InterDigital and Sharp Corporation Expand Patent License Agreement to Include LTE Coverage
Companies Settle Arbitration Matter
Company Release - 8/17/2016 8:30 AM ET
WILMINGTON, Del., Aug. 17, 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 Sharp Corporation (“Sharp”) to add coverage for 4G technologies. Sharp is now licensed for the sale of its LTE and LTE-A terminal unit products. The parties also have settled the arbitration initiated by Sharp in December 2014.
“Sharp has been an InterDigital licensee since 1998 and InterDigital is pleased that Sharp is expanding its patent coverage to include 4G,” said Marie H. MacNichol, Vice President, Chief Licensing Officer and Chief Intellectual Property Counsel of InterDigital's patent holding subsidiaries. “We appreciate Sharp’s efforts in working with us to complete this transaction and continue our long-standing relationship, which will allow Sharp to continue its strong position in the wireless market.”
