u-blox and Interdigital sign new license agreement
Thalwil, Switzerland - November 12, 2019 - u-blox (SIX: UBXN, OTC: UBLXF), a global provider of senior positioning and wireless communication technologies, and the InterDigital Group (NASDAQ: IDCC), a mobile and video technology research and development company, entered into an agreement on November 1, 2019 that includes a license covering all u-blox cellular modules. As a result, all litigation matters between the two companies have been dismissed.
In January of 2019, the United States Federal Court in San Diego, California, to determine fair, reasonable and non-discriminatory (FRAND) rates for patents licensed by the InterDigital Group.
"u-blox respects the intellectual property rights of others and has always been willing to become a licensee to standard essential patents (SEPs)," said Thomas Seiler, CEO of u-blox. "In fact, u-blox is a value-added differentiator that benefits u-blox results in this category." create value for our customers. "
u-blox (SIX: UBXN) is a global provider of advanced positioning and wireless communication technologies for the automotive, industrial, and consumer markets. Their solutions let people, vehicles, and machines determine their precise position and communicate wirelessly over cellular networks. With a broad portfolio of chips, modules, and a growing ecosystem of products supporting services, it is uniquely developed to empower its customers to develop innovative solutions for the Internet of Things, quickly and cost-effectively. With headquarters in Thalwil, Switzerland, the company is globally with offices in Europe, Asia, and the USA. www.u-blox.com
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