License Agreement Covers 2G, 3G M2M Modules and PC Cards
KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--
InterDigital, Inc. (NASDAQ: IDCC) today announced that its patent
holding subsidiaries have entered into a worldwide, non-transferable,
non-exclusive, royalty-bearing patent license agreement with Cinterion
Wireless Modules GmbH ("Cinterion"). The agreement covers the sale of
Machine-to-Machine (M2M) modules and PC Cards compliant with 2G and 3G
cellular standards, for the period January 1, 2009 through the end of
2012.
"This agreement further expands the licensing of InterDigital's current
2G and 3G patents into new areas of opportunity such as the fast-growing
M2M market," commented Lawrence Shay, President of InterDigital's patent
holding subsidiaries. "Cinterion holds a substantial portion of the
growing overall M2M module market."
Cinterion, headquartered in Munich, Germany, is the worldwide leading
supplier of cellular M2M communication modules that enable machines,
equipment and vehicles to communicate over wireless networks, helping
enterprises dramatically cut costs and increase productivity and
efficiency. The company's products are used for remote maintenance and
control; metering; payment systems; industrial PDAs; routers and
gateways; security systems; health care; automotive and eToll; tracking
and tracing; environmental monitoring and more.
About InterDigital
InterDigital(R) designs, develops and provides advanced
wireless technologies and products that drive voice and data
communications. InterDigital is a leading contributor to the global
wireless standards and holds a strong portfolio of patented technologies
which it licenses to manufacturers of 2G, 2.5G, 3G, and 802 products
worldwide.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, on InterDigital, please visit: www.interdigital.com.
Source: InterDigital, Inc.
Contact: InterDigital, Inc.
Media Contact:
Jack Indekeu, +1 (610) 878-7800
Email: jack.indekeu@interdigital.com
or
Investor Contact:
Janet Point, +1 (610) 878-7800
Email: janet.point@interdigital.com