Global Technology Leader to Acquire Approximately 1,700 Patents and Applications Related to 3G, LTE, 802.11 from InterDigital
The agreement involves patents primarily related to 3G, LTE and 802.11 technologies. InterDigital is an active developer of advanced wireless technologies including WCDMA (Wideband CDMA), HSDPA (High Speed Download Packet Access) and HSUPA (High Speed Upload Packet Access) 3G technologies as well as LTE (Long Term Evolution) and LTE-Advanced 4G technologies.
"The acquisition of this portfolio of InterDigital's technologies by a
global technology leader like
"These patents will support Intel's strategic investments in the mobile
The companies expect the transaction to be completed in third quarter 2012, subject to customary closing conditions and any required regulatory approvals.
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 InterDigital's and Intel's current beliefs, plans and expectations, including with respect to (i) the completion, and expected timing of the completion, of the transaction; (ii) InterDigital's belief that this transaction marks an important milestone of its stated strategy of expanding the monetization of its large and growing intellectual property portfolio; and (iii) InterDigital's belief that by executing on its business plan, there is tremendous potential to expand its revenue and build shareholder value.
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) the approval of the
transaction by regulatory authorities and the satisfaction of other
closing conditions; (ii) InterDigital's ability to enter into additional
sales and/or licensing partnership or other arrangements for non-core
portions of its patent assets; and (iii) changes in InterDigital's
business plan. Neither InterDigital nor
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. For more information, visit: www.interdigital.com.
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