InterDigital signs HEVC license agreement with Lenovo

Rhea-AI Summary

InterDigital, Inc. has signed a new multi-year royalty-bearing global license with Lenovo for InterDigital's HEVC video patents, ending all related litigation between the two companies. The Chief Licensing Officer of InterDigital expressed satisfaction with the deal and mentioned the company's commitment to resolving remaining licensing disputes with Lenovo.

WILMINGTON, Del., Nov. 02, 2023 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced that it has signed a new multi-year royalty-bearing global license with Lenovo covering InterDigital’s HEVC video patents. The new license brings to an end all related HEVC litigation between the two companies.

“We are pleased that Lenovo has chosen to take a license to our HEVC portfolio in another clear demonstration of the value of our video innovation,” commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. “We remain committed to resolving our remaining licensing disputes with Lenovo.”

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 latest announcement from InterDigital, Inc.?

InterDigital, Inc. has signed a new multi-year royalty-bearing global license with Lenovo for InterDigital's HEVC video patents.

What does the new license with Lenovo mean for InterDigital?

The new license brings an end to all related HEVC litigation between InterDigital and Lenovo.

Who commented on the new license agreement?

Eeva Hakoranta, Chief Licensing Officer of InterDigital, commented on the new license agreement.

What did Eeva Hakoranta say about the license agreement?

Eeva Hakoranta mentioned that Lenovo's decision to take a license to InterDigital's HEVC portfolio demonstrates the value of their video innovation. She also mentioned the company's commitment to resolving remaining licensing disputes with Lenovo.