InterDigital Inc (IDCC)

[olddog967]

MONTEREY:Interesting that the more official 8-K filing does not contain the wording regarding the licensing of essential patents that the the press release has. As usual we are in the dark as to more specific details.


Item 8.01.

Other Events.

On April 28, 2020, InterDigital, Inc. (“InterDigital”) announced that it and certain of its subsidiaries had entered into a multi-year, worldwide, non-exclusive, fixed-fee patent license agreement (the “Agreement”) with Huawei Investment & Holding Co., Ltd. (“Huawei”). The Agreement covers the sale of certain of Huawei’s 3G, 4G and 5G terminal unit products, including the use of Wi-Fi and HEVC in those products, and extends through December 31, 2023.

In connection with the Agreement, InterDigital and Huawei have agreed to terms for dismissal of all outstanding litigation and other proceedings among them and their affiliates, including, without limitation, the actions previously disclosed in InterDigital’s Annual Report on Form 10-K for the year ended December 31, 2019 in the (i) Shenzhen Intermediate People’s Court and (ii) High Court of Justice, Business and Property Courts of England and Wales, Intellectual Property List (Chancery Division), Patents Court.