InterDigital Extends Term of Joint Venture and Enters Into Patent License Agreement With Sony Corporation of America

Convida Wireless JV Sharpens its Focus on 5G, Sony Invests in Chordant IoT Platform Business

Company Release - 12/24/2018 8:30 AM ET

WILMINGTON, Del. , Dec. 24, 2018 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and development company, today announced the expansion and extension of the business partnerships that exist between the company and Sony Corporation of America. The company also announced that this agreement includes a patent license from InterDigital. 

The companies agreed to extend the term of the Convida Wireless joint venture, launched in 2013, and sharpen its focus on 5G, including IoT and infrastructure research. The move aligns with the enormous market excitement around the finalization of the first release of the 5G standard in 2018 and various announced product and service launches since. The new agreement also sees Sony invest in Chordant®, InterDigital’s IoT platform business.

Convida Wireless was launched in 2013 as a joint venture to combine Sony's consumer electronics expertise with InterDigital's pioneering IoT expertise to drive new research in IoT communications and other connectivity areas. The companies expanded Convida’s scope to include 5G in 2015.

“Sony Corporation of America has been a great partner and licensee, and we’re pleased to see the expansion of our business relationship to now include involvement in our Chordant business. Our partnership with Sony is a tremendous model of how we can work with licensees around the world to understand their needs, build research offerings that align with them, and bring those offerings together in a way that provides value to both parties. We’re also excited at the sharpened focus of Convida Wireless on 5G, a technology that has seen a tremendous amount of excitement and that we think will be transformative to our industry,” said William J. Merritt, President and CEO of InterDigital.

About InterDigital®

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.

InterDigital Contact:
Patrick Van de Wille
Email: patrick.vandewille@interdigital.com
+1 (858) 210-4814

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Source: InterDigital, Inc.