Adeia Enters into Multi-Year IP License Agreement with Canon

Rhea-AI Summary

Adeia Inc. (Nasdaq: ADEA) has signed a multi-year intellectual property license agreement with Canon, granting access to Adeia's media portfolio. The partnership represents a significant milestone in Adeia's collaboration with consumer electronics market leaders, particularly in the evolving field of camera technology. The agreement emphasizes the importance of innovations in digital imaging, including artificial intelligence, advanced sensors, and computational photography. Canon, which holds the largest market share in the digital camera industry, will leverage Adeia's innovative technologies to advance photography and consumer electronics capabilities.

Positive

• Secured multi-year IP licensing agreement with market leader Canon
• Expansion into digital imaging market through partnership with largest digital camera manufacturer
• Strategic positioning in AI and computational photography technology sectors

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• None.

SAN JOSE, Calif., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), a technology company with innovative contributions to digital imaging, has entered into a multi-year intellectual property (IP) license agreement with Canon, a global leader in the digital imaging industry, providing access to Adeia’s media portfolio.

This agreement marks another important milestone in Adeia’s collaboration with leading companies in the consumer electronics market. It reflects the growing importance of innovations in the dynamic field of camera technology, where artificial intelligence, advanced sensors and computational photography are transforming how users capture and share their experiences.

"Canon, a global leader in camera technology and digital imaging, holds the largest market share in the digital camera industry," said Dr. Mark Kokes, Adeia's chief licensing officer and general manager, media. "This agreement highlights the role of Adeia’s innovative technologies in advancing photography and consumer electronics, underscoring the value of our expanding portfolio in a rapidly evolving field."

About Adeia

Adeia is a leading R&D and intellectual property (IP) licensing company that accelerates the adoption of innovative technologies in the media and semiconductor industries. Adeia’s fundamental innovations underpin technology solutions that are shaping and elevating the future of digital entertainment and electronics. Adeia’s IP portfolios power the connected devices that touch the lives of millions of people around the world every day as they live, work and play. For more, please visit www.adeia.com.

For Information Contact:

Investor Relations
Chris Chaney
IR@adeia.com

Media Relations
JoAnn Yamani
press@adeia.com

FAQ

What is the significance of Adeia's new IP license agreement with Canon for ADEA stock?

The agreement represents a strategic expansion into the digital imaging market through partnership with the industry leader Canon, potentially creating new revenue streams for Adeia (ADEA) through IP licensing.

How does the Canon partnership affect Adeia's (ADEA) market position in digital imaging?

The partnership strengthens Adeia's position in the digital imaging sector by providing IP licenses to Canon, the market leader in digital cameras, validating Adeia's technology portfolio.

What technologies are covered in Adeia's (ADEA) IP agreement with Canon?

The agreement covers Adeia's media portfolio, which includes technologies related to artificial intelligence, advanced sensors, and computational photography in digital imaging.

When was the Adeia-Canon IP licensing agreement announced?

The IP licensing agreement between Adeia (ADEA) and Canon was announced on December 19, 2024.