Benzinga | Jan 10, 2022 05:04AM EST

InterDigital Announced Extension of Term of Joint Venture and Renewal of Patent License Agreement with Sony

nterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced an extension of its business partnership and renewal of its patent license with Sony Corporation of America.

As well as renewing Sony's license to InterDigital's patent portfolio, the companies agreed to extend the term of the Convida Wireless joint venture, which has helped them deepen their research in areas such as 5G and the Internet of Things (IoT).

"Over the last eight years Sony Corporation of America has been a great partner and licensee," commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. "We are particularly delighted with how the collaboration has allowed us to strengthen our deep portfolio of assets in wireless technologies, at a time when increased connectivity is delivering huge value to consumers and businesses worldwide."

Convida Wireless was launched in 2013 as a JV to combine Sony's deep experience in consumer electronics with InterDigital's pioneering IoT expertise to drive new research in IoT communications and other areas of connectivity.