InterDigital and Amazon Enter into New Video Services and Devices License Agreement

Final terms to be determined in binding arbitration; parties have resolved all pending litigation between them

InterDigital, Inc. (Nasdaq: IDCC), a wireless, video and AI technology research and development company, today announced that it has entered into a patent license agreement with Amazon, covering Amazon’s services and devices, including Amazon Prime Video. The parties have agreed to resolve all pending litigation and will enter into binding arbitration to determine the final terms of the new agreement.

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“This agreement is an important milestone in InterDigital’s longer-term goal to expand into video streaming services licensing and is recognition of the importance of our foundational technology in devices and services,” commented Julia Mattis, Chief Licensing Officer, InterDigital. “We welcome Amazon’s willingness to enter into a license agreement with us and work through the remaining issues in global arbitration.”

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About InterDigital^®

InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.