InterDigital and u-blox AG Extend Patent License Agreement

WILMINGTON, Del., Oct. 17, 2017 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and development company, today announced that its patent holding subsidiaries have entered into an agreement to extend their worldwide, non-exclusive, patent license agreement with u-blox AG (“u-blox”) covering the sale by u-blox of its 2G, 3G and 4G products for a defined term.

u‑blox is a supplier of positioning and wireless semiconductors and modules and is headquartered in Switzerland with operations and customers worldwide.

“We are pleased that u-blox is continuing its relationship with us, and delighted that our contributions to core wireless technology continue to deliver exciting solutions to the rapidly-growing IoT market,” said Lawrence F. Shay, President of InterDigital’s patent holding subsidiaries.  “u-blox’s desire to extend its agreement highlights the strength of InterDigital’s research contributions and intellectual property, and positions u-blox to continue in the wireless module market.”

About InterDigital^®

InterDigital develops mobile 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 and a richer multimedia experience years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world's leading wireless companies. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400^® index.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.