InterDigital signs license agreement with Panasonic
InterDigital (Nasdaq: IDCC) has announced a new license agreement with Panasonic. The agreement covers InterDigital's 4G and 5G cellular, HEVC video, and WiFi patents. This deal extends the existing relationship between the two companies, highlighting the long-standing trust and respect between them. Eeva Hakoranta, Chief Licensing Officer at InterDigital, emphasized the value licensees continue to see in InterDigital's 5G portfolio, WiFi assets, and HEVC patents. This agreement demonstrates InterDigital's ongoing success in monetizing its intellectual property across various technology domains.
InterDigital (Nasdaq: IDCC) ha annunciato un nuovo accordo di licenza con Panasonic. L'accordo copre i brevetti cellulari 4G e 5G, i brevetti per video HEVC e i brevetti WiFi di InterDigital. Questo affare estende la relazione esistente tra le due aziende, evidenziando la fiducia e il rispetto reciproco di lunga data tra di esse. Eeva Hakoranta, Chief Licensing Officer di InterDigital, ha sottolineato il valore che i licenziatari continuano a riconoscere nel portafoglio 5G, nelle risorse WiFi e nei brevetti HEVC di InterDigital. Questo accordo dimostra il continuo successo di InterDigital nel monetizzare la propria proprietà intellettuale in vari ambiti tecnologici.
InterDigital (Nasdaq: IDCC) ha anunciado un nuevo acuerdo de licencia con Panasonic. El acuerdo abarca los patentes celulares 4G y 5G, los patentes de video HEVC y los patentes de WiFi de InterDigital. Este acuerdo extiende la relación existente entre ambas empresas, destacando la confianza y el respeto mutuo a largo plazo entre ellas. Eeva Hakoranta, Directora de Licencias de InterDigital, enfatizó el valor que los licenciados continúan viendo en el portafolio 5G, los activos de WiFi y los patentes HEVC de InterDigital. Este acuerdo demuestra el continuo éxito de InterDigital en monetizar su propiedad intelectual en varios dominios tecnológicos.
InterDigital (Nasdaq: IDCC)는 Panasonic과 새로운 라이선스 계약을 발표했습니다. 이 계약은 InterDigital의 4G 및 5G 셀룰러, HEVC 비디오 및 WiFi 특허를 포함합니다. 이번 거래는 두 회사 간의 기존 관계를 확장하며, 오랜 신뢰와 존중을 강조합니다. InterDigital의 수석 라이선스 책임자인 Eeva Hakoranta는 라이선스 계약자들이 InterDigital의 5G 포트폴리오, WiFi 자산 및 HEVC 특허에서 계속해서 가치를 보고 있다고 강조했습니다. 이 계약은 다양한 기술 분야에서 지적 재산을 수익화하는 InterDigital의 지속적인 성공을 보여줍니다.
InterDigital (Nasdaq: IDCC) a annoncé un nouvel accord de licence avec Panasonic. Cet accord concerne les brevets cellulaires 4G et 5G, les brevets vidéo HEVC et les brevets WiFi d'InterDigital. Cet accord prolonge la relation existante entre les deux entreprises, mettant en avant la confiance et le respect approfondis qui les unissent. Eeva Hakoranta, Directrice des Licences chez InterDigital, a souligné la valeur que les licenciés continuent de voir dans le portefeuille 5G, les actifs WiFi et les brevets HEVC d'InterDigital. Cet accord démontre le succès continu d'InterDigital dans la monétisation de sa propriété intellectuelle dans divers domaines technologiques.
InterDigital (Nasdaq: IDCC) hat eine neue Lizenzvereinbarung mit Panasonic bekannt gegeben. Die Vereinbarung umfasst die 4G- und 5G-Mobilfunk-, HEVC-Video- und WiFi-Patente von InterDigital. Dieses Geschäft erweitert die bestehende Beziehung zwischen den beiden Unternehmen und hebt das langjährige Vertrauen und den Respekt zwischen ihnen hervor. Eeva Hakoranta, Chief Licensing Officer bei InterDigital, betonte den Wert, den Lizenznehmer weiterhin im 5G-Portfolio, den WiFi-Ressourcen und den HEVC-Patenten von InterDigital sehen. Diese Vereinbarung zeigt den fortwährenden Erfolg von InterDigital bei der Monetarisierung seines geistigen Eigentums in verschiedenen Technologiebereichen.
- New license agreement signed with Panasonic
- Agreement covers 4G, 5G, HEVC video, and WiFi patents
- Extension of existing relationship with a major technology company
- Validation of InterDigital's patent portfolio value
- None.
InterDigital's new license agreement with Panasonic represents a significant business development for the company. As a research and development firm specializing in mobile, video and AI technologies, InterDigital's revenue model heavily relies on licensing its intellectual property. This deal, covering 4G, 5G, HEVC video and WiFi patents, likely translates to a substantial revenue stream for InterDigital.
The expansion of the agreement to include 5G and WiFi assets is particularly noteworthy. As the global rollout of 5G networks accelerates, demand for 5G-related patents is expected to grow, potentially leading to increased licensing revenues for InterDigital in the coming years. Similarly, the inclusion of WiFi patents could prove lucrative as the Internet of Things (IoT) ecosystem expands, requiring more devices to incorporate WiFi technology.
While specific financial terms weren't disclosed, such licensing agreements typically involve either
Moreover, this agreement with a major player like Panasonic could serve as a positive signal to other potential licensees, potentially paving the way for additional licensing deals in the future. This could contribute to InterDigital's long-term growth prospects and strengthen its position in the technology licensing landscape.
The licensing agreement between InterDigital and Panasonic underscores the growing importance of intellectual property in the rapidly evolving tech landscape. By securing rights to InterDigital's patents across multiple critical technologies, Panasonic is positioning itself to remain competitive in several key markets.
The inclusion of 5G patents is particularly significant. As 5G networks continue to roll out globally, we can expect to see a surge in 5G-enabled devices. This agreement allows Panasonic to develop and market products leveraging advanced 5G capabilities, potentially giving them an edge in the highly competitive consumer electronics market.
The HEVC (High Efficiency Video Coding) video patents are also noteworthy. HEVC is important for efficient video compression, enabling high-quality video streaming and storage on devices with bandwidth or storage capacity. As demand for high-resolution video content grows, particularly in areas like 4K and 8K TVs, these patents could prove invaluable for Panasonic's future product lines.
The WiFi patent licensing is equally important, given the ubiquity of WiFi technology in modern devices. As we move towards more connected homes and IoT ecosystems, having access to advanced WiFi patents could help Panasonic develop more efficient and feature-rich smart home products.
This comprehensive agreement demonstrates Panasonic's commitment to staying at the forefront of technological innovation across multiple domains. It also highlights InterDigital's strong patent portfolio and its relevance to major players in the tech industry.
WILMINGTON, Del., Aug. 01, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced it has signed a new license agreement with Panasonic.
The agreement covers InterDigital’s 4G and 5G cellular, HEVC video and WiFi patents.
“We always value working with a client like Panasonic where there is a long-standing level of trust and respect between both sides,” commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. “I also appreciate that this agreement extends our license with Panasonic to our valuable 5G portfolio, our WiFi assets and our HEVC patents, where licensees continue to see a lot of value.”
About InterDigital®
InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. 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 new license agreement did InterDigital (IDCC) sign on August 1, 2024?
What technologies are included in InterDigital's (IDCC) license agreement with Panasonic?
Who commented on the license agreement between InterDigital (IDCC) and Panasonic?
What did InterDigital (IDCC) say about the value of its patent portfolio in the Panasonic agreement?
