InterDigital, Inc.
Aug 28, 2015

InterDigital Reacts to ITC Decision

WILMINGTON, Del., Aug. 28, 2015 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and development company, today provided the following reaction to the decision of the U.S. International Trade Commission in Investigation No. 337-TA-613 involving InterDigital and respondents Microsoft Mobile Oy, Nokia Inc. and Nokia Corporation.

"Today's decision is disappointing but is expected to have a limited impact on our going-forward business, given the decline of the Nokia mobile device business under Microsoft's control and its limited market position," said William J. Merritt, President and Chief Executive Officer of InterDigital. "InterDigital will continue to seek compensation for past infringement and the further unlicensed use of our contributions to wireless mobile communication standards."

About InterDigital

InterDigital develops 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.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

Forward-Looking Statements

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 the company's current plans and expectations, including, but not limited to, the company's expectation that today's decision will have a limited impact on it's going-forward business and its plans continue to seek compensation for past infringement and the further unlicensed use of its contributions to wireless mobile communication standards.  Words such as "expects," "intends," "continue to," and variations of such words or similar expressions are intended to identify such forward-looking statements.

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, but not limited to, (i) unanticipated delays or difficulties in the negotiation and execution of patent license agreements; (ii) the timing and outcome of current legal proceedings; and (iii) changes in the company's strategy. We undertake no duty to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law, regulation or other competent legal authority.

Contact:

Patrick Van de Wille

Email: patrick.vandewille@interdigital.com

+1 (858) 210-4814

Primary Logo

Source: InterDigital, Inc.

News Provided by Acquire Media