Adeia Enters into Multi-Year IP License Agreement with Amazon

Rhea-AI Summary

Adeia Inc. (Nasdaq: ADEA) has announced a multi-year IP licensing agreement with Amazon covering Adeia's media intellectual property portfolio. The agreement positions Amazon among Adeia's distinguished customers, leveraging Adeia's advanced R&D innovations that power next-generation products and digital experiences for consumer and enterprise applications. The company's IP technology influences how millions explore entertainment and enhances billions of connected devices.

Positive

• Secured multi-year IP licensing agreement with major tech company Amazon
• Expands customer base with significant market player

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• None.

SAN JOSE, Calif., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) has entered into a multi-year agreement with Amazon that covers Adeia's media intellectual property (IP) portfolio.

"Amazon plays an immense role in today's innovation society," said Paul E. Davis, Adeia's chief executive officer. "We are pleased to include Amazon among our many distinguished customers."

Adeia's advanced R&D results in fundamental innovations that power their customers' next-generation products, delivering breakthroughs in digital experiences for consumer and enterprise applications. The company's IP shapes the way millions of people explore and experience entertainment and enhances billions of devices in an increasingly connected world.

About Adeia

Adeia is a leading R&D and intellectual property (IP) licensing company that accelerates the adoption of innovative technologies in the media and semiconductor industries. Adeia's fundamental innovations underpin technology solutions that are shaping and elevating the future of digital entertainment and electronics. Adeia's IP portfolios power the connected devices that touch the lives of millions of people around the world every day as they live, work and play. For more, please visit www.adeia.com.

For Information Contact:
Investor Relations
Chris Chaney
IR@adeia.com

Media Relations
JoAnn Yamani
press@adeia.com

FAQ

What is the new IP licensing agreement between Adeia (ADEA) and Amazon?

Adeia (ADEA) has signed a multi-year agreement with Amazon covering Adeia's media intellectual property portfolio, which will be used in next-generation products and digital experiences.

When did Adeia (ADEA) announce its IP licensing deal with Amazon?

Adeia (ADEA) announced its multi-year IP licensing agreement with Amazon on December 3, 2024.

What type of technology does Adeia (ADEA) license to Amazon?

Adeia (ADEA) licenses its media intellectual property portfolio, which includes fundamental innovations for digital experiences in consumer and enterprise applications.