente.
El Dr. Mark Kokes, director de licencias de medios de Adeia, enfatizó el valor perdurable de su propiedad intelectual y su papel en la creación de experiencias de entretenimiento de vanguardia para los consumidores en todo el mundo. Esta renovación resalta la posición de Adeia como un innovador tecnológico líder y demuestra la continua relevancia de su portafolio en la rápidamente cambiante industria de la electrónica de consumo.
Adeia Inc. (Nasdaq: ADEA)는 LG Electronics, Inc.와의 지식 재산(IP) 라이센스 계약을 갱신했습니다. 이번 다년간의 계약은 그들의 오랜 파트너십을 연장하며 Adeia의 광범위한 미디어 IP 포트폴리오를 포함합니다. 이 계약은 디지털 비디오, 콘텐츠 탐색 및 스마트 홈 혁신에 관한 기술을 포함합니다.
Adeia의 미디어 라이센스 책임자인 Dr. Mark Kokes는 그들의 지식 재산의 지속적인 가치와 전 세계 소비자에게 최첨단 엔터테인먼트 경험을 제공하는 역할을 강조했습니다. 이번 갱신은 Adeia가 선도적인 기술 혁신자로서의 위치를 강조하며, 급변하는 소비자 전자제품 산업에서 포트폴리오의 지속적인 중요성을 보여줍니다.
Adeia Inc. (Nasdaq: ADEA) a renouvelé son accord de licence de propriété intellectuelle (IP) avec LG Electronics, Inc. Ce contrat pluriannuel prolonge leur partenariat de longue date et couvre le vaste portefeuille de propriété intellectuelle d'Adeia dans les médias. L'accord inclut des technologies dans le domaine de la vidéo numérique, de la découverte de contenu et des innovations pour la maison intelligente.
Dr. Mark Kokes, directeur des licences des médias chez Adeia, a souligné la valeur durable de leur propriété intellectuelle et son rôle dans la création d'expériences de divertissement à la pointe de la technologie pour les consommateurs du monde entier. Ce renouvellement met en valeur la position d'Adeia en tant qu'innovateur technologique de premier plan et démontre la pertinence continue de son portefeuille dans l'industrie de l'électronique grand public en pleine évolution.
Adeia Inc. (Nasdaq: ADEA) hat seine Lizenzvereinbarung zur geistigen Eigentum (IP) mit LG Electronics, Inc. erneuert. Der mehrjährige Vertrag verlängert ihre langjährige Partnerschaft und umfasst Adeias umfangreiches Portfolio an Medien-IP. Die Vereinbarung beinhaltet Technologien im Bereich digitale Videotechnologie, Inhaltsentdeckung und intelligente Heiminnovationen.
Dr. Mark Kokes, Adeias Chief Licensing Officer für Medien, betonte den anhaltenden Wert ihres geistigen Eigentums und seine Rolle bei der Ermöglichung von hochmodernen Unterhaltungserlebnissen für Verbraucher weltweit. Diese Erneuerung unterstreicht Adeias Position als führender Technologieinnovator und zeigt die anhaltende Relevanz seines Portfolios in der sich schnell entwickelnden Verbraucherelektronikbranche.
- Renewal of multi-year IP license agreement with LG Electronics
- Agreement covers a wide range of technologies in Adeia's media IP portfolio
- Reinforces Adeia's position as a leading technology innovator in the consumer electronics industry
- None.
Insights
The renewal of Adeia's IP license agreement with LG Electronics is a positive development for Adeia. This multi-year deal ensures a continued revenue stream from one of the world's largest consumer electronics manufacturers. The agreement's scope, covering digital video, content discovery and smart home technologies, indicates the broad applicability of Adeia's IP portfolio in the evolving tech landscape.
While specific financial terms aren't disclosed, such licensing agreements typically contribute significantly to Adeia's revenue. The renewal suggests LG finds ongoing value in Adeia's IP, potentially strengthening Adeia's market position and validating its R&D investments. For investors, this deal signals stability in Adeia's business model and its ability to maintain key partnerships in a competitive industry.
This renewal highlights Adeia's strong position in the media technology sector. LG's commitment to a multi-year agreement suggests confidence in Adeia's current and future innovations. The deal's timing is crucial, as the consumer electronics industry is rapidly evolving with advancements in smart home tech and digital entertainment.
For investors, this agreement indicates Adeia's potential for stable, long-term revenue. However, it's important to consider the broader context: as technology evolves, Adeia must continually innovate to maintain its relevance. The renewal doesn't specify financial terms, so investors should look to future earnings reports to gauge its actual impact on Adeia's bottom line. Overall, this deal reinforces Adeia's market presence but doesn't necessarily signal significant growth.
Longstanding Partnership Continues with Multi-Year Deal
SAN JOSE, Calif., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), a leading technology company bringing technology from incubation to reality, today announced the renewal of its intellectual property (IP) license agreement with LG Electronics, Inc. (LG). This multi-year agreement extends the longstanding relationship between the two companies, encompassing Adeia's expansive media IP portfolio.
"We are pleased to continue our partnership with LG, which, for decades, has been a global leader in consumer electronics," said Dr. Mark Kokes, Adeia’s chief licensing officer, media. "This renewal underscores the enduring value of our intellectual property and its importance in enabling cutting-edge entertainment experiences for consumers worldwide."
The renewed agreement covers a wide range of technologies within Adeia's media IP portfolio, including innovations in digital video, content discovery, and smart home technologies. It further highlights Adeia's position as a leading technology innovator and demonstrates the ongoing relevance of its portfolio in the rapidly evolving consumer electronics industry.
For more information about Adeia and its innovations, please visit www.adeia.com.
About Adeia
Adeia invents, develops and licenses fundamental innovations that shape the way millions of people explore and experience entertainment in an increasingly connected world. From TVs to smartphones, and across all types of entertainment experiences, Adeia's technologies allow users to manage content and connections in a way that is smart, immersive and personal. For more information, please visit www.adeia.com.
For Information Contact:
Investor Relations
Chris Chaney
IR@adeia.com
Media Relations
JoAnn Yamani
press@adeia.com
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