Small-size ISP (Image Signal Processing) IP ideal for AI camera systems.
InterDigital Announces Formation of Signal Trust
Trust will monetize InterDigital patents related to cellular infrastructure; Trust may expand licensing programs over time; trust structure may serve as model for additional InterDigital patent license program enhancements
WILMINGTON, Del., Oct. 18, 2013 -- InterDigital, Inc. (Nasdaq:IDCC), a wireless research and development company, today announced the establishment of the Signal Trust for Wireless Innovation, which will monetize a large InterDigital patent portfolio related to cellular infrastructure.
The more than 500 patents and patent applications being transferred to the Trust focus primarily on 3G and LTE technologies, and were developed by InterDigital's engineers and researchers over more than a decade, with a number of the innovations contributed to the worldwide standards process. As a result, the patent portfolio includes patents for pioneering inventions that the Company believes are used pervasively in the cellular wireless industry. InterDigital will retain licensing and other monetization rights to the transferred patents for a limited period of time enabling companies to conclude agreements with InterDigital during a transition period.
InterDigital has committed funding to the Signal Trust to help ensure its successful launch. The Company will also be the primary beneficiary of the Trust. The distributions from the Trust will support continued research related to cellular wireless technologies. A small portion of the proceeds from the Trust will be used to fund scholarly analysis of intellectual property rights and the technological, commercial, and creative innovations they facilitate, through the newly-formed Signal Foundation for Wireless Innovation.
The Company has selected two industry veterans to lead the Trust:
- Roger E. Stricker, PhD will serve as Trust Advisor. Dr. Stricker's background includes more than 25 years of patent management and licensing experience at IPLM Associates as well as Lucent Technologies, building on a 15-year career in technology development at AT&T and RCA. He holds a PhD in Electrical Engineering from Purdue University.
- Bruce G. Bernstein, Esq. will drive the daily portfolio monetization efforts for the Trust. Mr. Bernstein contributes more than two decades of patent management and monetization experience, and from 2005 to 2008 was InterDigital's Chief IP and Licensing Officer. During his tenure, the company closed licensing deals having a cumulative value in excess of $700M.
"The creation of the Signal Trust is a further step in our successful strategy to expand the means by which we monetize our large and growing intellectual property portfolio developed over many years of market-leading research," commented William J. Merritt, President and Chief Executive Officer of InterDigital. "Using this portfolio of strong inventions, we expect the Signal Trust to derive significant value from licensing the large cellular infrastructure equipment market, a market that alone saw over $30 billion in sales in 2012. We also see the trust structure as a potential model for unlocking the value of various other patent portfolios for the Company," continued Mr. Merritt.
About InterDigital
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. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400 index.
For more information, visit: www.interdigital.com.
|
Related News
- Alphawave Semi and Teledyne LeCroy Unveil PCIe 7.0 Signal Generation and Measurement
- Infineon, POLYN to Collaborate on Advanced Tire Monitoring Products
- PUFsecurity and Himax Prioritize User Security and Data Protection in Endpoint AI with PUF-based Root of Trust
- Intrinsic ID Looks Back on 15 Years of Building Digital Trust
- New POLYN Patent Covers Smart Tires, Industrial IoT Applications
Breaking News
- China's Intel, AMD Ban Helps Local Rivals, Analysts Say
- PUFsecurity Unveils Next-Gen Crypto Coprocessor PUFcc7 Featuring High-speed Performance and TLS 1.3 Support
- SEMIFIVE Starts Mass Production of its 14nm AI Inference SoC Platform based Product
- VeriSilicon's complete Bluetooth Low Energy IP solution is fully compliant with LE Audio specification
- TASKING and Andes Announce FuSa Compliant Compiler Support for Andes RISC-V ASIL Compliant Automotive IP
Most Popular
- Intel and Arm Team Up to Power Startups
- Chiplet Interconnect Pioneer Eliyan Closes $60 Million Series B Funding Round, Co-led by Samsung Catalyst Fund and Tiger Global Management to Address Most Pressing Challenge in Development of Generative AI Chips
- PUFsecurity Unveils Next-Gen Crypto Coprocessor PUFcc7 Featuring High-speed Performance and TLS 1.3 Support
- Renesas Introduces Industry's First General-Purpose 32-bit RISC-V MCUs with Internally Developed CPU Core
- SmartSoC Solutions Joins TSMC Design Center Alliance to Boost Semiconductor Innovation in India
E-mail This Article | Printer-Friendly Page |