Sony and InterDigital Team to Launch Machine-to-Machine Focused Joint Venture Called Convida Wireless

  Sony and InterDigital Team to Launch Machine-to-Machine Focused Joint
  Venture Called Convida Wireless

Business Wire

NEW YORK & WILMINGTON, Del. -- January 3, 2013

InterDigital, Inc. (NASDAQ: IDCC) and Sony Corporation of America (NYSE: SNE)
today announced the launch of a joint venture to combine Sony’s consumer
electronics expertise with InterDigital’s pioneering wireless
machine-to-machine (M2M) and bandwidth management research. The joint venture,
called Convida Wireless, will focus on driving new research in the growing
field of M2M wireless communications and other connectivity areas.

Convida Wireless represents a new collaboration between Sony, a longtime
technology leader, and InterDigital Solutions, a unit announced in October by
InterDigital that explores new engagement models with industry players. Based
on the terms of the agreement, the parties will contribute funding and
resources for additional M2M research and platform development, which will be
carried out by InterDigital Solutions. Stephens Capital Partners LLC, the
principal investing affiliate of Stephens Inc., a full service investment
banking firm headquartered in Little Rock, Arkansas, will be a minority
investor in Convida Wireless. The agreement also includes a patent license
from InterDigital for Sony’s 3G and 4G products.

“Mobile is one of Sony’s core businesses, and this joint venture will help us
strengthen our foundation in this important area, focusing specifically on
machine-to-machine wireless technologies. Given the pioneering efforts of
InterDigital’s engineers in this growing field, we can’t think of a better
partner,” said Toshimoto Mitomo, Executive Vice President of Entrepreneurship
and Innovation, Sony Corporation of America. “Moreover, in a market that is by
its very nature collaborative, we expect Convida Wireless to be a platform for
additional industry collaboration.”

InterDigital’s current M2M research includes an M2M services delivery
platform, standards leadership with the European Telecommunications Standards
Institute (ETSI), and other areas of research. Recently, InterDigital
technology powered a nine-vendor demonstration of standards-based M2M
technology at the 3^rd ETSI TC M2M Workshop in Mandelieu, France.
InterDigital’s M2M technology has been integrated into the trial platforms of
various market participants, including BUTLER, Intecs, Intel Corporation,
Kontron, Mformation, Radisys, Sensinode, and others.

“We’re honored to partner with Sony, a company that is synonymous with so many
advances in consumer technology, and to contribute our expertise in core
wireless research. InterDigital’s research efforts in M2M are mature, and have
from the start been focused on creating a standards-based framework to benefit
all companies in the wireless space – operators, device makers and others. We
believe that collaborating with Sony through Convida Wireless will bring those
efforts to the next level,” said William J. Merritt, President and CEO of

About InterDigital^®

InterDigital develops fundamental wireless technologies that are at the core
of mobile devices, networks, and services worldwide. We solve many of the
industry's most critical and complex technical challenges, inventing solutions
for more efficient broadband networks and a richer multimedia experience years
ahead of market deployment. InterDigital has licenses and strategic
relationships with many of the world's leading wireless companies. Founded in
1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400^®
index. InterDigital is a registered trademark of InterDigital, Inc. For more
information, visit:

About Sony Corporation of America

Sony Corporation of America, based in New York, NY, is the U.S. subsidiary of
Sony Corporation, headquartered in Tokyo, Japan. Sony Corporation is a leading
manufacturer of audio, video, communications, and information technology
products for the consumer and professional markets. Its motion picture,
television, computer entertainment, music and online businesses make Sony one
of the most comprehensive entertainment and technology companies in the world.
Sony's principal U.S. businesses include Sony Electronics Inc., Sony Computer
Entertainment America LLC, Sony Pictures Entertainment Inc., and Sony Music
Entertainment. Sony recorded consolidated annual sales of approximately $79
billion for the fiscal year ended March 31, 2012, and it employs 162,700
people worldwide.

About Stephens Capital Partners LLC

Stephens Capital Partners LLC is the principal investing affiliate of Stephens
Inc., a full service investment banking firm headquartered in Little Rock,
Arkansas, which maintains offices in Conway, Hot Springs and Fayetteville,
Arkansas and outside Arkansas in Atlanta, Austin, Baton Rouge, Boston,
Charlotte, Chicago, Columbia, Dallas, Houston, Jackson, Memphis, Nashville,
New Haven, New York City, Oklahoma City, Richmond, St. Petersburg, Washington,
D.C. and London. For more information, please visit

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. For these purposes,
forward-looking statements are statements concerning our current beliefs,
plans and expectations. Examples of these statements include, but are not
limited to, statements regarding the focus of the joint venture, Sony’s
expectation for the joint venture to be a platform for additional industry
collaboration and InterDigital’s belief about the effect of the joint venture
on InterDigital’s research efforts in M2M. Actual results may differ
materially from those indicated in forward-looking statements as a result of
various important factors, including but not limited to the activities and
success of the joint venture. We undertake no duty to update publicly any
forward-looking statement, whether as a result of new information, future
events or otherwise, except as may be required by applicable law, regulation
or other competent legal authority.


InterDigital Contact:
Patrick Van de Wille, +1 858-210-4814
Sony Corporation of America Contact:
Mack Araki, +1 212-833-6821
Lisa Gephardt, +1 212-833-6826
Stephens Capital Partners LLC Contact:
Frank Thomas, 501-377-8127
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