InterDigital and NEC Corporation Extend and Expand Patent License Agreement

WILMINGTON, Del., April 04, 2016 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and development company, today announced that its patent holding subsidiaries have amended their worldwide, non-exclusive, royalty bearing patent license agreement with NEC Corporation ("NEC”). The agreement has been amended to add coverage for 4G technologies and NEC is now also licensed for the sale of its LTE and LTE-A terminal unit and infrastructure products. The amendment also extends the existing term of NEC’s patent license with InterDigital.

“InterDigital is pleased that NEC is expanding its patent coverage to include LTE technologies and is extending the term of its license again,” said Lawrence F. Shay, President of InterDigital's patent holding subsidiaries. “NEC has been an InterDigital licensee for many years and with this new agreement will continue to be a licensee for years to come. This new agreement highlights the strength of InterDigital's research and intellectual property portfolio and the reasonableness of InterDigital’s licensing program and also positions NEC for continued strength in the wireless market. We appreciate NEC’s efforts in working with us to complete this transaction as it allows InterDigital and NEC to continue their mutually beneficial relationship.”

About InterDigital®

InterDigital develops mobile 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 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.

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InterDigital Contact: Patrick Van de Wille Email: +1 (858) 210-4814

Source:InterDigital, Inc.