GlobeNewswire Inc | Jan 10, 2022 04:00AM EST

January 10, 2022

WILMINGTON, Del., Jan. 10, 2022 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced an extension of its business partnership and renewal of its patent license with Sony Corporation of America.

As well as renewing Sonys license to InterDigitals patent portfolio, the companies agreed to extend the term of the Convida Wireless joint venture, which has helped them deepen their research in areas such as 5G and the Internet of Things (IoT).

Over the last eight years Sony Corporation of America has been a great partner and licensee, commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. We are particularly delighted with how the collaboration has allowed us to strengthen our deep portfolio of assets in wireless technologies, at a time when increased connectivity is delivering huge value to consumers and businesses worldwide.

Convida Wireless was launched in 2013 as a JV to combine Sony's deep experience in consumer electronics with InterDigital's pioneering IoT expertise to drive new research in IoT communications and other areas of connectivity.

About InterDigital

InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. We solve many of the industrys 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 worlds leading technology companies. Founded in 1972, InterDigital is listed on NASDAQ.

InterDigital is a registered trademark of InterDigital, Inc.

InterDigital Contact:Richard Lloyd Richard.lloyd@interdigital.com+1 202 349 1716