InterDigital and Samsung Settle Patent Licensing Disputes

Sat. November 29, 2008; Posted: 11:24 PM

Nov 30, 2008 (10Meters.com via COMTEX) -- SSNJY | Quote | Chart | News | PowerRating -- InterDigital, Inc. announced that InterDigital Communications and InterDigital's patent licensing subsidiaries have entered into a binding term sheet with Samsung Electronics Co. and its affiliates, including Samsung Electronics America, Inc., that resolves the outstanding arbitration issues involving Samsung's sale of 2G products, as well as the 3G patent licensing disputes for Samsung's sales of products through 2012.

Under the terms of the term sheet, InterDigital agreed to grant Samsung a royalty-bearing license covering Samsung's sale of all 3G products (including products built under both the WCDMA and cdma2000 standards and their related extensions) through 2012. The agreement also ended the payment disputes regarding Samsung's royalty obligations for sales of 2G products.

Under the terms of the term sheet, Samsung has approximately 45 days to elect between two defined payment options, and the term sheet contemplates the parties will enter into agreements incorporating the terms of the term sheet. Subject to Samsung's selection of a payment option and payment of the first installment of payments due in early 2009, the parties will move to end all litigations and arbitration proceedings ongoing between them.

"I am extremely pleased that we have reached a favorable agreement with Samsung to end this longstanding dispute," said William J. Merritt, President and Chief Executive Officer of InterDigital. "The agreement is consistent with our long term strategic plan, and reflects well on the strength of our patent portfolio and our ability to design flexible deal structures," continued Merritt.

InterDigital designs, develops and provides advanced wireless technologies and products that drive voice and data communications.

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((Distributed via M2 Communications Ltd - http://www.m2.com))

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For full details on Interdigital Commun Cp (IDCC) click here. Interdigital Commun Cp (IDCC) has Short Term PowerRatings of 4. Details on Interdigital Commun Cp (IDCC) Short Term PowerRatings is available at This Link.

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