WILMINGTON, Del., Sept. 4, 2013 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq:IDCC), a wireless research and development company, commented on the notice issued today by the U.S. International Trade Commission (Commission) indicating that the Commission has determined to review in its entirety the Initial Determination in Investigation No. 337-TA-800 of wireless device manufacturers Nokia, Huawei and ZTE.
"We are very happy the Commission has decided to review the Initial Determination, and we are confident that it will rectify several clear errors and reach a decision that supports the value of InterDigital's innovations," said William J. Merritt, President and Chief Executive Officer of InterDigital. "We also welcome an examination by the Commission of the licensing record and FRAND obligations related to the investigation. A very thorough investigation on that issue is clearly important in terms of validating the injunctive relief that we're seeking. We are confident that the most thorough possible examination and documentation of this area will be favorable for InterDigital, given our strong licensing record and commitment to fair licensing."
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.
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 expectations with respect to the outcome of the Commission's review. Words such as "will," "expects," "believes," 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 full Commission. 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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