IDCC

RTX's Pratt & Whitney expands operations with opening of new India Digital Capability Center

Retrieved on: 
Tuesday, February 13, 2024

BENGALURU, India, Feb. 13, 2024 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, announced the establishment of its new India Digital Capability Center (IDCC) in Bengaluru, India. The new center will accelerate innovation and drive digital and business transformation for Pratt & Whitney worldwide.

Key Points: 
  • BENGALURU, India, Feb. 13, 2024 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, announced the establishment of its new India Digital Capability Center (IDCC) in Bengaluru, India.
  • The new center will accelerate innovation and drive digital and business transformation for Pratt & Whitney worldwide.
  • The facility will be co-located with Pratt & Whitney's engineering and supply chain operations centers of excellence.
  • The center will focus on delivering multiple digital technology capabilities across various priority areas of Pratt & Whitney's digital transformation.

InterDigital and Broadpeak Announce Collaboration on MPEG V3C Standardized Content Distribution At Scale

Retrieved on: 
Tuesday, February 13, 2024

Volumetric video is a critical component in the creation and enjoyment of increasingly immersive experiences and the MPEG V3C standard defines the general mechanism for coding and streaming volumetric content.

Key Points: 
  • Volumetric video is a critical component in the creation and enjoyment of increasingly immersive experiences and the MPEG V3C standard defines the general mechanism for coding and streaming volumetric content.
  • The wide-scale distribution of volumetric content to broad audiences also depends on efficient and V3C-compliant distribution networks, and this is a key area of focus for the InterDigital-Broadpeak collaboration.
  • InterDigital will contribute the V3C end-to-end implementation platform built jointly with its partner Philips, and Broadpeak will contribute on packaging and content delivery network (CDN) technologies.
  • “Thanks to our collaboration with InterDigital, we will further enhance our Origin-Packager and CDN to stream standardized V3C volumetric content to wide audiences.”
    InterDigital and Broadpeak will showcase the latest results of their collaboration on immersive content distribution at scale at Mobile World Congress in Barcelona from February 26 – 29.

InterDigital appoints Ken Kaskoun as Chief Growth Officer

Retrieved on: 
Monday, February 12, 2024

WILMINGTON, Del., Feb. 12, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced that Ken Kaskoun has been appointed as the company’s Chief Growth Officer, reporting to Liren Chen, President and Chief Executive Officer of InterDigital.

Key Points: 
  • WILMINGTON, Del., Feb. 12, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced that Ken Kaskoun has been appointed as the company’s Chief Growth Officer, reporting to Liren Chen, President and Chief Executive Officer of InterDigital.
  • An engineer and lawyer by background and an experienced inventor, Ken joins from SomaLogic, a life sciences company, where he was Senior Vice President of Strategy and Business Development.
  • “Ken’s experience in the development of long-term growth strategies for technology research and licensing companies makes him an excellent fit as InterDigital’s Chief Growth Officer,” commented Liren Chen, President and Chief Executive Officer of InterDigital.
  • “With InterDigital’s strong financial performance, our licensing momentum, and our focus on growth in areas such as video and cloud services, we are ideally positioned to capitalize on new prospects and deliver even greater shareholder value.”
    “I am delighted to join InterDigital as Chief Growth Officer at such an exciting time in the company’s development,” Ken Kaskoun said.

InterDigital Announces Convertibility of 3.50% Senior Convertible Notes Due 2027

Retrieved on: 
Monday, February 5, 2024

WILMINGTON, Del., Feb. 05, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, announced today that, pursuant to the terms of the Indenture governing its 3.50% Senior Convertible Notes due 2027 (the “Notes”), the Notes are convertible during its calendar quarter ending March 31, 2024.

Key Points: 
  • WILMINGTON, Del., Feb. 05, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, announced today that, pursuant to the terms of the Indenture governing its 3.50% Senior Convertible Notes due 2027 (the “Notes”), the Notes are convertible during its calendar quarter ending March 31, 2024.
  • The current conversion rate of the Notes is 12.9041 shares of InterDigital’s Common Stock per $1,000 principal amount of the Notes.
  • At the time InterDigital issued the Notes, InterDigital entered into call spread transactions that together were designed to have the economic effect of reducing the net number of shares that will be issued in the event of conversion of the Notes by, in effect, increasing the conversion price of the Notes from InterDigital’s economic standpoint from $77.49 to $106.35.
  • Refer to Footnote 7 of the Financial Statements from InterDigital’s Form 10-Q for the quarter ended September 30, 2023 for more information.

InterDigital Joins Princeton University’s NextG Corporate Program

Retrieved on: 
Wednesday, January 24, 2024

WILMINGTON, Del., Jan. 24, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company has announced that it has joined Princeton University’s NextG Initiative, dedicated to corporate partnerships advancing technology, policy, and industry-academia-government partnerships related to wireless, cloud, and networks of the future.

Key Points: 
  • WILMINGTON, Del., Jan. 24, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company has announced that it has joined Princeton University’s NextG Initiative, dedicated to corporate partnerships advancing technology, policy, and industry-academia-government partnerships related to wireless, cloud, and networks of the future.
  • The NextG Initiative, led by Princeton’s School of Engineering and Applied Science, supports the foundation for future intelligent networks across wireless, networking, and cloud systems.
  • Participation within Princeton’s NextG program unlocks graduate research support and the potential to shape public-private partnerships and policy.
  • As a member of the NextG corporate partnership program, InterDigital will contribute critical research around the topic of AI in wireless.

InterDigital Issues Preliminary Financial Results for Fourth Quarter 2023 and Outlook for First Quarter 2024

Retrieved on: 
Tuesday, January 16, 2024

WILMINGTON, Del., Jan. 16, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced selected unaudited preliminary financial results for the quarter ended December 31, 2023, and an initial outlook for first quarter 2024.

Key Points: 
  • WILMINGTON, Del., Jan. 16, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced selected unaudited preliminary financial results for the quarter ended December 31, 2023, and an initial outlook for first quarter 2024.
  • The company has not yet finalized its financial results for the quarter and full year ended December 31, 2023 or outlook for first quarter 2024.
  • InterDigital does not intend to update such financial information prior to release of its final fourth quarter and full year ended December 31, 2023 financial statement information and updated first quarter 2024 guidance, which is currently scheduled for Thursday, February 15, 2024.
  • The company will discuss its business and outlook for first quarter 2024 at the 26th Annual Needham Growth Conference on Thursday, January 18th, 2024, at 3:00 PM ET.

InterDigital signs new license agreement with Samsung Electronics

Retrieved on: 
Tuesday, January 16, 2024

WILMINGTON, Del., Jan. 16, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced that the company has signed a new patent license agreement with Samsung Electronics.

Key Points: 
  • WILMINGTON, Del., Jan. 16, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced that the company has signed a new patent license agreement with Samsung Electronics.
  • The agreement licenses Samsung’s digital TVs and computer display monitors under InterDigital's joint licensing program with Sony and includes licenses to key technologies including ATSC 3.0, as well as licenses under InterDigital’s patents including HEVC, VVC and Wi-Fi.
  • “Samsung is a recognized market leader in consumer electronics and the largest TV manufacturer in the world,” commented Eeva Hakoranta, Chief Licensing Officer, InterDigital.
  • “I am pleased to say that this agreement is another example of a deal achieved as a result of negotiation and is another important step in our licensing of the consumer electronics industry underlining the value of our technology for this market.”

InterDigital to Present at the 26th Annual Needham Growth Conference

Retrieved on: 
Thursday, January 11, 2024

WILMINGTON, Del., Jan. 11, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced that the company will be presenting at the 26th Annual Needham Growth Conference on Thursday, January 18th, 2024, at 3:00 PM ET.

Key Points: 
  • WILMINGTON, Del., Jan. 11, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced that the company will be presenting at the 26th Annual Needham Growth Conference on Thursday, January 18th, 2024, at 3:00 PM ET.
  • To access the live webcast, please visit the Events Calendar tab in the Investors section of the company's website.
  • An archived replay of the presentation will also be available following the conference.

InterDigital renews license agreements with Panasonic Entertainment & Communication Co., Ltd.

Retrieved on: 
Wednesday, January 10, 2024

WILMINGTON, Del., Jan. 10, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced that the company has renewed its patent license agreements with Panasonic Entertainment & Communication Co., Ltd. (“Panasonic”).

Key Points: 
  • WILMINGTON, Del., Jan. 10, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced that the company has renewed its patent license agreements with Panasonic Entertainment & Communication Co., Ltd. (“Panasonic”).
  • The renewals extend Panasonic’s license under InterDigital’s HEVC patents and also extend its digital TV license under InterDigital’s joint licensing program with Sony.
  • “It is always gratifying to renew our agreements with a long-term partner like Panasonic,” commented Eeva Hakoranta, Chief Licensing Officer, InterDigital.
  • “This serves as another strong validation of the quality of our video portfolio and the importance of our innovation in today’s TV market.”

InterDigital awarded injunction against OPPO, Realme and OnePlus

Retrieved on: 
Monday, January 8, 2024

WILMINGTON, Del., Jan. 08, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced it has been awarded an injunction against OPPO, Realme and OnePlus by a court in Germany.

Key Points: 
  • WILMINGTON, Del., Jan. 08, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced it has been awarded an injunction against OPPO, Realme and OnePlus by a court in Germany.
  • The Regional Court Munich I ruled that OPPO, Realme and OnePlus infringe InterDigital’s 5G patent-in-suit, that InterDigital has acted in a FRAND manner, and that OPPO, Realme and OnePlus are unwilling licensees who have not acted in line with widely recognized FRAND principles.
  • “This resounding victory is another example of the quality of our innovation and our leadership in licensing standardized technologies such as 5G,” commented Josh Schmidt, Chief Legal Officer, InterDigital.
  • “Having been determined to be an unwilling licensee by the court in Munich we urge OPPO to now meaningfully engage in negotiations and to take a fair and reasonable license to our patented innovation.”