2023-05-15 05:13:08 ET
- InterDigital ( NASDAQ: IDCC ) has signed a new patent license agreement with Alps Alpine Co., Ltd.
- The agreement covers Alps Alpine’s range of devices under the company’s standard essential patents related to HEVC.
- “This new agreement demonstrates once again how our innovation is applied across a range of devices,” commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. “Our long history of research in the video space means that we have a very strong portfolio of assets in HEVC and other leading codecs, and we’re delighted that we have been able to close this deal and open a new customer relationship with Alps Alpine.”
- Press release
- Wall Street Analysts and SA Quant Rating System screens the stock as ' Strong Buy .'
- " IDCC stock should trade at a higher P/E multiple - the fair value per share is over $99 per share," as per SA contributor Danil Sereda analysis.
For further details see:
InterDigital inks patent license agreement with Alps Alpine