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us45867g1013_012224.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 15) InterDigital, Inc. -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 45867G101 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 45867G101 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 4358711 (6) Shared voting power 0 (7) Sole dispositive power 4390364 (8) Shared
dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 4390364 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 17.1% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- InterDigital, Inc. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 200 BELLEVUE PARKWAYSUITE 300 WILMINGTON DE 19809-3727 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ----------------------------------------------------------------------- BlackRock, Inc. 50 Hudson Yards New York, NY 10001 2(c) Citizenship: -------------------------------------------------------------------- See Item 4 of Cover Page 2(d) Title of class of securities: ------------------------------------------------------------------- Common Stock 2(e) CUSIP No.: See Cover Page Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: [ ] Broker or dealer registered under Section 15 of the Act; [ ] Bank as defined in Section 3(a)(6) of the Act; [ ] Insurance company as defined in Section 3(a)(19) of the Act; [ ] Investment company registered under Section 8 of the Investment Company Act of 1940; [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); [X] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; [ ] A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. Amount beneficially owned: 4390364 Percent of class 17.1% Number of shares as to which such person has: Sole power to vote or to direct the vote 4358711 Shared power to vote or to direct the vote 0 Sole power to dispose or to direct the disposition of 4390364 Shared power to dispose or to direct the disposition of 0 Item 5. Ownership of 5 Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ ]. Item 6. Ownership of More than 5 Percent on Behalf of Another Person If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The interest of 1 such person, iShares Core S&P Small-Cap ETF, in the common stock of InterDigital, Inc. is more than five percent of the total outstanding common stock. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. See Exhibit A Item 8. Identification and Classification of Members of the Group If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identity of each member of the group. Item 9. Notice of Dissolution of Group Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. Item 10. Certifications By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 22, 2024 BlackRock, Inc. Signature: Spencer Fleming ------------------------------------------- Name/Title Attorney-In-Fact The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001). Exhibit A Subsidiary BlackRock Life Limited BlackRock Advisors, LLC Aperio Group, LLC BlackRock (Netherlands) B.V. BlackRock Fund Advisors* BlackRock Institutional Trust Company, National Association BlackRock Asset Management Ireland Limited BlackRock Financial Management, Inc. BlackRock Asset Management Schweiz AG BlackRock Investment Management, LLC BlackRock Investment Management (UK) Limited BlackRock Asset Management Canada Limited BlackRock Investment Management (Australia) Limited BlackRock Fund Managers Ltd *Entity beneficially owns 5% or greater of the outstanding shares of the security class being reported on this Schedule 13G. Exhibit B POWER OF ATTORNEY The undersigned, BlackRock, Inc., a corporation duly organized under the laws of the State of Delaware, United States (the "Company"), does hereby make, constitute and appoint each of Eric Andruczyk, Richard Cundiff, R. Andrew Dickson, III, Spencer Fleming, Daniel Goldmintz, Laura Hildner, Elizabeth Kogut, David Maryles, Christopher Meade, Una Neary, Charles Park, Daniel Riemer, David Rothenberg and Brenda Schulz, acting severally, as its true and lawful attorneys-in-fact, for the purpose of, from time to time, executing, in its name and on its behalf and on behalf of its direct and indirect subsidiaries, any and all documents, certificates, instruments, statements, filings, agreements and amendments (collectively, "documents") determined by such person to be necessary or appropriate to comply with ownership or control-person reporting requirements imposed by any United States or non-United States governmental or regulatory authority, including, without limitation, Schedules 13D and 13G and Forms 3, 4, 5, 13F and 13H and any amendments to any of the foregoing as may be required to be filed with the Securities and Exchange Commission, and delivering, furnishing or filing any such documents with the appropriate governmental or regulatory authority or other person, and giving and granting to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully and to all intents and purposes as the Company and/or its direct and indirect subsidiaries, as applicable, might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. Any such determination by an attorney-in-fact named herein shall be conclusively evidenced by such person's execution, delivery, furnishing or filing of the applicable document. This power of attorney shall expressly revoke the power of attorney dated 2nd day of January, 2019 in respect of the subject matter hereof, shall be valid from the date hereof and shall remain in full force and effect until either revoked in writing by the Company, or, in respect of any attorney-in-fact named herein, until such person ceases to be an employee of the Company or one of its affiliates. IN WITNESS WHEREOF, the undersigned has caused this power of attorney to be executed as of this 30th day of April, 2023. BlackRock, Inc. By: /s/ R. Andrew Dickson, III Name: R. Andrew Dickson, III Title: Corporate Secretary
The last 10 minutes of trading in IDCC over 275,000 shares changed hands.
1/22/24 @ 2:02 EST
128,500 shares @ $106.65
(Over half of the days volume)
Could this be the conversion of the remaining bonds on the old issue?
Lightwave Logic: Product Commercialization Progress Seems Slow
Jan. 21, 2024 3:29 AM ETLightwave Logic, Inc. (LWLG) Stock
https://seekingalpha.com/article/4664007-lightwave-logic-product-commercialization-progress-seems-slow?source=copy_to_clipboard
Regulation FD Disclosure.
On January 18, 2024, InterDigital, Inc. (the “Company”) presented at the 26th Annual Needham Growth Conference. During that presentation, Liren Chen, Chief Executive Officer of the Company, referred to current annual recurring revenue of about $430 million. This reference was an inadvertent error and was not intended to update the previously issued guidance for fourth quarter 2023 or outlook for first quarter 2024 that the Company issued on January 16, 2024. In issuing this Form 8-K, the Company is not affirming or updating guidance but merely correcting the inadvertent error. The Company disclaims any intention or obligation to update or revise its prior guidance, whether as a result of new information, future events or otherwise.
The information in this report is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.
InterDigital, Inc.
January 18, 2024 3:00 p.m. ET
26th Annual Needham Growth Conference
https://wsw.com/webcast/needham134/idcc/2202046
Correction IDCC short interest:
12/29 4.12m, up from 4.06m on 12/15. Sorry, typo.
IDCC short interest:
12/29 4.12m, up from 4.12m on 12/15.
Interdigital Inc (Symbol: IDCC) saw options trading volume of 1,560 contracts, representing approximately 156,000 underlying shares or approximately 44.7% of IDCC's average daily trading volume over the past month, of 349,280 shares. Especially high volume was seen for the $105 strike call option expiring January 19, 2024, with 327 contracts trading so far today, representing approximately 32,700 underlying shares of IDCC.
https://www.nasdaq.com/articles/notable-tuesday-option-activity:-aa-idcc-bby
Monterey2000 - My guess is that both Samsung and Panasonic were the biggest contributors to the catch up income.
Paullee - My guess is "share expense" is payable to Sony for their portion of the partnership with Interdigital.
InterDigital Issues Preliminary Financial Results for Fourth Quarter 2023 and Outlook for First Quarter 2024
Source: GlobeNewswire Inc.
InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced selected unaudited preliminary financial results for the quarter ended December 31, 2023, and an initial outlook for first quarter 2024.
Q4 2023 Preliminary Results
GAAP
The company expects total revenue to be approximately $105 million, comprised primarily of recurring revenue and in line with prior guidance.
The company expects operating expenses to be approximately $81 million, updated from its previous expectation of $77 to $79 million. The increase related to higher litigation costs and performance-based compensation.
Net income1 is expected to be approximately $34 million, above the previous expectation of $18 to $21 million. The diluted earnings per share is expected to be approximately $1.20, above the previous expectation of $0.70 to $0.80. These increases are primarily related to the company’s expected release of a value allowance against deferred tax assets in certain foreign jurisdictions.
Non-GAAP
Adjusted EBITDA2 is expected to be approximately $52 million, at the top end of the prior guidance.
Non-GAAP net income3 is expected to be approximately $36 million, above the previous expectation of $31 to $34 million.
Non-GAAP diluted earnings per share3 is expected to be approximately $1.34, above the previous expectation of $1.17 to $1.29.
Q1 2024 Outlook
Total revenue is expected to be in the range of $245 to $255 million, including approximately $152 to $160 million of catch-up sales.
Operating expenses are expected to be in the range of $146 to $154 million, including revenue share expense of $66 to $69 million.
Net income1 is expected to be in the range of $70 to $85 million, or $2.50 to $3.00 per diluted share.
This outlook is based on estimates covering existing licenses, and does not include any new agreements we may sign over the balance of the first quarter.
The company has not yet finalized its financial results for the quarter and full year ended December 31, 2023 or outlook for first quarter 2024. These preliminary financial results and outlook reflect the company’s current estimates, based on information available to management as of the date of this release, and are subject to further changes upon completion of the company’s standard quarter and year-end closing procedures, as applicable. This update does not present all necessary information for an understanding of InterDigital’s financial condition as of the date of this release, or its results of operations for the fourth quarter and full year ended December 31, 2023 or first quarter 2024. As InterDigital completes its quarter-end and year-end financial close processes and finalizes its financial statements for the quarter and year-end, it will be required to make significant judgments in a number of areas and expects to receive new information including customer royalty reports for periods ended December 31, 2023. It is possible that InterDigital may identify items or receive new information that require it to make adjustments to the preliminary financial information set forth above and those changes could be material. InterDigital does not intend to update such financial information prior to release of its final fourth quarter and full year ended December 31, 2023 financial statement information and updated first quarter 2024 guidance, which is currently scheduled for Thursday, February 15, 2024.
Conference Call and Webcast Information
The company will discuss its business and outlook for first quarter 2024 at the 26th Annual Needham Growth Conference on Thursday, January 18th, 2024, at 3:00 PM ET.
InterDigital executives will also host a conference call on Thursday, February 15, 2024 at 10:00 a.m. Eastern Time (ET) to discuss the company's performance.
To access the live webcasts of these events, please visit the Investors section of the company's website. Archived replays will also be available following the events.
About InterDigital®
InterDigital develops mobile and video 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, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
Question regarding the balance of the 2024 convertibe bond issue:
The common stock has been trading above $103 for longer than 20 consecutive business days. If these bonds were converted to stock, would it require an SEC filing?
Thanks in advance.
InterDigital to Present at the 26th Annual Needham Growth Conference
Source: GlobeNewswire Inc.
InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced that the company will be presenting at the 26th Annual Needham Growth Conference on Thursday, January 18th, 2024, at 3:00 PM ET.
To access the live webcast, please visit the Events Calendar tab in the Investors section of the company's website. An archived replay of the presentation will also be available following the conference.
About InterDigital®
InterDigital develops mobile and video 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, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
InterDigital lays down the law after court win vs Oppo
Even in victory, patent-licensing firm InterDigital is keen to state its case against Oppo and two of its subsidiaries.
Nick Wood January 9, 2024
Germany's regional court in Munich recently ruled in favour of InterDigital in its ongoing patent spat with the Chinese device makers, issuing injunctions against Oppo, OnePlus and Realme.
The court declared that they have infringed InterDigital's patents and – unlike InterDigital – have acted as unwilling patent licensees that have not abided by FRAND (fair, reasonable and non-discriminatory) principles.
In a statement, InterDigital's chief legal officer Josh Schmidt unsurprisingly welcomed the decision, and urged Oppo to "meaningfully engage" in negotiating a new patent-licensing agreement.
InterDigital sued Oppo, OnePlus and Realme in Germany, the UK and India in late 2021. It wants damages and injunctive relief on grounds that the three have for years been infringing its standards-essential patents (SEPs) relating to 3G, 4G, and 5G tech, and the HEVC video codec.
"Our negotiations with Oppo have taken nearly a decade and Oppo has not made a single payment for its unauthorised use of our patented innovation," said Eeva Hakoranta, InterDigital's chief licensing officer, in a separate blog post.
She described the Munich court's decision as a clear-cut verdict against Oppo that "highlights a pattern of blatant holdout behaviour," where delay tactics are used in lieu of genuine willingness to take a licence.
"We initiated this dispute against Oppo to protect the virtuous cycle of innovation and to preserve the delicate balance on which it rests by ensuring that companies like Oppo pay a fair royalty for their use of patented technology. As the negotiation history shows, we did not rush to the courtroom to secure litigation-driven leverage," Hakoranta said. "On the contrary, we actively engaged Oppo in genuine negotiations and adhered to commonly accepted principles of FRAND licensing."
However, the court's decision is unlikely to bring Oppo to the negotiating table.
When Germany ruled in favour of Nokia in its own, separate patent suit against Oppo, rather than license the protected technology, Oppo, OnePlus and Realme simply opted to pull out of Germany instead.
As a result, the Munich court issuing an injunction in favour of InterDigital is not going to affect a defendant that has already left the country.
Oppo and its subsidiaries still sell devices in the UK and India though, so rulings in these jurisdictions will be the ones to watch out for.
Oppo certainly isn't letting patent infringement suits get in the way of launching new products either.
This week it took the wraps off its latest flagship, the Find X7 Ultra. Describing it as the ultimate camera phone, it incorporates two periscope lenses. These make clever use of mirrors to enable powerful optical zoom capabilities in a compact form factor. It is powered by Qualcomm's latest Snapdragon 8 Gen 3 chip.
It also won't go on sale outside China, according to various reports which means either Oppo can't make the numbers add up, or it's wary about potentially being sued off the shelves in other markets.
https://www.telecoms.com/telecoms-law/interdigital-lays-down-the-law-after-court-win-vs-oppo
InterDigital (IDCC) Inks Panasonic Patent License Renewal Deal
Zacks Equity Research Published on January 10, 2024
InterDigital, Inc. recently inked a patent license renewal agreement with Panasonic Entertainment & Communication Co., Ltd. for an undisclosed amount. The deal extends InterDigital’s HEVC (High-Efficiency Video Coding) patent license and underscores the healthy momentum of its licensing portfolio.
The renewal of the contract will enable this Japan-based multinational electronics corporation to continue using its technology without any dispute. In addition, Panasonic extended its digital TV license under InterDigital’s joint licensing program with Sony. The patent renewal agreement will enable Panasonic to strengthen its rich portfolio of assets in wireless technologies to better serve its customers.
InterDigital’s commitment to licensing its broad portfolio of technologies to wireless terminal equipment makers, which allows it to expand its core market capability, is laudable. It has leading companies, such as Huawei, Samsung, LG and Apple, under its licensing agreements. Consequently, the company expects to generate solid recurring revenues from the patent licensing business in the forthcoming quarters as well.
IDCC’s global footprint, diversified product portfolio and ability to penetrate different markets are impressive. Apart from the company’s strong portfolio of wireless technology solutions, the addition of technologies related to sensors, user interface and video to its offerings is likely to drive significant value, considering the massive size of the market it licenses. Furthermore, the company remains committed to pursuing acquisitions to drive its product portfolio and boost organic growth.
The company is focused on pursuing agreements with unlicensed customers in the handset and consumer electronics markets. InterDigital aims to become a leading designer and developer of technology solutions and innovation for the mobile industry, IoT and allied technology areas by leveraging its research and development capabilities, technological know-how and rich industry experience. At the same time, it intends to enhance its licensing revenue base by adding licensees and expanding into adjacent technology areas that align with its intellectual property position.
The stock has gained 77.6% over the past year compared with the industry’s growth of 4.1%.
InterDigital currently carries a Zacks Rank #2 (Buy).
https://www.zacks.com/stock/news/2208147/interdigital-idcc-inks-panasonic-patent-license-renewal-deal
InterDigital 2023 Year-End Newsletter
DECEMBER 19, 2023 / POSTED BY: INTERDIGITAL COMMS
As we close out another exciting year, we are especially proud to celebrate the continued achievement in innovation, technology leadership, and collaborations across the InterDigital team and with our industry partners. This newsletter reflects InterDigital’s achievements throughout 2023 including recognitions and industry announcements, thought leadership and state-of-the-art demos, leadership elections, industry awards, and much more.
InterDigital in the Spotlight
• This year, InterDigital was recognized by LexisNexis IP Solutions as among the Top Ten 5G Patent owners, and among the top five when analyzed on patent quality and quantity.
• InterDigital was once again named one of the World’s Top 100 Innovators in a report from Lexis Nexis. The report includes companies that own some of the world’s leading patent portfolios that possess what Lexis Nexis terms the “highest innovation momentum,” based on the company’s proprietary analytics. InterDigital was also named among the Top 100 Leaders in Sustainable Innovation by Lexis Nexis.
• InterDigital welcomed industry collaborators, local government, and academic partners for an official ribbon cutting to open the new Cesson-Sévigné office building, InterDigital’s newest and largest office. In attendance were InterDigital’s engineers and executive committee alongside local industry and government leaders, like Cesson-Sévigné Mayor Jean-Pierre Savignac.
Industry Leadership
• This year, InterDigital welcomed a new Chief People Office, Skip Maloney, who brings more than 25 years of industry experience in innovation-led companies to head InterDigital’s HR department. In addition, InterDigital’s leadership was further enhanced by naming Mang Zhu as Head of IP and Jason Wu as General Manager of InterDigital’s new China office.
• InterDigital named prolific innovators Paul Marinier and Karam Naser as Inventors of the Year, recognized for their outstanding research contributions to wireless evolution and state-of-the-art video compression standards. With more than 500 inventions between them, Paul and Karam have deeply influenced our industry through their leadership, expertise, and creative ingenuity that has unlocked new potential for 5G and beyond and immersive video experiences.
• InterDigital’s Vice President and Head of Wireless Standards Diana Pani was elected to chair 3GPP RAN2. Diana Pani is the first woman in 3GPP history to hold this role, and as chair she will foster industry consensus in the development of specifications for 5G Advanced, and next generation standards. Diana was also featured on a 4iP Council podcast exploring her unique engineering and 3GPP standards leadership journey, and wise advice for aspiring innovators. Diana was later shortlisted for the World Communication Awards Women in Telecoms Award.
• InterDigital’s Alain Mourad, Head of Wireless Lab Europe, was elected to the serve a three-year term on the ETSI Board, and was also elected Chair of the ETSI Industry Specification Group on Integrated Sensing and Communication (ISAC), an early technology building block for 6G. Aside from these responsibilities, Alain was also selected to serve on the UK Expert Working Group on Wireless Technologies.
• Doug Castor, InterDigital’s Head of Wireless Research, was re-elected Vice Chair of the ATIS Next G Alliance National 6G Roadmap Working Group, which is responsible for shaping the 6G vision and developing the technology evolution path aligned with North American priorities.
• Vice President of Standards Ralf Schaefer was elected to the DVB Steering Board. The DVB project is an industry-leading consortium that develops open technical specifications for digital media delivery. The Steering Board is responsible for setting the policy direction and handling the coordination, priority-setting, and management for the DVB Project.
• Principal Engineer Joseph Levy was elected to the IEEE Board of Governors. The IEEE Standards Association (IEEE SA) is a leading consensus building organization that fosters, develops, and advances global technologies through the IEEE and the Board of Governors directs the IEEE SA in establishing policy, providing financial oversight, and managing all IEEE standards-related activities.
• Principal Engineer Alec Brusilovsky was elected Vice Chair of the ETSI Industry Specification Group on Securing Artificial Intelligence (ETSI ISG SAI). The ETSI ISG SAI explores three key areas, including the use of AI to enhance conventional security, how to mitigate against AI-generated attacks, and ways to secure AI from attack.
• InterDigital’s Atle Monrad was re-elected to serve as Vice Chair of 3GPP’s Core Network and Terminals (CT) plenary. The CT plenary oversees the work of all core network and terminals working groups that are critical for network evolution.
• Principal Engineer Chonggang Wang was bestowed the Delaware Valley Engineer of the Year award by the IEEE Philadelphia Section.
• Samir Armaly joined the InterDigital Board of Directors. Mr. Armaly is an experienced tech executive with a deep understanding of the video services sector and global IP licensing.
• InterDigital’s Energy Aware Media team was awarded Best Full-Length Paper at the 2023 Mile High Video Conference for their paper “Energy-Aware Images: Quality of Experience vs Energy Reduction.” Written by engineers in the Video Lab, including Olivier Le Meur, Claire-Helene Demarty, Erik Reinhard, Franck Aumont, and Laurent Blondé, the paper proposes a new framework for analyzing and processing video frames that allow modern screens to use less energy when displaying these frames.
• InterDigital’s Video for Machines team, including engineers Junghyun Ahn, Jiahao Pang, Muhammad Lodhi, and Dong Tian, were awarded Best Paper at the 2023 IEEE International Symposim on Circuits and Systems show in the Visual Signal Processing and Communications track for their paper “DDA-Net: Deep Distribution-Aware Network for Point Cloud Compression.”
Partnerships and Announcements
• InterDigital signed an HEVC and VVC patent license with LG Electronics, covering a range of LG products such as TVs and PCs and also signed digital television and video patent licenses with Panasonic.
• In addition, InterDigital signed a license agreement with Lenovo covering InterDigital’s cellular wireless and HEVC video patents, and these agreements follow litigation in the UK and Germany.
• InterDigital agreed to renew a license agreement with Samsung and enter into binding arbitration to determine the final terms.
• InterDigital signed a new license agreement with Alpine Alps, covering Alps Alpine’s range of devices under InterDigital’s standard essential patents related to HEVC.
• InterDigital joined Avanci’s 5G connected vehicle patent pool as a founding member.
• InterDigital and the University Carlos III of Madrid expanded their bilateral research partnership, with InterDigital sponsoring experimental research and innovation at UC3M that explores integrated sensing and communications in next-generation cellular systems, 5G Advanced, and 6G. This research will help unlock multi-dimensional sensing information about connected devices, unconnected objects, and their movements and surroundings to support new use cases and services.
• InterDigital and the Indian Institute of Technology Kanpur (IIT-K) announced a bilateral research partnership, with InterDigital sponsoring research and innovation at IIT-K that advances MIMO (Multiple-Input, Multiple-Output) systems to achieve the improved spectrum efficiency and network coverage required for 5G Advanced and 6G network deployments. The research will support critical advancements enabling networks to scale and meet growing bandwidth and coverage demands of advanced applications like metaverse experiences, holographic communications, and digital twins.
• InterDigital and the 6G Innovation Centre (6GIC) at the University of Surrey also announced a bilateral research partnership to develop 6G enabling technologies that may impact future wireless standards. InterDigital is sponsoring research at 6GIC in technologies like integrated sensing and communication and reconfigurable intelligent surfaces (RIS), both expected to be important features of 6G.
Thought Leadership and Demonstrations
• InterDigital President CEO Liren Chen delivered a high-profile keynote at the 12th China Intellectual Property Annual Conference and was interviewed on stage at IPBC Global. He also published a letter in the Financial Times explaining why the EU should reconsider its SEP regulation to preserve the important balance of innovation. Liren was later interviewed on Live with Karen Walker, fielding questions about 5G, video, AI/ML, and corporate leadership.
• InterDigital’s CTO Rajesh Pankaj was featured as a special guest on the Telecoms.com podcast discussing topics ranging from what’s ahead for 6G, the importance of patent licensing, and the need for the next G, and his interview with Authority Magazine offered insight into his journey to becoming InterDigital’s CTO, the power of global standards and potential for 6G, and more.
• Chief Licensing Officer Eeva Hakoranta was named one of IAM’s Top 40 “Market Makers,” and she later spoke on a panel at IPBC Global.
• InterDigital Chief Legal Officer Josh Schmidt spoke at the 10th Annual IP Dealmakers Forum, detailing the state of the IP market and the highs and lows of 2023.
• At Mobile World Congress Barcelona, InterDigital showcased AI/ML-enhanced wireless XR use cases and HDR and immersive video solutions enabling next-generation connected ecosystems, Head of Wireless Labs Milind Kulkarni spoke on a panel exploring “5G, AI, and XR for New Immersive Experiences.” InterDigital CEO Liren Chen connected with Mobile World Live to discuss the trends of AI/ML, 5G and 6G, and immersive experiences across the show.
• Later in the year at MWC Las Vegas, InterDigital’s Milind Kulkarni presented at a MWC 6G conference session on “Envisioning a 6G Future,” detailing the foundation of 5G Advanced and the new capabilities that can be expected from the evolution to 6G.
• InterDigital returned as co-sponsor of the 6GSymposium Spring in London and 6GSymposium Fall in Washington D.C., driving discussions and collaborative efforts to articulate a strong vision for 6G. Head of Wireless Labs Milind Kulkarni delivered a keynote at the Spring event, while CTO Rajesh Pankaj outlined a 6G vision at the 6GSymposium Fall. InterDigital leaders and engineers participated in and moderated an array of thoughtful panel discussions with representatives across government, academia, and industry.
• InterDigital demonstrated at AWE USA 2023 alongside Philips to showcase how volumetric video-based codecs and creation pipelines enable increasingly immersive and XR-driven volumetric video experiences. The partners demonstrated the application of their codec and content creation pipelines for use cases like telelearning.
• At IBC, InterDigital showcased cutting-edge video innovation, including an array of research contributions to video codecs, advanced HDR solutions, and pioneering innovations in energy aware media technologies at the Media Coding Industry Forum (MC-IF) and Ultra HD Forum partner booths, and the IABM Lounge.
ESG and Social Engagement
• In addition to being named one of the Top 100 Leaders in Sustainable Innovation by LexisNexis, InterDigital’s 2023 Corporate Sustainability Report outlines our commitment to Environment, Human Capital, Social, and Governance (ESG) principles and progress in these areas.
• For the second year, InterDigital and Temple University awarded the 2023 William J. Merritt Student Fellowship Award, this year to recipients Mikiko Galpin and Kemberly Viveros. Granted in honor of InterDigital’s former president and CEO and Temple Law Alumnus Bill Merritt, the fellowship provides financial and mentorship support for Temple Law students exploring topics at the critical intersection of technology and law.
• At InterDigital, we lead and contribute to initiatives that help address the growing energy demands of video, while continuing to encourage innovation in cutting-edge compression solutions. These blogs introduce InterDigital’s unique impact in video sustainability through novel innovations and standards leadership roles, and detail our efforts to encourage greater energy awareness.
• For World Standards Day, InterDigital President and CEO Liren Chen penned a blog about “Unlocking the Sustainable Power of Standards,” and later detailed how standards promote sustainable innovation.
• InterDigital’s Bike the Bay MS Fundraising team, raised more than $50,000 on a 75-mile bike ride to raise money and awareness for multiple sclerosis.
Reports and Blogs
• Spotlight on HEVC: The Codec of Choice for the Video Streaming Industry: This report commissioned by InterDigital and written by Futuresource Consulting, looks at HEVC’s development, how it enables higher quality video for subscribers, examines HEVC’s increased usage among the streaming giants, and looks at what’s next for codecs in the rapidly evolving delivery of video content.
• The State of 5G-Advanced: Empowering New Verticals and Industries: A new report commissioned by InterDigital and written by ABI Research, outlines the development of 5G-Advanced and its new features that will see enhancements to existing 5G technology over the next three years (2023-2026). 5G Advanced will be 5G’s transformational phase and improve existing specifications while also introducing new features that aim to optimize network operations and pave the way for innovative enterprise use cases and business models that have not been feasible with earlier generations.
• Defining the XR Experience: Enabling the Immersivity Ecosystem: This white paper commissioned by InterDigital and written by ABI Research details the standards, solutions, and emerging challenges shaping new extended reality (XR) opportunities. While consumer adoption of XR headsets and services has been relatively slow, the report points to improvements in device hardware, content capture, encoding, and XR-specific content distribution capabilities as critical components to fuel future growth of the XR market.
• Strengthening UE-EU Cooperation on Technical Standards in an Era of Strategic Cooperation: InterDigital supported a paper written by the German Marshall Fund of the United States that explores how key global standards like cellular wireless can be preserved in an era of heightened geopolitical tension.
• Experience the Future of 6G: A New Direction for Telecom: This joint study from InterDigital and Omdia highlights the need for a new quality of “personal” experience (QoPE) framework and metrics to measure the success of 6G-enabled services that will unlock new possibilities for users and operators alike.
• The Evolution of Compression in a Video-First Economy: This white paper commissioned by InterDigital and written by Futuresource Consulting, examines the foundational nature, state of evolution, and critical features of codecs and video standards. The paper outlines the development path of video compression codecs that have been proven critical in reducing bandwidth and improving efficiency in the delivery of the data dense video services and entertainment we all enjoy.
• AI is the Key for 5G Success: A new paper released by InterDigital and written by ABI Research examines the network domains and standards efforts where AI and ML are being integrated to automate critical 5G operations.
• At MWC Vegas, InterDigital Outlines an Innovative and Evolutionary Journey to 6G: In a conference session titled “Envisioning a 6G Future”, Milind Kulkarni detailed the importance of standards in evolving our communications capabilities and introduced InterDigital’s 6G vision and the new uses cases and applications that will be enabled by even faster speeds, lower latency, and enhanced capacity under the next G.
• Integrating Sensing and Communications: A Key Building Block for 6G: Alain Mourad, the recently elected Chair of the ETSI ISG on ISAC, introduces this newly identified, revolutionary feature of 6G that will unlock new capabilities by innovations to devices and the networks on which they operate.
• Interns at InterDigital: Throughout 2023, InterDigital Video Lab welcomed dozens of brilliant interns and researchers to explore and contribute to the industry-shaping research and innovation led at InterDigital. This blog series introduces InterDigital’s world-class engineers and their exciting research in Vision for Machines, 2D Video Standards and Solutions, and Immersive and Metavideo Standards.
• In high-profile speech InterDigital CEO emphasizes the close links between innovation and IP licensing: InterDigital CEO and President Liren Chen delivered a keynote speech at the China IP Annual Conference in which he highlighted the strength of InterDigital’s innovation in areas like 5G, the company’s leadership in the standards community, and why it’s important to take account of patent quality when analyzing a company’s IP portfolio.
• InterDigital at MWC 2023: In Barcelona, InterDigital was pleased to welcome a variety of visitors to experience our innovative research and industry collaborations that leverage AI/ML to enhance wireless network behaviors beyond 5G, provide rendering and delivery solutions for high quality HDR content, and shape standards for immersive and sensory-enhanced video experiences.
• Exploring the Role of Static Diffuse White Feature for Effective Graphics Management: InterDigital and Philips collaborate on Advanced HDR solutions to address the transition from SDR to HDR content and InterDigital’s Valérie Allié and David Touzé detail how our suite of solutions addresses the challenge of delivering live HDR and SDR content so that all audiences receive the highest quality video, regardless of their device type.
• How patent holdout is moving up the agenda: An event held at the University of California Berkeley Haas School of Business reflects how discussion around the topic of patent holdout is moving up in importance in academic discussions.
• AI at the Edge: Fast Times Ahead for 5G and the Internet of Things: InterDigital's Milind Kulkarni contributed to a recent ZDNET article highlighting 5G's potential and the dramatic impact AI can have on the reliability and efficiency of wireless networks.
• Strategising 6G: 6G represents more than "faster 5G" because it brings sensory capabilities expected to include complex analytical insights, distributed control over more connected objects, and an expanded range of digital-human interactions. InterDigital's Jeffrey Metzger outlines in FEED Magazine the strategies for 6G and what a high-quality 6G experience might look like.
• World IP Day: Celebrating InterDigital’s Female Inventors: While the theme for World IP Day 2023 is “Women and IP: Accelerating innovation and creativity,” the World Intellectual Property Organization (WIPO) notes that: “Too few women are participating in the intellectual property system [which] means too few women are benefitting from IP.” This year, we spotlight a few leading female inventors from InterDigital’s Wireless Lab and Video Lab, and recognize the importance of supporting more women in IP.
• What is 6G?: InterDigital's Milind Kulkarni joins wireless experts in describing to Telecoms.com what 6G will be capable of, and what lessons can be drawn from the 5G rollout.
• How InterDigital’s Video Solutions are Encouraging Greater Energy- Awareness: At InterDigital, we lead and contribute to several initiatives that help address the growing energy demands of video, while continuing to encourage innovation in cutting-edge solutions. InterDigital’s impact is shaped by leadership in energy-aware technologies, video codecs, and standards.
• The Importance of Making 6G experiences Human Centric: InterDigital’s Senior Staff Engineer Chathura Sarathchandra spotlights for TVB Europe the critical importance of seamless user experiences when promoting the benefit of sensory 6G, and the need for new language to define the quality of the physical experience for users.
• 5G at the Edge: Edge computing is a critical technology that will both supplement 5G capabilities and complement 5G networks. As more applications and use cases are enabled by the edge, InterDigital’s Robert Gazda detailed the key benefits and new opportunities made possible by our innovative contributions in this space.
• How InterDigital Leads in Video Sustainability: InterDigital’s portfolio of technologies include solutions that help the video entertainment industry achieve more sustainable outcomes without impacting visual quality. InterDigital’s energy-aware advocacy has been acknowledged across industry circles and in global standards bodies such as ITU-R, MPEG, DVB, ATSC, and SMPTE, and InterDigital engineers are often consulted for their expertise and understanding of sustainability considerations.
• What content owners should consider when delivering SDR and HDR content: InterDigital's Vice President of Technology Alan Stein shares his perspective on the elements that content owners and aggregators should consider when implementing solutions that help manage the complexity of delivering both SDR and HDR content.
• Minimizing the Environmental Impact of Broadcast and Streaming Technology: InterDigital’s Erik Reinhard’s article with TVTech introduces the innovations helping to make sustainability in broadcast and streaming media more achievable.
• International Arbitration: The Best Practice for Resolving Global Licensing Issues: InterDigital began the year with major licensing announcements, including plans to enter arbitration with Samsung to determine the final terms of a new license, and InterDigital's Chief Licensing Officer Eeva Hakoranta reflects on why arbitration is in many cases the best way to resolve patent license disputes.
• AI in Wireless eBook: InterDigital’s ebook looks at the impact AI/ML is having on wireless technology and how it will affect the networks of the future.
• What is 5G?: This Telecoms.com article dives into the specific features and applications that define this latest wireless generation, with expert insight from InterDigital's Ghyslain Pelletier alongside other industry leaders on what is 5G.
• Capturing the Edge Computing Opportunity in 5G and Beyond: InterDigital's Robert Gazda shares with VanillaPlus a few use cases where the fusion of edge computing and 5G will transform how people engage with technology and how businesses operate.
• What is the reality of 6G and how will it impact people?: InterDigital's Donald Butts shares with Mobile Europe what we know about 6G and the ways it might cater to infinitely more connected sensory devices, wireless sensing, and localization technologies.
• How Standards Promote Sustainable Innovation: InterDigital and our peers are increasingly focused on the need to make networks and products more energy-efficient and are exploring ways to incorporate energy reduction features into industry-wide standards. On World Standards Day, we reflected on how standardized technologies can help shape a more sustainable future.
https://www.interdigital.com/post/interdigital-2023-year-end-newsletter
InterDigital awarded injunction against OPPO, Realme and OnePlus
January 08 2024 - 06:00AM
InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced it has acted in a FRAND manner, and that OPPO, Realme and OnePlus are unwilling licensees who have not acted in line with widely recognized FRAND principles.
“This resounding victory is another example of the quality of our innovation and our leadership in licensing standardized technologies such as 5G,” commented Josh Schmidt, Chief Legal Officer, InterDigital. “Having been determined to be an unwilling licensee by the court in Munich we urge OPPO to now meaningfully engage in negotiations and to take a fair and reasonable license to our patented innovation.”
You can learn more about the decision here.
About InterDigital®
InterDigital develops mobile and video 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, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
InterDigital Contact:
Richard Lloyd
Email: richard.lloyd@interdigital.com
+1 (202) 349-1716
An update on our dispute with OPPO
An update on our dispute with OPPO
JANUARY 8, 2024 / POSTED BY: EEVA HAKORANTA, CHIEF LICENSING OFFICER, INTERDIGITAL
Shortly before Christmas, InterDigital won a significant court victory against OPPO in Germany as part of our pursuit of fair and reasonable compensation for our patented innovations.
The Munich Regional Court I ruled that InterDigital has acted in a FRAND manner, that OPPO infringed InterDigital’s 5G patent in suit, that OPPO is not a willing licensee and thus has not acted in a FRAND-compliant manner, and that InterDigital should receive injunctive relief in the German market. In short, it was a clear-cut verdict against OPPO and highlights a pattern of blatant holdout behavior which, unfortunately, has become all too familiar for innovators in standardized technologies like cellular wireless. OPPO does have the right to appeal this judgment.
The German case is just one part of our ongoing dispute with OPPO but, given the court’s stern criticism of OPPO’s behavior, I thought I would take this opportunity to provide an update on where we stand in our fight to be compensated fairly for our innovations.
No evidence of willingness from OPPO
Among several key takeaways, the Munich verdict showed once again that FRAND licensing is a two-way street. It is not just the SEP owner who should be expected to drive negotiations and to show a willingness to conclude a license on FRAND terms. The infringer must also demonstrate a clear commitment to negotiating in good faith and, in respect of this obligation, OPPO has been shown to be severely lacking.
In the part of the Munich verdict, which is perhaps most critical of OPPO, the three-judge panel reiterated that the infringer must clearly and unambiguously declare its willingness to conclude a license agreement with the patentee on reasonable and nondiscriminatory terms and must also subsequently participate in the license negotiations in a targeted manner. Our negotiations with OPPO have taken nearly a decade and OPPO has not made a single payment for its unauthorized use of our patented innovation. The judges also wrote that, “…taking into account the entire history of negotiations to date, a genuine willingness to negotiate and take a license on the part of [OPPO] cannot be established.”
OPPO’s track record demonstrates that its primary target is delay. As the Munich decision points out, "the lack of or delayed reactions by OPPO to the offers made by InterDigital, show that OPPO was not truly willing to contribute to bona-fide license negotiations.” According to the Munich court, OPPO has "impressively shown in the present proceedings how patent infringers practice hold-out by constant requests for comparable license agreements while at the same time, by doing so, trying to obfuscate their lack of willingness to take a license.”
In addition, the court ruled that OPPO’s counteroffers were unFRAND because they were based on rates that are significantly less than its licensed competitors are paying and assumed an average sales price for infringing devices that is well below the market.
The court also dismissed OPPO’s attempts to rely on the decision from the UK’s High Court in our dispute with Lenovo. This decision was ruled not to apply here because our LG agreement, on which the UK High Court based its determination, is limited to cellular SEPs, expired in 2020, and does not include 5G, and because the decision does not contain any discussion of German FRAND case law. Additionally, our negotiations with OPPO are for a license to a broader set of technologies than the Lenovo UK decision covered.
We initiated this dispute against OPPO to protect the virtuous cycle of innovation and to preserve the delicate balance on which it rests by ensuring that companies like OPPO pay a fair royalty for their use of patented technology. As the negotiation history shows, we did not rush to the courtroom to secure litigation-driven leverage.
On the contrary, we actively engaged OPPO in genuine negotiations and adhered to commonly accepted principles of FRAND licensing. I am particularly pleased that the Munich court has seen through the constructive refusal of OPPO to take a license and recognized that InterDigital´s behavior has been consistent with FRAND through the long course of negotiations.
A broader message
I also want to take this opportunity to reflect on what this verdict means for a broader audience, particularly those currently engaged in discussions over a new SEP regulation within the European Union.
Too often when SEP licensing is debated by policymakers, the spotlight overwhelmingly falls on the actions of SEP-owning innovators – likely because implementers are in the majority and drown out the voice of the innovation community. And yet, as several court decisions have demonstrated, it is so often the behavior of large and powerful implementers that is shown to contravene widely accepted FRAND principles.
As it is currently framed, the EU’s regulation does not address widespread holdout in any manner and would further tip the balance of power on the continent between innovators and implementers firmly in favor of the latter, benefiting the likes of OPPO and other device makers who are not based in Europe.
Innovation, such as 5G and advanced video compression, should be nurtured and protected in a way that both rewards innovators and allows technologies to be implemented in consumer devices. FRAND licensing is a vital part of this ecosystem and, as our resounding court victory in Munich shows, InterDigital is committed to negotiating on fair and reasonable terms.
Following this clear verdict I hope that OPPO now genuinely engages in negotiation and does not simply pay lip service to FRAND. Innovators and implementers have much more to gain by working together to deliver ever-more advanced technologies to consumers.
Paullee - Thank you sir! EOM
Paullee - Thank you for posting Lenovo's recent filing in the NC legal proceeding. Lenovo's position is so contorted (IMHO) that they have a better chance of winning a suit against their own legal counsel for malpractice than they have against InterDigital for any patent matters. This should weigh against Lenovo in the appeal that IDCC has begun in the royalty rate setting suit by prompting those decision makers to lean towards triple damages. (JMHO)
Noteworthy Wednesday Option Activity: IDCC, COOP, DKNG
December 27, 2023 — 03:24 pm EST
Written by BNK Invest for BNK Invest ->
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Interdigital Inc (Symbol: IDCC), where a total volume of 2,736 contracts has been traded thus far today, a contract volume which is representative of approximately 273,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 63.1% of IDCC's average daily trading volume over the past month, of 433,535 shares. Particularly high volume was seen for the $100 strike put option expiring January 19, 2024, with 1,302 contracts trading so far today, representing approximately 130,200 underlying shares of IDCC. Below is a chart showing IDCC's trailing twelve month trading history, with the $100 strike highlighted in orange:
https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity:-idcc-coop-dkng
New Photonic Chip Is the Full Package
For the first time, researchers place a photonic filter and modulator on a standard chip
LUCAS LAURSEN
25 DEC 2023
in the quest to achieve wide-band, high-resolution photonic radio sensitivity in a tiny package. Marpaung says that when someone reaches sub-10-MHz spectral resolution across a 100 gigahertz band, they will be able to replace bulkier electronic RF chips in the marketplace. Another advantage of such chips is that they would convert RF signals to optical signals for direct transmission through fiber optic networks. The winners of that race will be able to reach the huge market of telecoms providers and defense manufacturers who need radio receivers capable of reliably navigating complicated radio-frequency (RF) environments.
known about the Brillouin effect for more than 100 years, but has attracted renewed interest in recent decades. In the past, researchers have used it to store the information in an optical pulse before retransmitting it, a trick that dodges the need to convert light into electricity and back again.
Of course, the dream of an integrated photonic chip has many moving parts. The Sydney researchers write that modulators made by others are improving fast in ways that will help their technology, too. Other advances in related tech may favor some of the other groups working on an integrated photonic chip. “If you solve the integration problem and the performance problem and practicality you will get market uptake,” Marpaung says.
https://spectrum.ieee.org/photonic-chip
I find it interesting that (according to this article), the interest calculation on the amount paid by Lenovo to InterDigital covered a time period of 16 years. Lenovo bought the cellphone business from Motorola in 2014. So I assume that number of units included the phones sold by Motorola.
The wheels of justice turn ever so slow but grind ever so fine.
Judge Jose Linares has more than 40 years of experience in judicial service, private practice, and as a businessman, having owned and managed several successful retail enterprises. Over the course of his career, he has developed an exceptional reputation in the skills necessary to resolve complex disputes, relying on his extensive experience as both a judge and trial lawyer.
The Honorable Jose Linares chairs McCarter’s Alternative Dispute Resolution practice. He served as Chief Judge of the United States District Court for the District of New Jersey, having been nominated to the bench by the President and confirmed by the Senate in 2002. Prior to joining the United States District Court, he served as a superior court judge in Essex County, New Jersey. Before joining the bench, Judge Linares headed his own law firm where he litigated products and medical cases.
Judge Linares is experienced in the life sciences and financial services industries, having heard numerous patent cases during his time on the bench, many involving high-stakes disputes between generic and branded drug companies. In addition, he has presided over numerous major bankruptcy appeals, class actions, multidistrict litigations, and securities fraud cases. Since joining McCarter, Judge Linares has participated in the preparation of highly complex patent and commercial litigation cases and has supervised corporate white collar criminal cases and internal investigations.
An acknowledged thought leader, Judge Linares lectures nationally on litigation and patent cases. He has served as an adjunct professor at Seton Hall School of Law and led the New Jersey District Court’s 2017 Sentencing Symposium and the 2018 New Jersey District Court National Opioid Symposium. Judge Linares is a fellow of the American Bar Association and has been honored with several prestigious recognitions, including the New Jersey State Bar Distinguished Judicial Service Award, the James J. McLaughlin Professionalism Award presented by the New Jersey State Bar Association, and the Gerald B. O’Connor Award. He is also the recipient of several lifetime achievement awards.
Breaking ground as the first Hispanic to serve as Chief of the United States District Court of New Jersey and the first Cuban-born District Court Chief in the United States, Judge Linares champions diversity and inclusion and has helped change the face of the federal court. He is an active member of the firm and serves on McCarter’s Diversity Committee and as a member of the firm’s Social Justice Project Team. Judge Linares is also involved in numerous civic and nonprofit activities and regularly volunteers his time to various causes supporting young adults through both educational efforts and local youth sports programs.
Regarding Lenovo - I'm interested in hearing any speculation involving what lays ahead. The HEVC license was great and should simplify (to some small extent) negotiations. But IDCC's appeal regarding the royalty rates for past usage could be a wildcard. I can envision another $100 million+ (JMHO).
Monterey2000 - Thanks for posting this.
Sammdogg1 - Thanks for posting this, much appreciated.
Does anyone have access to this article?
InterDigital CEO hails Apple deal but firm not yet committed to Avanci 5G programme
William New and Angela Morris
04 November 2022
https://www.iam-media.com/article/interdigital-q3-2022-earnings-apple-avanci
Paullee - IDAC Holding Inc appears to be relatively recent patent endeavors by InterDigital. IN MY OPINION ONLY, these involve device to device communication as would be used by self driving vehicles and drones. I don't know if the link posted below is a complete list of patents that InterDigital has assigned to IDAC Holding Inc.
https://patents.justia.com/assignee/idac-holding-inc
Scooby5 - Try this link, however it appears to not yet been updated with B of A new target.
http://finviz.com/quote.ashx?t=IDCC
Data_Rox - Nice to see you here! Merry Christmas to you and yours.
Vegas Options - Thank you for posting the B of A update.
InterDigital’s Joseph Levy Elected to the IEEE Board of Governors
Source: GlobeNewswire Inc.
InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, announced the election of Joseph Levy, Principal Engineer, to serve as a voting member of the IEEE Standards Association Board of Governors for a two-year term from 2024 to 2025. IEEE is the world’s largest technical professional organization dedicated to advancing technology for the benefit of humanity, and the IEEE Standards Association (IEEE SA) is a leading consensus building organization that fosters, develops, and advances global technologies through the IEEE. The Board of Governors directs the IEEE SA in establishing policy, providing financial oversight, and managing all IEEE standards-related activities.
As a standards organization, IEEE SA brings together a diverse group of individuals and organizations from more than 160 countries to facilitate standards development and standards related collaboration. The work led in IEEE SA promotes innovation, and IEEE standards help drive the functionality, capabilities, and interoperability of a broad range of products and services through collaboration with global, regional, and national organizations around the world.
“We congratulate Joseph on his election to the IEEE SA Board of Governors, a well-earned reflection of his deep engagement in IEEE standards activities and demonstrated commitment to global standards,” said InterDigital Chief Technology Officer Rajesh Pankaj. “As he takes on these new responsibilities, we are confident that Joseph’s expertise and industry experience will guide IEEE SA and its members towards a standards-driven future that is full of potential.”
The IEEE SA Board of Governors is comprised of elected and non-voting members.
In addition to serving on the IEEE Board of Governors, Joseph Levy is currently serving on the IEEE Standards Association Standards Board and several other standards related IEEE committees.
About InterDigital ®
InterDigital develops mobile and video 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, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
InterDigital Contact:
Roya Stephens
Email: roya.stephens@interdigital.com
+1 (202) 349-1714
JimLur - Nice to see you here. EOM
Lightwave Logic Issues Shareholder Letter and Provides Corporate Update
Source: PR Newswire (US)
Dr. Michael Lebby to Host Fireside Chat with Benzinga All-Access Hosts at 11:30 a.m. Eastern time Today
ENGLEWOOD, Colo., Dec. 4, 2023 /PRNewswire/ -- Lightwave Logic, Inc. (NASDAQ: LWLG), a technology platform company leveraging its proprietary electro-optic (EO) polymers to transmit data at higher speeds with less power in a small form factor, today issued a letter to shareholders from its Chairman and Chief Executive Officer, Dr. Michael Lebby.
Dear Fellow Shareholders,
2023 has been a transformational year for Lightwave Logic, underscored by the first commercial material supply and license agreement for our electro-optic polymer materials and ongoing efforts to build on this commercialization momentum. Throughout the year we focused on industry awareness efforts, evangelizing the benefits of our platform at leading industry events globally. We received the "2023 Most Innovative Product – Hybrid PIC/Optical Integration Platform Award at this year's ECOC Exhibition Industry. We are engaging with a variety of companies to discuss product design, device prototype sampling, and material supply and licensing agreements. Operationally, we completed the expansion of our new laboratory production facilities and added key team members to enable our anticipated growth. Supporting these efforts, we continued to fortify our intellectual property position with new patent issuances and patent applications.
Commercialization of EO Polymer Materials
We signed a four (4) year material supply and license agreement for Perkinamine® in May 2023 with a company designing and providing polymer based photonic devices and photonic integrated circuits (PICs). We believe this agreement demonstrates tangible commercial progress for electro-optic polymers as well as market acceptance. We made significant progress throughout the year, with delivery of material to support our licensee.
Per the terms of the non-exclusive material supply and license agreement, the licensee shall pay Lightwave Logic a running royalty with a minimum royalty paid on an annual basis over the term of the License Agreement. Revenue will be generated from royalties from the licensee's sale of licensed products.
In addition to this first licensee, we continue to receive strong interest from other potential customers in our innovative device platform and licensing our technologies. We are working hard to close additional commercial agreements by year end, but since, these are long deliberate processes, we can't guarantee that we will do so. We are presently working with a wide spectrum of companies including multinational tier-1 corporations which manufacture data communications network equipment. Several tier-1 manufacturers have also requested to meet and test our polymer modulators, while fiber optic transceiver companies have expressed interest in learning how to implement our polymer modulators into their ongoing 800G transceiver development programs. Also of note, we are planning to implement our PIC designs using commercial semiconductor foundries for multi-channel polymer modulator engines, including 4 channel solutions for 800G. We believe these constructive discussions are positioning us to capitalize on our momentum with additional licensees as we continue to build excitement around our technology.
Facility & Team in Place to Support Commercialization
During the year we aligned operations with our commercial business plans with a significant laboratory expansion to support volume scale of our EO chromophore materials and new commercial activity. We completed new laboratory production facilities, expanding the corporate facility in Englewood, Colorado by nearly 10,000 square feet for a total of approximately 23,500 square feet. The renovations and installation of new laboratory and engineering facilities expands the size of our facility by over 65%, enabling commercial device testing and evaluation, product reliability testing, high speed optical characterization, SEM analysis and the expansion of our chemical synthesis production line. The facilities are being utilized to provide Perkinamine® chromophore materials for polymer based photonic devices and PICs, and the multiple requests for our prototypes.
To support our commercialization advancement, we added several new key team members in 2023. At the staff level, these new team members included organic chemists as well as additional photonics design, packaging, reliability engineers, and finance personnel to further enhance our in-house capabilities.
At the Board level, the Board of Directors appointed respected industry executive Laila Partridge to the Board. Laila brings a 30+ year track record of executing transactions in the technology space. Her knowledge of both the fiber optic communications markets as well as non-communications markets (such as artificial intelligence, consumer, display, sensing, medical, biotech, etc.) will help us hone business strategies for growing our electro-optic polymer business.
Fortifying Our Intellectual Property Portfolio
We continued to fortify our intellectual property portfolio in 2023 with two new U.S. patents issued and one patent allowed, and expected to be issued in the near future. In addition, we had a further six patent applications published, outlining new inventions to further improve our technology offering. One notable patent issuance was for continued advanced chemical structural design and process that enhances the overall efficiency of poling non-linear organic optical chromophores while simultaneously improving thermal and photostability above what is already an acceptable performance. Finally, we received a patent for a cutting-edge design technique, enhancing the performance of polymer modulators through the use of an innovative polymer cladding design that is amenable for high-volume foundry fabrication when integrated with silicon photonics. This allows our proprietary polymers to perform more effectively and to be fabricated by silicon foundries in a high-volume manufacturing environment.
Taken together, these new patents showcase the depth of our achievements to the industry and position us for ubiquity. We continue to file patents to strengthen our position in the areas of organic chemistry, polymer device fabrication and design, and polymer device packaging.
Groundbreaking Results & Performance Metrics
Beyond patents for our technology, we also made several incredible achievements from a performance perspective. Our latest commercial-class EO polymer material achieved breakthrough performance metrics at 1310 nanometers (nm), a wavelength popular in hyperscale datacenter applications. The achievement of these results at the 1310nm bandwidth positions us well for potential near-term licensing opportunities in datacenter applications. We also achieved record optical modulator performance using our latest Perkinamine® Series 5 material at extremely low cryogenic temperatures, delivering the potential to revolutionize applications in supercomputers, quantum circuits and advanced computing systems.
Commercial Outreach & Business Development
Throughout the year we continued to maintain industry thought leadership through speaking at key industry conferences worldwide. We recently participated in an industry panel discussion at the Optica Photonic-Enabled Cloud Computing Industry Summit, focusing on bringing world leading companies together in the supply chain to discuss the innovations and deployment of optics in data center applications and beyond. Earlier in the year, we also presented and participated in industry panels at the Photonics Spectra Conference and Laser Focus World Executive Forum events – further building thought leadership. Notably, we were again invited to co-chair the Photonic Integrated Circuits (PIC) International Conference – with prominent positions at impactful industry events such as these representing a key driver of the accelerating interest for our technology that we have seen this year.
These industry conferences not only provide an opportunity to evangelize the benefits of our platform to industry leaders, but also serve as forums to hold constructive meetings with decision makers at our target customer companies. At these meetings we receive insight on where end-users are heading and what performance they are looking for from polymer modulator technologies, and we have received multiple requests for prototypes and licensing inquiries as a result.
Market Positioning with Artificial Intelligence
During 2023, we positioned ourselves to show value for internet and optical network operators in the growing artificial intelligence (AI) markets. We have seen that our technology platform dovetails perfectly with the increased generation of information and data that needs to be communicated using fiber optic interconnects and datacenters in general. We all are aware that AI has been integrated deeper within our daily activities with applications to make us more efficient and possibly smarter. The impact on the internet is huge, and the internet is based on an optical network that utilizes data centers to route and switch traffic or information to and from destinations.
Data centers are being upgraded today in a fashion that the industry has not seen before. The expected demands of increased traffic, information, and data driven by AI is changing the way the internet is being operated. AI is now creating new and interesting market opportunities to upgrade the internet. Three of these are important today: density, speed, and low power and these are very well aligned with our high performance electro-optic polymers. We are designing high performance polymer modulator optical engines to support the rise and growth of AI as it generates more information that will travel through the internet and optical networks.
Today's Benzinga All-Access Interview
I will be hosting a fireside chat today with the hosts of the Benzinga All-Access show to discuss this shareholder letter, recent milestone achievements and potential near-term catalysts. Webcast details are shown below.
Benzinga All-Access Show
Date: Monday, December 4, 2023
Presentation Time: 11:30 a.m. Eastern time
Webcast: https://youtube.com/live/CEZ51a_HTpY?feature=share
I would encourage all of our shareholders to tune in for the discussion. A live audio webcast and an archived replay will be available using the webcast link above.
2024 Goals & Final Thoughts
In 2023, we validated our business plan with the initial commercialization of our technology. Our progress was further validated by positive discussions for potential future licensing agreements with a variety of companies. Our technology continues to be recognized for driving innovative change in our industry.
Looking ahead, with the team, technology, intellectual property assets and operational capabilities in place to support our commercialization at scale, we firmly believe that we are well positioned for a future of electro-optic polymer ubiquity. As we move through 2024, we expect continued momentum in our material supply and license agreement program and product design platform that will expand on an exciting new era of commercialization to help to make our next-generation technologies truly ubiquitous in the global internet infrastructure of the future. At no time in history have I been more confident of Lightwave Logic's potential, and I look forward to sharing exciting new milestones during the balance of this year and in the next year to come.
Sincerely,
Dr. Michael Lebby
Chairman and Chief Executive Officer
About Lightwave Logic, Inc.
Lightwave Logic, Inc. (NASDAQ: LWLG) develops a platform leveraging its proprietary engineered electro-optic (EO) polymers to transmit data at higher speeds with less power in a small form factor. The company's high-activity and high-stability organic polymers allow Lightwave Logic to create next-generation photonic EO devices, which convert data from electrical signals into optical signals, for applications in data communications and telecommunications markets. For more information, please visit the company's website at lightwavelogic.com.
Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, lack of available funding; general economic and business conditions; competition from third parties; intellectual property rights of third parties; regulatory constraints; changes in technology and methods of marketing; delays in completing various engineering and manufacturing programs; changes in customer order patterns; changes in product mix; success in technological advances and delivering technological innovations; shortages in components; production delays due to performance quality issues with outsourced components; those events and factors described by us in Item 1.A "Risk Factors" in our most recent Form 10-K and 10-Q; other risks to which our company is subject; other factors beyond the company's control.
Investor Relations Contact:
Lucas A. Zimmerman
MZ Group - MZ North America
949-259-4987
LWLG@mzgroup.us
www.mzgroup.us
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SOURCE Lightwave Logic, Inc.
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Copyright 2023 PR Newswire
InterDigital’s Alain Mourad Elected to ETSI Board
Source: GlobeNewswire Inc.
InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, announced the election of Dr. Alain Mourad, Head of Wireless Lab Europe, to serve on the ETSI Board for the 2024-2026 mandate. ETSI is a European Standards Organization and the regional standards body responsible for telecommunications, broadcasting and other electronic communications networks and services.
As a global organization, ETSI provides its more than 900 members with an open, inclusive, and collaborative environment to support the timely development, ratification, and testing of globally applicable standards for wireless systems, applications, and services. The ETSI Board is responsible for overseeing the work program, approving missions (Terms of Reference) for technical committees, projects, and coordination groups, and endorsing the appointment of technical committee chairs, among other responsibilities.
“Alain’s election to the ETSI Board is a clear reflection of his leadership capabilities and the respect he has earned from peers for his deep technical expertise on complex and emerging topics,” said InterDigital Chief Technology Officer Rajesh Pankaj. “We celebrate and encourage Alain as he takes on these new ETSI responsibilities, especially at a time when consensus-building and technology road mapping efforts are even more consequential for the future of 6G.”
The ETSI Board is comprised of elected and ex-officio non-voting members.
In addition to serving a three-year term on the ETSI Board, Alain Mourad is also Chair of the ETSI Industry Specification Group on Integrated Sensing and Communication, an early technology building block for 6G.
About InterDigital ®
InterDigital develops mobile and video 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, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
InterDigital Contact:
Roya Stephens
Email: roya.stephens@interdigital.com
InterDigital Declares Regular Quarterly Cash Dividend
Source: GlobeNewswire Inc.
InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.40 per share on its common stock, payable on January 24, 2024, to shareholders of record at the close of business on January 10, 2024.
About InterDigital®
InterDigital develops mobile and video 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, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
InterDigital Contact:
investor.relations@interdigital.com
+1 (302) 300-1857
10. InterDigital, Inc. (NASDAQ:IDCC)
Goldman Sachs' Q3 2023 Investment Value: $1.5 billion
InterDigital, Inc. (NASDAQ:IDCC) is a small software company that provides its products to the consumer electronics and communications industries. The firm's shares have been on a tear this year, as they have gained 76% on the market year to date.
Insider Monkey dug through 910 hedge funds for their second quarter of 2023 shareholdings and discovered 24 InterDigital, Inc. (NASDAQ:IDCC) shareholders. In the third quarter, its largest hedge fund shareholder was Spencer M. Waxman's Shannon River Fund Management since it owned 642,265 shares that were worth $51.5 million.
InterDigital’s Ralf Schäfer Elected to DVB Steering Board
Source: GlobeNewswire Inc.
InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, announced the election of Ralf Schäfer, Vice President of Standards, to serve on the Digital Video Broadcasting (DVB) Steering Board from 2023 - 2025. The DVB project develops open technical specifications for digital media delivery and is an industry-led consortium of the world’s leading media and technology companies.
As a Steering Board member, Ralf joins 18 other members from manufacturing and software companies including Sony, Qualcomm, Dolby, Panasonic, among others. The DVB Steering Board is responsible for setting the policy direction and handling the coordination, priority-setting, and management for the DVB Project. The Steering Board approves broadcast and broadband media delivery specifications and offers them for standardization in ETSI. Elected by the DVB General Assembly every two years, the Steering Board meets three times per year.
“As a dedicated standards professional, Ralf has made long-standing and impactful DVB contributions and will be a strong addition to the DVB Steering Board,” said InterDigital CTO Rajesh Pankaj. “Ralf is respected throughout the video standards and broadcasting ecosystem for his industry knowledge and expertise, active engagement throughout the DVB committees, and commitment to finding solutions that uphold consensus-based rules for the diverse broadcast and broadband ecosystem.”
Ralf joined DVB in 1998 and is concluding his fourth term of responsibilities within the DVB Steering Board. Ralf has previously been elected to serve as Chair of the Commercial Module Home Networking (CM-HN) and Commercial Module Internet Protocol Television (CM-IPTV) subgroups, and in addition to his Steering Board membership, he is currently Vice-Chair of the Commercial Module and Chair of the Steering Board Budget subgroup, the latter responsible for preparing the annual budget of the DVB Project with the support of the Project Office.
You may view the complete list of DVB Steering Board members here.
About InterDigital ®
InterDigital develops mobile and video 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, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
InterDigital Contact:
Roya Stephens
Email: roya.stephens@interdigital.com
+1 (202) 349-1714