InterDigital (IDCC), RIM (RIMM) Expand Patent License Agreement
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InterDigital, Inc. (NASDAQ: IDCC) today announced that its patent holding subsidiaries have entered into an agreement which extends the term of their worldwide, non-exclusive, royalty-bearing patent license agreement with Research In Motion Limited (Nasdaq: RIMM). In addition to extending the patent license agreement for a multi-year period consistent with InterDigital’s licensing program, the parties agreed to amend the patent license to add coverage for 4G products, including LTE and LTE-Advanced products.
“This agreement, which extends the term of our patent license with RIM and includes 4G product coverage, continues the strong validation of InterDigital’s patent portfolio and our patent licensing program,” said Lawrence F. Shay, President of InterDigital’s patent holding subsidiaries. “We continue to experience very good progress in our 4G licensing program and look forward to adding additional 4G licensees.”
“This agreement, which extends the term of our patent license with RIM and includes 4G product coverage, continues the strong validation of InterDigital’s patent portfolio and our patent licensing program,” said Lawrence F. Shay, President of InterDigital’s patent holding subsidiaries. “We continue to experience very good progress in our 4G licensing program and look forward to adding additional 4G licensees.”
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