InterDigital signs digital television and video patent licenses with Panasonic Entertainment & Communication Co., Ltd.

Rhea-AI Summary

InterDigital, Inc. (NASDAQ:IDCC) has renewed two patent licenses with Panasonic Entertainment & Communication Co., Ltd. These licenses cover DTV and HEVC patents under their established HEVC program. Eeva Hakoranta, the Chief Licensing Officer, expressed satisfaction with the renewal, emphasizing the ongoing value provided to InterDigital, Sony, and their licensees. InterDigital specializes in mobile and video technology, offering solutions for efficient broadband networks and enhanced video delivery.

Positive

• Renewal of two patent licenses with Panasonic indicates continued strong business relationships.
• Licenses cover valuable DTV and HEVC patents, enhancing revenue prospects.
• Ongoing partnerships with Sony and other licensees support collaborative technological advancements.

Negative

• None.

WILMINGTON, Del., Jan. 03, 2023 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that the company has renewed two patent licenses with Panasonic Entertainment & Communication Co., Ltd., a Japan-based manufacturer of digital televisions.

“We are delighted to continue our longstanding business relationship with Panasonic,” commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. “These licenses, which cover our DTV and HEVC patents, were signed under our HEVC program, and under our joint digital TV licensing program which continues to deliver considerable value to InterDigital, our partner Sony, and to our licensees.”

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 recent licensing agreements did InterDigital (IDCC) announce?

InterDigital announced the renewal of two patent licenses with Panasonic Entertainment & Communication Co., Ltd.

What patents are covered in the renewed licenses between InterDigital and Panasonic?

The renewed licenses cover DTV and HEVC patents.

Who is the Chief Licensing Officer of InterDigital?

Eeva Hakoranta is the Chief Licensing Officer of InterDigital.

How do the renewed licenses benefit InterDigital?

The renewed licenses are expected to deliver considerable value to InterDigital, its partner Sony, and their licensees.

When was the press release about the patent licenses published?

The press release was published on January 3, 2023.