InterDigital, Inc. (NASDAQ:IDCC) , a mobile and video technology research and development company, today announced it has entered into a multi-year, worldwide, non-exclusive, royalty bearing license with Seiko Solutions Inc.
The license covers Seiko Solutions Inc.’s range of phones under InterDigital’s standard essential patents related to 3G, 4G and 5G cellular wireless technology.
“The renewal of our license agreement with Seiko Solutions Inc. is the result of constructive bilateral negotiation and we very much appreciate the long-term relationship built on professionalism, trust and respect between our companies,” commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. “This agreement serves to yet again validate the strength of our portfolio and highlights the vital contributions our engineers continue to make to key wireless technologies.”
Over the years, approximately 80 companies including Apple, Huawei, Samsung, Sony and Xiaomi have taken licenses to InterDigital’s extensive portfolio of patented innovations in wireless and video technologies, which have resulted in more than 800 million licensed devices sold this year and over six billion devices sold within the past decade.