InterDigital Acquires Stake in Attila and Invests in Joint
Development Effort
KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--
InterDigital, Inc. (NASDAQ: IDCC) announced today that its wholly-owned
subsidiary, InterDigital Communications, LLC, has entered into a
multi-faceted collaboration with Attila Technologies LLC, a Technogenesis(R)
company spun out of Stevens Institute of Technology in New Jersey.
InterDigital(R) has provided an undisclosed capital infusion
and acquired a minority position in Attila. In addition, the companies
will collaborate on the development and marketing of bandwidth
aggregation technologies and related multi-network innovations.
"This collaborative agreement with Attila complements our own core
solutions for increased wireless data throughput, improved robustness
and a richer multimedia experience," commented William J. Merritt,
InterDigital's President and Chief Executive Officer. "Furthermore, the
scope and scale of this investment aligns with our plan to expand our
capabilities through a series of small, targeted, and opportunistic
deals with nimble entrepreneurs in our space."
Today's wireless networks are being challenged by the broad consumer
appeal of wireless data services and applications. Virtually all
industry observers are predicting the demand for wireless data to
significantly outstrip the capacity within a few years. Already,
regulators and operators around the world are scrambling to mitigate the
imminent bandwidth deficit by trying to allocate more wireless spectrum
and to create new ways to manage that precious resource. But simply
adding more spectrum is only part of the solution. InterDigital believes
that the combination of more efficient use of spectrum, dynamic
integration of different wireless technologies, and more intelligent
data handling will be required to narrow the gap, reduce network
congestion and provide users with a more satisfying mobile experience.
"Attila's innovative software dynamically aggregates all available
bandwidth across multiple disparate wireless networks to increase
throughput, eliminate dropped connections and improve network resource
utilization," said Nicolas Girard, Attila's President and Chief
Operating Officer. Frank Ianna, Attila's Chief Executive Officer, added,
"We are very excited about our collaboration with InterDigital, which
will help promote this innovative technology to the mobile wireless
industry and provide Attila with added depth and market access."
Under the agreement, InterDigital has acquired a minority stake in
Attila and a seat on its board of directors. InterDigital also made an
additional investment in specified technology development programs. The
companies will jointly demonstrate their bandwidth aggregation
capabilities on live networks at the 2010 Mobile World Congress in
Barcelona.
About InterDigital
InterDigital 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, visit: www.interdigital.com
Source: InterDigital, Inc.
Contact: InterDigital, Inc.
Media Contact:
Jack Indekeu, +1 610-878-7800
jack.indekeu@interdigital.com
or
Investor Contact:
Janet Point, +1 610-878-7800
janet.point@interdigital.com