InterDigital Nominates Pierre-Yves Lesaicherre to Board of Directors

WILMINGTON, Del., April 19, 2021 (GLOBE NEWSWIRE) -- InterDigital, Inc. IDCC, a mobile and video technology research and development company, today announced the nomination of Pierre-Yves Lesaicherre for election to the company's Board of Directors at the company's annual shareholder meeting scheduled for June 2, 2021. Dr. Lesaicherre is an executive with leading experience in semiconductors and a strong background in technology, science and global business.

Dr. Lesaicherre was the President, Chief Executive Officer and Director of Nanometrics Incorporated, a leading provider of advanced process control metrology and software analytics, from 2017 to 2019. Prior to his tenure at Nanometrics, Dr. Lesaicherre was the CEO of Lumileds, an integrated manufacturer of LED components and automotive lighting lamps, starting in 2012. Dr. Lesaicherre previously held senior executive positions at NXP and Philips Semiconductors. He currently serves as Chairman of the Board of Silvaco Group, Inc., a leading supplier of TCAD, EDA software and design IP. Dr. Lesaicherre holds an MBA with a focus on international business and strategy from INSEAD and has MS and Ph.D. degrees in Material Science from the National Polytechnic Institute of Grenoble.

"Pierre-Yves combines tremendous knowledge in key scientific and technical aspects of our industry with international experience and a strong understanding of global business. He will be tremendously valuable both in evaluating and guiding InterDigital's efforts in the technology value chain and managing our efforts as a global company, with significant operations in multiple geographies including Pierre-Yves' native France," said S. Doug Hutcheson, Chairman of the Board, InterDigital.

"InterDigital is at a fantastic juncture in the company's history, with an industry-leading research and development footprint in the most important technologies of our time – wireless, video and AI," said Dr. Lesaicherre. "I look forward to hopefully working with the other members of the Board and the company's leadership team in helping to drive additional growth and value."

About InterDigital^®

InterDigital develops mobile and video 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, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world's leading technology companies. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P SmallCap 600® index.
InterDigital is a registered trademark of InterDigital, Inc.

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

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding our current beliefs, plans and expectations, including, without limitation, statements relating to our business activities; our strategy and plans; and the anticipated benefits from the potential election to the InterDigital Board of Directors of Dr. Lesaicherre. Forward-looking statements may in some cases be identified by words such as "believe," "anticipate," "expect," "intend," and variations of any such words or similar expressions.

Forward-looking statements are subject to risks and uncertainties. Actual outcomes could differ materially from those expressed in or anticipated by such forward-looking statements due to a variety of factors, including, without limitation: (i) unanticipated delays, difficulties or accelerations in the execution of patent license agreements; (ii) our ability to leverage our strategic relationships and secure new patent license agreements on acceptable terms; (iii) our ability to enter into sales and/or licensing partnering arrangements for certain of our patent assets; (iv) our ability to enter into partnerships with leading inventors and research organizations and identify and acquire technology and patent portfolios that align with our roadmap; (v) our ability to commercialize our technologies and enter into customer agreements; (vi) the failure of the markets for our current or new technologies and products to materialize to the extent or at the rate that we expect; (vii) unexpected delays or difficulties related to the development of our technologies and products; (viii) changes in our interpretations of, and assumptions and calculations with respect to the impact on us of, the Tax Reform Act, as well as further guidance that may be issued regarding the Tax Reform Act; (ix) failure to accurately forecast the long-term value and costs of the Technicolor business or of certain assets acquired in the transaction; (x) the resolution of current legal or regulatory proceedings, including any awards or judgments relating to such proceedings, additional legal or regulatory proceedings, changes in the schedules or costs associated with legal or regulatory proceedings or adverse rulings in such legal or regulatory proceedings; (xi) changes or inaccuracies in market projections; (xii) the potential effects that the ongoing COVID-19 pandemic and/or corresponding macroeconomic uncertainty could have on our financial position, results of operations and cash flows; and (xiii) changes in our business strategy. We undertake no duty to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law, regulation or other competent legal authority.

For more information regarding these risks and uncertainties as well as certain additional risks that we face, you should refer to the Risk Factors detailed in Item 1A of our 2020 Form 10-K.