InterDigital Announces Patent License Agreement With Samsung Electronics

(RTTNews) - InterDigital, Inc. (IDCC) Tuesday said its patent licensing subsidiaries have entered into a patent license agreement with South Korean conglomerate Samsung Electronics Co. Ltd. (SSNLF.PK). The multi-year agreement also resolves all pending litigation between the companies.

InterDigital, the developer of technologies that enable and enhance wireless communications, stated that the royalty-bearing license agreement sets forth terms covering the sale by Samsung of 3G, 4G and certain future generation wireless products.

William Merritt, president and chief executive officer of InterDigital said, "We are very happy to have resolved the licensing dispute with Samsung on mutually agreeable terms. This agreement with Samsung shows how our longstanding patent licensing framework and process can lead to effective, productive discussions and eventual resolution on fair and reasonable terms."