InterDigital signs digital television and video patent licenses with Panasonic Entertainment & Communication Co., Ltd.
InterDigital, Inc. (NASDAQ:IDCC) has renewed two patent licenses with Panasonic Entertainment & Communication Co., Ltd. These licenses cover DTV and HEVC patents under their established HEVC program.
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Rhea-AI Summary
InterDigital, Inc. (NASDAQ:IDCC) has renewed two patent licenses with Panasonic Entertainment & Communication Co., Ltd. These licenses cover DTV and HEVC patents under their established HEVC program. Eeva Hakoranta, the Chief Licensing Officer, expressed satisfaction with the renewal, emphasizing the ongoing value provided to InterDigital, Sony, and their licensees. InterDigital specializes in mobile and video technology, offering solutions for efficient broadband networks and enhanced video delivery.
Positive
- Renewal of two patent licenses with Panasonic indicates continued strong business relationships.
- Licenses cover valuable DTV and HEVC patents, enhancing revenue prospects.
- Ongoing partnerships with Sony and other licensees support collaborative technological advancements.
Negative
- None.
Details
News Market Reaction – IDCC
The recorded move for IDCC in the trading session of this news was +13.62%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
WILMINGTON, Del., Jan. 03, 2023 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that the company has renewed two patent licenses with Panasonic Entertainment & Communication Co., Ltd., a Japan-based manufacturer of digital televisions.
“We are delighted to continue our longstanding business relationship with Panasonic,” commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. “These licenses, which cover our DTV and HEVC patents, were signed under our HEVC program, and under our joint digital TV licensing program which continues to deliver considerable value to InterDigital, our partner Sony, and to our licensees.”
About InterDigital®
InterDigital develops mobile and video technologies that are at the core of 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, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on NASDAQ. InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
InterDigital Contact:
Richard Lloyd
Email: richard.lloyd@interdigital.com
+1 (202) 349-1716
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