interdigital inc (IDCC) Key Developments
InterDigital Europe and Partners to Lead Groundbreaking European Commission 5G Research Project
May 14 15
InterDigital, Inc. announced that InterDigital Europe, has been chosen by the European Commission to conduct a 5G socioeconomic research project. The research will directly inform the development and rollout of 5G in the European Union, and empower the region to stake an early claim as a global 5G leader. The study will produce an unprecedented framework, based on key socioeconomic data, for the European Commission's introduction of 5G infrastructure in Europe. The project will engage key stakeholders across the wireless industry, as well as vertical markets and policy makers, to get a clear picture of 5G's economic impact and the possible innovation it will spur in areas such as health, transport, social services and commercial opportunities. Map out possible 5G scenarios in the region's economy and society to determine technological requirements and parameters for 5G implementation. Quantify rural, suburban and urban usage patterns and their impact on technology requirements. Identify expected use cases for 5G technology, and their impact on technical parameters· Analyze spectrum demand and technical spectrum issues, including quantitative needs and boundaries, and consider new band requirements and constraints.
InterDigital, Inc. to Demonstrate New Capabilities of oneMPOWER Platform for Smart City Applications
May 12 15
InterDigital, Inc. announced that it will demonstrate the latest capabilities of its oneMPOWERTM platform solution at Internet of Things World being held May 12 -13, 2015 in San Francisco, California. InterDigital will demonstrate how the oneMPOWER platform's dashboard provides the ability to monitor and gain more visibility into the operation of gateways, devices and diverse M2M/IoT service events and transactions to service providers, enterprise and industrial customers. As the most mature oneM2MTM standards-based platform in the industry today, InterDigital's oneMPOWER platform provides M2M/IoT application enabling services that include connectivity, device, data, and transaction management resulting in faster time-to-market, scalable application development and lower operation costs. In addition to oneMPOWER's platforms latest capabilities, the company will feature two demonstrations for Smart City applications. The first is a Connected Health solution for remote healthcare monitoring and assistance to those in independent living situations using Continua certified personal health devices. The second will feature oneTRANSPORTTM, a transport data and analytics marketplace solution for urban transport authorities.
InterDigital, Inc. Provides Revenue Guidance for the Second Quarter of 2015
May 11 15
InterDigital, Inc. provided revenue guidance for the second quarter of 2015. The company expects its total second quarter 2014 revenue to be between $89 million and $91 million. This revenue guidance is based primarily on royalty reports received to date, and does not include the potential impact of any new patent license, technology solutions or patent sale agreements that may be signed, or any arbitration or dispute resolutions that may occur, during the balance of second quarter 2015.
InterDigital, Inc. Reports Unaudited Consolidated Earnings for the First Quarter Ended March 31, 2015
Apr 29 15
InterDigital, Inc. reported unaudited consolidated earnings for the first quarter ended March 31, 2015. For the quarter, total revenues were $110.378 million against $57.844 million a year ago. Income from operations was $51.244 million against loss from operation of $0.041 million a year ago. Income before income taxes was $46.008 million against loss before income tax of $4.005 million a year ago. Net income attributable to the company was $29.065 million or $0.78 per diluted share against net loss attributable to the company of $1.861 million or $0.05 per diluted share a year ago. Net cash provided by operating activities was $1.771 million against Net cash used in operating activities of $2.859 million a year ago. Purchases of property, equipment, & technology licenses was $0.838 million against $1.220 million a year ago. Capitalized patent costs was $8.427 million against $7.883 million a year ago. Negative free cash flow was $7.494 million against $11.962 million a year ago Non-GAAP net income was $33.318 million or $0.89 per diluted share against $0.926 million or $0.02 per diluted share a year ago.
ZTE Corp. Initiates Anti-Monopoly Proceedings against InterDigital
Apr 23 15
ZTE Corporation announced the decision of the jury in the U.S. District Court for the District of Delaware in the litigation with InterDigital Inc. over U.S. patent 7,941,151. The Delaware jury decided that ZTE did not infringe any of the claims of the InterDigital patent. In August 2014, the United States International Trade Commission issued a final determination rejecting InterDigital’s allegation of violations of Section 337 of the Tariff Act of 1930 based on three patents, including U.S. patent 7,941,151. In December 2013, the ITC rejected an earlier Section 337 case involving seven other InterDigital patents, with three of the patents ruled invalid. This ITC ruling was upheld by the U.S. Court of Appeals for the Federal Circuit in February 2015. ZTE has initiated anti-monopoly proceedings against InterDigital in China, with hearings scheduled at the Shenzhen Intermediate People’s Court on May 11 and May 13.