InterDigital Applauds Historic Strengthening of U.S. Patent System

Paves Way for Increased Predictability, Speed of Issuance and Quality of Patenting Process that will Benefit U.S. Innovators

KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--InterDigital, Inc. (NASDAQ: IDCC) today applauded the Senate’s passage of H.R. 1249, The Leahy-Smith America Invents Act. When enacted into law, the America Invents Act is designed to drive immediate improvements to the U.S. patent system that will foster innovation and continue America’s role as the most creative economy in the world.

“This legislation has evolved significantly over the years, and has become much improved as a result of the cooperative efforts of stakeholders such as InterDigital®, key members of Congress, and the Administration”

The America Invents Act results from many years of dialogue among a community of research institutions, entrepreneurial companies of all sizes, and venture capital firms seeking to establish patent laws designed to improve patent quality, enhance certainty, and preserve market-based valuations of patents.

“This legislation has evolved significantly over the years, and has become much improved as a result of the cooperative efforts of stakeholders such as InterDigital^®, key members of Congress, and the Administration,” said William J. Merritt, InterDigital’s President and Chief Executive Officer. “InterDigital’s long heritage in developing cutting-edge technological innovations with industry-wide impact has been supported by a system that values and protects inventions. The America Invents Act enhances key aspects of the U.S. patent system and maintains as undisturbed the long-established judicial principles that allow innovative companies to be compensated for their inventions. We believe that a fully-funded USPTO, in connection with this new legislation, will directly benefit InterDigital and other creative and innovative companies in driving U.S. economic growth.”

InterDigital looks forward to continuing to work with Congress and the Administration to implement this important legislation. InterDigital and other innovators argued strongly for the inclusion of provisions to end permanently the diversion of fees collected by the U.S. Patent and Trademark Office (USPTO) and InterDigital remains committed to continuing to work with Congress and the Administration to ensure that the USPTO is fully funded to realize the full benefits of the new legislation.

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.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com