InterDigital Adds Todd Simpson to Lead Innovation Partners

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WILMINGTON, Del., May 7, 2013 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq:IDCC), a wireless research and development company, today announced that Todd Simpson has joined the company as Executive Vice President of Innovation Partners. In this role, Simpson will lead an expansion of the company's technology development capabilities through acquisitions, investments and partnerships with leading technology firms, inventors, universities and research organizations worldwide. Simpson will also be responsible for establishing and leading the company's planned Silicon Valley office, which will drive this initiative.

Simpson brings a wide range of experience and expertise to InterDigital after holding executive positions with several technology companies. Most recently, Simpson served as the Chief of Innovation for Mozilla where he created and led innovation efforts for the company, including leading Mozilla's Identity, Web Applications, Labs, Services and IT groups.

Innovation Partners is a newly formed organization established to capitalize on opportunities to expand and diversify the company's technology sourcing capabilities in response to fundamental changes in the mobile and wireless ecosystem. The concept is based upon the creation of collaborative partnerships to drive disruptive innovation by combining and leveraging expertise and capital in a manner that is beneficial to partners and customers. For example, InterDigital recently announced an investment and R&D collaboration with BIO-key International to target advanced cloud security, identity and access management solutions for the mobile market. Through this partnership, InterDigital will integrate its security technology with BIO-key's state-of-the-art fingerprint biometric authentication solutions to create product offerings for the mobile market.

"The mobile ecosystem is evolving rapidly, and Innovation Partners reflects our commitment to adapt and grow quickly and efficiently by working with leading innovators to create unique and valuable solutions," said Scott McQuilkin, Senior Executive Vice President of Innovation for InterDigital. "Todd's expertise in the development of innovative mobile software products coupled with his impressive track record of leadership, entrepreneurship and value creation make him the ideal choice to build this new organization and establish InterDigital's presence in Silicon Valley, a leading center for mobile innovation."

About InterDigital®

InterDigital develops fundamental wireless 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.

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

Source:InterDigital, Inc.