RIM adds 4G patents to InterDigital agreement
RIM has revised their licensing agreement with InterDigital today, adding coverage for 4G devices moving forward. RIM previously had a non-exclusive agreement with InterDigital and with the new terms adds coverage for 4G products including LTE devices. Currently RIM doesn't offer any LTE-enabled devices aside from the 4G/LTE BlackBerry PlayBook but will be unveiling their latest 4G enabled BlackBerry 10 phones at the end of the month. Catch the full press release below.
InterDigital and Research In Motion Extend Patent License and Include 4G
WILMINGTON, Del.--(BUSINESS WIRE)-- InterDigital, Inc. (NASDAQ: IDCC) today announced that its patent holding subsidiaries have entered into an agreement which extends the term of their worldwide, non-exclusive, royalty-bearing patent license agreement with Research In Motion Limited ("RIM"). In addition to extending the patent license agreement for a multiyear period consistent with InterDigital's licensing program, the parties agreed to amend the patent license to add coverage for 4G products, including LTE and LTE-Advanced products.
"This agreement, which extends the term of our patent license with RIM and includes 4G product coverage, continues the strong validation of InterDigital's patent portfolio and our patent licensing program," said Lawrence F. Shay, President of InterDigital's patent holding subsidiaries. "We continue to experience very good progress in our 4G licensing program and look forward to adding additional 4G licensees."