WILMINGTON, Del., Aug. 14, 2014 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq:IDCC), a wireless research and development company, provided the following comment on today's decision by the U.S. International Trade Commission to terminate Investigation No. 337-TA-868.
"The Commission's decision is disappointing, running contrary to a number of judicial decisions involving, in some instances, the exact same patents as in this case," commented William J. Merritt, President and Chief Executive Officer of InterDigital. "We look forward to our appeal to the Federal Circuit, which we believe will, again, find in InterDigital's favor. Meanwhile, our license agreements with major market leaders in both terminal units and infrastructure equipment have provided ample validation of our technology contributions and portfolio of inventions related to wireless technologies. As a result, we do not feel this decision will have any meaningful impact on our progress towards our licensing goals."
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 current beliefs, plans and expectations, including our belief that the Federal Circuit will find in InterDigital's favor on appeal and our expectation that the Commission's decision will not have any meaningful impact on our progress toward our licensing goals. Words such as "believe," "will," "expect," 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, but not limited to, an adverse decision by the Federal Circuit on appeal and unanticipated delays, difficulties or acceleration in the execution of patent license agreements. 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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