InterDigital Signs Wistron to Worldwide Patent License Agreement Which Includes 4G
KING OF PRUSSIA, Pa.--(BUSINESS WIRE)-- InterDigital, Inc. (NASDAQ: IDCC) today announced that its patent holding subsidiaries have entered into a worldwide, non-exclusive, royalty-bearing patent license agreement with Wistron Corporation. The agreement covers various products, including handsets, wireless modules, computers, tablets and other consumer electronic devices, designed to operate in accordance with 2G, 3G, and 4G wireless standards, including LTE and LTE-Advanced.
Based in Taiwan with a global presence, Wistron is a leading original design manufacturer in the laptop market. "We are pleased to have entered into this patent license agreement with Wistron," said Lawrence F. Shay, President of InterDigital's patent holding subsidiaries. "This license agreement demonstrates InterDigital's ability to continue to license our patent portfolio in the growing 4G product areas and to continue to license our patent portfolio after announcing a significant patent sale transaction with Intel. We intend to continue to build shareholder value through both types of opportunities.
InterDigital develops fundamental wireless technologies that are at the core of mobile 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 and a richer multimedia experience years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world's leading wireless companies.
InterDigital is a registered trademark of InterDigital, Inc. (IDCC)
For more information, visit: www.interdigital.com.
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding InterDigitals current beliefs, plans and expectations, including with respect to (i) its ability to continue to license its patent portfolio in the growing 4G product areas and after announcing a significant patent sale transaction; and (ii) its intention to continue to build shareholder value through both types of opportunities.
Forward-looking statements are subject to risks and uncertainties. Actual outcomes could differ materially from those expressed in or anticipated by such forward-looking statements due to a variety of factors, including, without limitation, (i) unanticipated delays or difficulties in the execution of patent license agreements; (ii) InterDigital's ability to enter into additional agreements for the sale of portions of its patent portfolio; and (iii) changes in InterDigital's business strategy. InterDigital undertakes no duty to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law, regulation or other competent legal authority.
Patrick Van de Wille, +1 858-210-4814
Janet Point, +1 610-878-7866
Source: InterDigital, Inc.Copyright Business Wire 2012