Adeia Enters into Multi-Year IP License Renewal with VIZIO

Rhea-AI Summary

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.

Positive

• Renewed multi-year IP license agreement with leading TV seller VIZIO
• Continued access to Adeia's media IP portfolio for VIZIO's products and services
• Demonstrates ongoing value and relevance of Adeia's technology in the digital entertainment space

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• None.

SAN JOSE, Calif., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), the company whose patented innovations enhance billions of devices and shape the way the world explores and experiences entertainment, today announced it has renewed its intellectual property (IP) license agreement with leading TV seller VIZIO. Under the terms of the agreement, the multi-year license renewal extends VIZIO’s access to Adeia’s media IP portfolio for its products and services.

"We are excited to enter into this renewal with VIZIO, a leader in the digital entertainment space," said Mark Kokes, Adeia’s chief licensing officer and general manager, media. “This agreement demonstrates the continued value and relevance of our technology.”

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 recent licensing agreement between Adeia (ADEA) and VIZIO?

Adeia (ADEA) has renewed its multi-year intellectual property (IP) license agreement with VIZIO, extending VIZIO's access to Adeia's media IP portfolio for its products and services.

How does the VIZIO agreement impact Adeia's (ADEA) position in the digital entertainment industry?

The agreement demonstrates the continued value and relevance of Adeia's technology in the digital entertainment space, reinforcing its position as a leading R&D and IP licensing company in the media and semiconductor industries.

What products are affected by Adeia's (ADEA) IP license agreement with VIZIO?

The IP license agreement covers VIZIO's products and services, which primarily include televisions and related digital entertainment offerings.

Who commented on the IP license renewal between Adeia (ADEA) and VIZIO?

Mark Kokes, Adeia's chief licensing officer and general manager of media, commented on the renewal, expressing excitement about the agreement with VIZIO.