InterDigital and Lenovo Agree to New Patent License Agreement, Final Terms to be Determined by Binding Arbitration
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[1]
InterDigital and Lenovo agree to enter into new license agreement " final terms to be determined in binding arbitration By Investing.com
WILMINGTON, Del., Oct. 09, 2024 (GLOBE NEWSWIRE) -- InterDigital , Inc. (Nasdaq: NASDAQ:IDCC), a mobile, video and AI technology research and development company, today announced that it agreed to enter into a new patent license agreement with Lenovo. The parties will enter into binding arbitration to determine the final terms of the new agreement. As part of the agreement to arbitrate, both parties have agreed to settle all pending litigations between them. When disputes do arise in licensing negotiations, binding arbitration provides for a sophisticated global dispute resolution mechanism, commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. I look forward to the conclusion of the arbitration and settling the terms of our new license agreement for Lenovo's use of our foundational wireless, video and AI innovation in Lenovo's products, such as smartphones and PCs. About InterDigital ® InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (AI), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today's most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq. InterDigital is a registered trademark of InterDigital, Inc. For more information, visit: www.interdigital.com.
[2]
InterDigital and Lenovo agree to enter into new license agreement - final terms to be determined in binding arbitration - InterDigital (NASDAQ:IDCC)
WILMINGTON, Del., Oct. 09, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. IDCC, a mobile, video and AI technology research and development company, today announced that it agreed to enter into a new patent license agreement with Lenovo. The parties will enter into binding arbitration to determine the final terms of the new agreement. As part of the agreement to arbitrate, both parties have agreed to settle all pending litigations between them. "When disputes do arise in licensing negotiations, binding arbitration provides for a sophisticated global dispute resolution mechanism," commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. "I look forward to the conclusion of the arbitration and settling the terms of our new license agreement for Lenovo's use of our foundational wireless, video and AI innovation in Lenovo's products, such as smartphones and PCs." About InterDigital® InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence ("AI"), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today's most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. 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: [email protected] +1 (202) 349-1716 Market News and Data brought to you by Benzinga APIs
[3]
UPDATE -- InterDigital and Lenovo agree to enter into new license agreement " final terms to be determined in binding arbitration By Investing.com
WILMINGTON, Del., Oct. 09, 2024 (GLOBE NEWSWIRE) -- InterDigital , Inc. (Nasdaq: NASDAQ:IDCC), a mobile, video and AI technology research and development company, today announced that it agreed to enter into a new patent license agreement with Lenovo. The parties will enter into binding arbitration to determine the final terms of the new agreement. As part of the agreement to arbitrate, both parties have agreed to settle all pending litigations between them. When disputes do arise in licensing negotiations, binding arbitration provides for a sophisticated global dispute resolution mechanism, commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. I look forward to the conclusion of the arbitration. About InterDigital ® InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (AI), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today's most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq. InterDigital is a registered trademark of InterDigital, Inc. For more information, visit: www.interdigital.com.
[4]
UPDATE -- InterDigital and Lenovo agree to enter into new license agreement - final terms to be determined in binding arbitration - InterDigital (NASDAQ:IDCC)
WILMINGTON, Del., Oct. 09, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. IDCC, a mobile, video and AI technology research and development company, today announced that it agreed to enter into a new patent license agreement with Lenovo. The parties will enter into binding arbitration to determine the final terms of the new agreement. As part of the agreement to arbitrate, both parties have agreed to settle all pending litigations between them. "When disputes do arise in licensing negotiations, binding arbitration provides for a sophisticated global dispute resolution mechanism," commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. "I look forward to the conclusion of the arbitration." About InterDigital® InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence ("AI"), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today's most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. 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: [email protected] +1 (202) 349-1716 Market News and Data brought to you by Benzinga APIs
[5]
InterDigital and Lenovo agree to enter into new license agreement - final terms to be determined in binding arbitration
, (GLOBE NEWSWIRE) -- (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced that it agreed to enter into a new patent license agreement with Lenovo. The parties will enter into binding arbitration to determine the final terms of the new agreement. As part of the agreement to arbitrate, both parties have agreed to settle all pending litigations between them. "When disputes do arise in licensing negotiations, binding arbitration provides for a sophisticated global dispute resolution mechanism," commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. "I look forward to the conclusion of the arbitration and settling the terms of our new license agreement for Lenovo's use of our foundational wireless, video and AI innovation in Lenovo's products, such as smartphones and PCs." About InterDigital InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence ("AI"), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today's most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq. InterDigital is a registered trademark of For more information, visit: www.interdigital.com.
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InterDigital and Lenovo have agreed to enter a new patent license agreement, with final terms to be determined through binding arbitration. This agreement settles all pending litigations between the two companies.
InterDigital and Lenovo Reach Agreement on New Patent License
InterDigital, Inc. (Nasdaq: IDCC), a leading research and development company specializing in mobile, video, and AI technologies, has announced a significant development in its relationship with Lenovo. The two companies have agreed to enter into a new patent license agreement, with the final terms to be determined through binding arbitration 12.
Settlement of Pending Litigations
As part of this agreement to arbitrate, both InterDigital and Lenovo have committed to settling all pending litigations between them 34. This move signifies a positive step towards resolving ongoing disputes and fostering a more collaborative relationship between the two tech giants.
Binding Arbitration as a Dispute Resolution Mechanism
Eeva Hakoranta, Chief Licensing Officer at InterDigital, commented on the decision to use binding arbitration: "When disputes do arise in licensing negotiations, binding arbitration provides for a sophisticated global dispute resolution mechanism" 12. This approach is seen as an effective way to address complex licensing issues in the technology sector.
Scope of the License Agreement
The new license agreement is expected to cover Lenovo's use of InterDigital's foundational wireless, video, and AI innovations in various products, including smartphones and PCs 12. This highlights the broad range of technologies developed by InterDigital that are integral to modern consumer electronics.
InterDigital's Technological Expertise
InterDigital is renowned for its contributions to various technological fields:
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Wireless Technology: The company has been at the forefront of wireless innovation, developing technologies used in systems ranging from early digital cellular networks to 5G and advanced Wi-Fi 125.
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Video Processing: InterDigital is a leader in video processing and encoding/decoding technology 125.
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Artificial Intelligence: The company has a significant AI research effort that intersects with both wireless and video technologies 125.
Impact on the Tech Industry
This agreement between InterDigital and Lenovo is likely to have broader implications for the tech industry:
- It demonstrates a trend towards using arbitration to resolve complex patent disputes in the technology sector.
- The settlement may influence how other companies approach similar licensing negotiations and disputes.
- It underscores the importance of foundational technologies in the development of consumer electronics and communication devices.
As the tech industry continues to evolve rapidly, agreements like this one between InterDigital and Lenovo play a crucial role in shaping the landscape of innovation and collaboration among major players in the field.
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