InterDigital a mobile and video technology research and development firm announced on Tuesday that, it has signed a multi-year, global, non-exclusive, royalty-bearing patent license agreement with Huawei.
This agreement covers certain of Huawei’s 3G, 4G, and 5G products and certain of InterDigital’s essential patents. Allowing Huawei to use, InterDigital’s patented Wi-fi and High-Efficiency Video Coding (HEVC) technologies in those products.
The Agreement will stay active until December 31, 2023. In addition, InterDigital and Huawei have also agreed to dismiss all pending litigation between the companies.
“This agreement, reached amid challenging circumstances given the current economic downturn, highlights the strength of our business and the value of InterDigital’s contributions to multiple generations of wireless and video standards,” said William J. Merritt, President, and CEO.
“The agreement also underscores the fairness and flexibility of our licensing approach, including our rate and portfolio transparency, which set an industry standard,” he added.