InterDigital Joins Avanci IoT Licensing Platform

WILMINGTON, Del., Sept. 14, 2016 (GLOBE NEWSWIRE) -- InterDigital, Inc. IDCC, a mobile technology research and development company, today announced that it has joined Avanci, the industry's first marketplace for the licensing of cellular standards-essential technology for the Internet of Things (IoT). The licensing platform brings together some of InterDigital's peers in standards-essential technology leadership, and makes 2G, 3G and 4G standards-essential patents available to IoT players in specific product segments with one flat-rate license.

"Avanci is a significant step forward in providing access to standards-essential patents for this new market, which is projected to see dramatic expansion in the next few years," said Lawrence F. Shay, Senior Executive Vice President, Future Wireless, at InterDigital, Inc. "Avanci brings a leadership team with a long track record of success and provides access to a portfolio of technologies from some of the leaders in mobile R&D, offering licensees simplicity and tremendous value."

The Avanci licensing programs in specific product segments for the IoT industry will provide access to the entire applicable standards-essential wireless patent portfolios held by all of the platform participants, as well as any additions to their portfolios during the term of the license. InterDigital is pleased to participate in Avanci's initial licensing program that will include automobiles and smart meters covering 2G, 3G and 4G standards-essential cellular technologies – technologies where InterDigital is an acknowledged global leader.

"Joining Avanci will provide a strong vehicle for licensing of the IoT, and will layer nicely over our existing core licensing program addressing handsets and other connected devices like tablets and laptops," said William J. Merritt, President and CEO of InterDigital. "With a broader licensing program and our goals with regard to our oneMPOWER™ and wot.io™ technology solutions, InterDigital is continuing to execute on its strong core business while exploring new avenues for growth."

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. oneMPOWER and wot.io are trademarks of InterDigital, Inc.

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