WILMINGTON, Del., Dec. 19, 2013 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq:IDCC), a wireless research and development company, today commented on the final determination by the United States International Trade Commission ("ITC") in its investigation 337-TA-800 involving Nokia, Huawei and ZTE.
"Today's determination by the ITC is extremely disappointing. We believe the Commission's claim constructions are plainly wrong, and we look forward to appealing the determination as we have a strong track record of success before the U.S. Court of Appeals for the Federal Circuit. We also look forward to a positive conclusion to the ongoing ITC investigation of Huawei, ZTE, Nokia and Samsung, which is slated for completion in 2014 and is based on some of the same patents that have already been favorably construed at the Federal Circuit," said William J. Merritt, President and Chief Executive Officer.
"Ultimately, our contributions to the core technologies that underpin wireless devices and networks worldwide are universally recognized, by third party analysts as well as by our peers in the standards development process. We remain very confident that those contributions, as well as those of all companies involved in the standards process, will be fairly compensated," continued Mr. Merritt.
InterDigital will host a conference call on Friday, December 20, 2013 at 10:00 a.m. Eastern Time to discuss the decision and other company business. For a live Internet webcast of the conference call, visit www.interdigital.com and click on the link to the Live Webcast under the Events section on the homepage. The company encourages participants to take advantage of the Internet option.
For telephone access to the conference, call (888) 663-2258 within the United States or (913) 312-1467 from outside the United States. Please call by 9:50 a.m. Eastern Time on December 20 and ask the operator for the InterDigital ITC Decision Call.
An Internet replay of the conference call will be available on InterDigital's website in the Investors section. In addition, a telephone replay will be available from 1:00 p.m. Eastern Time December 20 through 1:00 p.m. Eastern Time December 25. To access the recorded replay, call (888) 203-1112 or (719) 457-0820 and use the replay code 3037073.
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.
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 our plan to appeal the ITC's final determination, our belief that there will be a positive conclusion to the ongoing ITC investigation of Huawei, ZTE, Nokia and Samsung and our belief that our contributions will be fairly compensated. Words such as "will," "expects," "believes," "look forward 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, changes to our litigation strategy, the ITC's determination in its ongoing investigation of Huawei, ZTE, Nokia and Samsung and our ability to secure new patent license agreements on acceptable terms. 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.
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