Companies Settle Arbitration Matter
WILMINGTON, Del., Aug. 17, 2016 -- InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and development company, today announced that its patent holding subsidiaries have amended their worldwide, non-exclusive, royalty bearing patent license agreement with Sharp Corporation (“Sharp”) to add coverage for 4G technologies. Sharp is now licensed for the sale of its LTE and LTE-A terminal unit products. The parties also have settled the arbitration initiated by Sharp in December 2014.
“Sharp has been an InterDigital licensee since 1998 and InterDigital is pleased that Sharp is expanding its patent coverage to include 4G,” said Marie H. MacNichol, Vice President, Chief Licensing Officer and Chief Intellectual Property Counsel of InterDigital's patent holding subsidiaries. “We appreciate Sharp’s efforts in working with us to complete this transaction and continue our long-standing relationship, which will allow Sharp to continue its strong position in the wireless market.”
InterDigital develops mobile 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 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.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.