InterDigital Announces Patent License Agreement With Samsung
Multi-Year Agreement Resolves All Pending Litigation Between the Companies
InterDigital, Inc. 6:05 AM EDT
WILMINGTON, Del., June 3, 2014 (GLOBE NEWSWIRE) -- InterDigital, Inc. ( IDCC), a wireless research and development company, today announced that the company's patent licensing subsidiaries have entered into a patent license agreement with Samsung Electronics Co., Ltd. The multi-year agreement also resolves all pending litigation between the companies. The royalty-bearing license agreement sets forth terms covering the sale by Samsung of 3G, 4G and certain future generation wireless products.
"We are very happy to have resolved the licensing dispute with Samsung on mutually agreeable terms. This agreement with Samsung shows how our longstanding patent licensing framework and process can lead to effective, productive discussions and eventual resolution on fair and reasonable terms," said William J. Merritt, President and Chief Executive Officer of InterDigital. "The agreement also underscores the broad portfolio of technologies we've contributed and continue to contribute to the entire industry, and represents another important step towards our efforts to bring a significant portion of major terminal unit providers under license."