InterDigital Announces Patent License Agreement

Rhea-AI Summary

InterDigital, Inc. (NASDAQ:IDCC) announced a new patent license agreement with a leading technology company on October 3, 2022. This agreement is part of InterDigital's commitment to developing mobile and video technologies that address critical industry challenges. The company provides innovative solutions for broadband networks and video delivery, aimed at enhancing multimedia experiences ahead of market deployment. With a strong portfolio of licenses and partnerships, InterDigital continues to solidify its position within the technology landscape.

Positive

• Entered into a patent license agreement with a major technology company, potentially increasing revenue.
• Strengthens InterDigital's position in mobile and video technology sectors.

Negative

• None.

WILMINGTON, Del., Oct. 03, 2022 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced it has entered into a patent license agreement with a major technology company.

About InterDigital^®

InterDigital develops mobile and video technologies that are at the core of 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, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on NASDAQ.
InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

InterDigital Contact:
Richard Lloyd
Email: richard.lloyd@interdigital.com
+1 (202) 349-1716

FAQ

What is the recent patent license agreement related to IDCC?

InterDigital, Inc. has entered into a patent license agreement with a major technology company as of October 3, 2022.

How does the patent license agreement affect IDCC's business?

The agreement may enhance revenue and solidify InterDigital's market position in mobile and video technologies.

When was the patent license agreement announced for IDCC?

The patent license agreement was announced on October 3, 2022.

What is InterDigital's focus area in technology?

InterDigital focuses on developing mobile and video technologies to solve complex technical challenges in the industry.