Case 6:21-cv-00569-ADA Document 190-2 Filed 01/26/23 Page 1 of 16
`Case 6:21-cv-00569-ADA Document 190-2 Filed 01/26/23 Page 1 of 16
`
`EXHIBIT 7
`EXHIBIT 7
`
`

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`1/18/lJ, 5 :4ti 1-'M
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`Case 6:21-cv-00569-ADA Document 190-2 Filed 01/26/23 Page 2 of 16
`lnterUigital reveals new licensing deal witn Google secured tnrough mystery plattorm - Lexology
`
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`lnterDigital reveals new licensing deal with Google secured
`through mystery platform
`
`Global November 11 2019
`
`For the most part patent pools haven't made the same kind of inroads in the wireless space with handset
`manufacturers as they have in other areas of technology. Some operators, such as Sisvel and Via Licensing, have
`established programmes but the largest owners of 2G, 3G, 4G and now 5G standard essential patents (SEPs) have
`generally opted to license device makers themselves.
`
`There are signs that this is not going to be the case in other industries that are increasingly connected . This
`includes auto, where Avanci has made significant headway, but it's still early days on that front.
`
`However, an intriguing tip off about a new platform that could be making some progress was buried in InterDigital's
`recent announcement of its third quarter results. Shortly after the quarter closed, the company revealed that it had
`signed new licensing agreements with both ZTE and Google - and it was the news around the latter that caught my
`eye.
`
`On a call with analysts, InterDigital COO Kai Oistamo revealed that the agreement with the search giant had been
`"signed through a patent licensing platform that involved a number of licensors". Oistamo then praised the approach
`as an "essentially frictionless way" to finalise a deal.
`
`The approach was also applauded by company CEO Bill Merritt, who claimed it to be "more efficient", as well as
`providing: "A solid benchmark for both sides to use in subsequent discussions with other companies, whether
`licensee or licensor."
`
`InterDigital is a member of Avanci, but when it comes to licensing handset makers it has typically opted for bilateral
`deals. This new agreement with Google suggests the company is open to a different approach and indicates that a
`new platform might be getting traction.
`
`But details on that platform remain, thus far, few and far between. According to an InterDigital spokesperson, the
`company was approached by an unnamed broker (whose name they said can't be disclosed for confidentiality
`reasons) about a possible deal with Google, but they don't know the identity of the other patent owners in the pool.
`The company only knows the royalty rate which they're being paid and the basis on which that rate was calculated.
`
`httn!;•//www IAxnlnav r.nm/lihrnrv/rtP.tAil A!;nx?a=!:in?n!'iR~n-r.7r.!'i-47rt!'i-Rr.RA-7!'iA!'i?1 r.!:i!:i?7n
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`1/11:S/lJ, 5 :4ti 1-'M
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`Case 6:21-cv-00569-ADA Document 190-2 Filed 01/26/23 Page 3 of 16
`lnterUigital reveals new licensing deal witn Google secured tnrough mystery plattorm - Lexology
`
`It still seems unlikely that some of the largest SEP owners like Qualcomm, which generate billions in licensing
`revenues each year, would sign up to such a programme, but the fact that InterDigital, one of the leading wireless
`licensors, has agreed to a deal is a strong indication that this new platform could prove successful. Large parts of the
`licensor and licensee communities in the handset space would certainly welcome a litigation-free, relatively
`frictionless approach to dealmaking.
`
`This article first appeared in JAM. For further information please visit https://www.iam(cid:173)
`media.com/corporate/subscribe
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`Subscribe here for related insights, breaking industry news and cutting-edge market analysis from global experts.
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`/AM is universally acknowledged as the world's leading intelligence platform for practising lawyers working in intellectual property and patent law.
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`LEXOLOGY.
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`1/11::1/lJ, 5:41::11-'M
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`Case 6:21-cv-00569-ADA Document 190-2 Filed 01/26/23 Page 4 of 16
`lnterUigital - 1-'ress Kelease
`
`INTERDIGITAL ANNOUNCES FINANCIAL RESULTS FOR THIRD
`~M~~.~QJ~GLOBE NEWSWIRE) -- lnterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and
`
`development company, today announced results for the third quarter ended September 30, 2019.
`
`Third Quarter 2019 Financial Highlights
`
`• Third quarter 2019 recurring revenue was $72.1 million, compared to recurring revenue of $75.0 million in third quarter 2018. This
`decrease was driven by lower royalties from one of our Taiwanese licensees.
`
`• Third quarter 2019 operating expenses were $68.7 million, compared to $62.2 million in third quarter 2018. The increase was
`primarily driven by $15.8 million in costs related to the acquisition ofTechnicolor SA's (Euronext Paris:TCH) {OTCQX:TCLRY) patent
`licensing business and Research and Innovation (R&I) research and development organization. Of those, $6.2 million were either
`transaction, integration or amortization expenses.
`
`• Third quarter 2019 net income1 was $2.2 million, or $0.07 per diluted share compared to net income1 of $21.8 million, or $0.61 per
`diluted share, in third quarter 2018.
`
`"In third quarter we were successful at holding expenses below our expectations, and we remain completely on track to bring our
`expenses to the levels we saw prior to the acquisition of the Technicolor licensing business and the expansion of our R&D footprint," said
`William J. Merritt, President and CEO of lnterDigital. "Those efforts came together with redoubled licensing efforts that resulted in new
`successes in fourth quarter, highlighting the strength and operating leverage of our business model."
`
`Additional Highlights
`
`•
`
`In third quarter 2019, the company recorded $125.5 million of cash provided by operating activities, compared to $170.4 million of
`cash provided by operating activities in third quarter 2018. The company generated $117.0 million of free cash flow2 in third quarter
`2019, compared to $160.7 million of free cash flow generated in third quarter 2018. Free cash flow is driven by the timing of cash
`
`collections under fixed-fee agreements. Ending cash and short-term investments as of September 30, 2019 totaled $0.9 billion.
`
`•
`
`In third quarter 2019, the company recognized a tax benefit of $0.2 million compared to a tax benefit of $21.1 million in third quarter
`2018.
`
`• Other Income (Expense), net in third quarter 2019 included $8.5 million to record the gain resulting from the sale of the company's
`Hillcrest Laboratories product business to a subsidiary of CEVA, Inc. As part of the transaction, the company retained substantially
`all of the Hillcrest patent assets that it acquired in 2016. This gain was partially offset by the recognition of a $3.3 million loss
`resulting from a partial impairment of one of the company's long-term investments.
`
`• Shortly after third quarter 2019, the company added two new patent licensees, ZTE Corporation and Google.
`
`Conference Call Information
`
`lnterDigital will host a conference call on Thursday, October 31, 2019 at 10:00 a.m. Eastern Time to discuss its third quarter 2019 financial
`performance and other company matters. For a live Internet webcast of the conference call, visit www.interdigital.com and click on
`the link to the live webcast on the Investors page. The company encourages participants to take advantage of the Internet option.
`
`For telephone access to the conference, call (800) 353-6461 within the United States and Canada or +l {334) 323-0501 from outside the
`United States and Canada. Please call by 9:50 a.m. ET on October 31st and give the operator conference ID number 8941056.
`
`An Internet replay of the conference call will be available on lnterDigital's website in the Investors section. In addition, a telephone replay
`will be available from 1:00 p.m. ETOctober 31st through 1:00 p.m . ETNovember 5th. To access the recorded replay, call +l (888) 203-lll2 or +l
`
`(719) 457-0820 and use the replay code 8941056.
`
`About lnterDigital®
`
`lnterDigital develops mobile and video technologies that are at the core of 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, better video
`
`delivery, and richer multimedia experiences years ahead of market deployment. lnterDigital has licenses and strategic relationships with
`many of the world's leading technology companies. Founded in 1972, lnterDigital is listed on NASDAQ and is included in the S&P MidCap
`400® index.
`
`lnterDigital is a registered trademark of lnterDigital, Inc.
`
`For more information, visit the lnterDigital website: www.interdigital.com.
`
`Forward-Looking Statements
`
`httm;-1/ir inl!mliait;:il r.nm/nAW!::-AVAnti::/nrP.!::!::-rAIA;:i!::A!::lnAW!::-rlAt;:iili::/?019/lntArl)iait;:il-Annn, mr.Ai::-Fin;:inr.i;:il-RA!::I 1lti::-fnr-Thirrt-O11;:irtAr-?019/rlAfa11lt ;:ii::nx
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`Case 6:21-cv-00569-ADA Document 190-2 Filed 01/26/23 Page 5 of 16
`1/11::1/lJ, 5 :41::11-'M
`lnterUigital - 1-'ress Kelease
`This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as
`amended. Such statements include information regarding our current beliefs, plans and expectations, including, without limitation, our
`belief that the acquisition of the Technicolor patent licensing business provides the company with a significant potential benefit. Words
`such as 11 believe," 11 anticipate," 11estimate," 11expect,11 "project," 11 intend," 11 plan," "forecast," 11goal," "see," and variations of any such words or
`similar expressions are intended to identify such forward-looking statements.
`
`Forward-looking statements are subject to risks and uncertainties. Actual outcomes could differ materially from those expressed in or
`anticipated by such forward-looking statements due to a variety of factors, including, without limitation, those identified in this press
`
`release, as well as the following: (i) unanticipated delays, difficulties or acceleration in the execution of patent license agreements; (ii) our
`ability to leverage our strategic relationships and secure new patent license agreements on acceptable terms; (iii) our ability to enter into
`sales and/or licensing partnering arrangements for certain of our patent assets; (iv) our ability to enter into partnerships with leading
`
`inventors and research organizations and identify and acquire technology and patent portfolios that align with lnterDigital's roadmap; (v)
`our ability to commercialize the company's technologies and enter into customer agreements; (vi) the failure of the markets for the
`company's current or new technologies and products to materialize to the extent or at the rate that we expect; (vii) unexpected delays or
`difficulties related to the development of the company's technologies and products; (viii) changes in our interpretations of, and
`assumptions and calculations with respect to the impact on the company of, the Tax Reform Act, as well as further guidance that may be
`issued regarding the Tax Reform Act; (ix) difficulties or delays in integrating the Technicolor patent licensing business; (x) failure to
`accurately forecast the long-term value and costs of the Technicolor business or of certain assets acquired in the transaction; (xi) the
`resolution of current legal or regulatory proceedings, including any awards or judgments relating to such proceedings, additional legal or
`regulatory proceedings, changes in the schedules or costs associated with legal or regulatory proceedings or adverse rulings in such legal
`or regulatory proceedings; (xii) changes or inaccuracies in market projections; and (xiii) changes in the company's business strategy.
`
`We undertake no duty to update publicly any forward-looking statement, whether as a result of new information, future events or
`otherwise, except as may be required by applicable law, regulation or other competent legal authority.
`
`Footnotes
`
`1 Throughout this press release, net income (loss) and diluted earnings per share ("EPS") are attributable to lnterDigital, Inc. (e.g., after
`adjustments for noncontrolling interests). unless otherwise stated.
`
`2 Free cash flow is a supplemental non-GAAP financial measure that lnterDigital believes is helpful in evaluating the company's ability to
`invest in its business, make strategic acquisitions and fund share repurchases, among other things. A limitation of the utility of free cash
`
`flow as a measure of financial performance is that it does not represent the total increase or decrease in the company's cash balance for
`the period. lnterDigital defines "free cash flow" as net cash provided by operating activities less purchases of property and equipment,
`technology licenses and investments in patents. lnterDigital's computation of free cash flow might not be comparable to free cash flow
`reported by other companies. The presentation of this financial information, which is not prepared under any comprehensive set of
`accounting rules or principles, is not intended to be considered in isolation or as a substitute for the financial information prepared and
`presented in accordance with GAAP. A detailed reconciliation of free cash flow to net cash used in operating activities, the most directly
`comparable GAAP financial measure, is provided at the end of this press release.
`
`SUMMARY CONSOLIDATED STATEMENTS OF INCOME
`(dollars in thousands except per share data)
`(unaudited)
`
`FOR THE THREE MONTHS ENDED
`SEPTEMBER 30,
`
`FOR THE NINE MONTHS ENDED
`SEPTEMBER 30,
`
`2019
`
`2018
`
`2019
`
`2018
`
`$
`
`4,683
`
`63,736
`
`68,419
`
`(370)
`
`68,049
`
`750
`
`3,724
`
`$
`
`13,645
`
`$
`
`22,557
`
`$
`
`60,272
`
`73,917
`
`128
`
`74,045
`
`1,034
`
`190,345
`
`212,902
`
`(4,908)
`
`207,994
`
`975
`
`7,794
`
`26,322
`
`178,207
`
`204,529
`
`25,489
`
`230,018
`
`2,060
`
`$
`
`72,523
`
`$
`
`75,079
`
`$
`
`216,763
`
`$
`
`232,078
`
`34,772
`
`20,506
`
`13,471
`
`68,749
`
`3,774
`
`32,077
`
`17,276
`
`12,806
`
`62,159
`
`12,920
`
`108,196
`
`56,028
`
`40,000
`
`204,224
`
`12,539
`
`85,480
`
`49,279
`
`38,569
`
`173,328
`
`58,750
`
`REVENUES:
`
`Variable patent royalty revenue
`
`Fixed-fee royalty revenue
`
`Current patent royalties
`
`Non-current patent royalties
`
`Total patent royalties
`
`Patent sales
`
`Current technology solutions revenue
`
`OPERATING EXPENSES:
`
`Patent administration and licensing
`
`Development
`
`Selling, general and administrative
`
`Income from operations
`
`httni:;·/ /ir inl!mliait;:il r.nm/nAW!;-AVAnti:;/nrni:;i:;-rP.IA;:i!;A!;/nAW!;-ciAt;:iili:;/?019/lntArl)iait;:il-Annn, 1nr.Ai:;-Fin;:inr.i;:il-RAi:;11lti:;-fnr-Thirci-O11;:irtAr-?0 19/ciAfal ,It ;:ii:;nx
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`1/11::1/lJ, 5 :41::11-'M
`
`Case 6:21-cv-00569-ADA Document 190-2 Filed 01/26/23 Page 6 of 16
`lnterUigital - 1-'ress Kelease
`
`INTEREST EXPENSE
`
`OTHER INCOME (NET)
`
`Income (loss) before income taxes
`
`INCOME TAX BENEFIT (PROVISION)
`
`NET INCOME
`
`Net loss attributable to noncontrolling interest
`
`NET INCOME ATTRIBUTABLE TO INTERDIGITAL, INC.
`
`NET INCOME PER COMMON SHARE- BASIC
`
`WEIGHTED AVERAGE NUMBER OF COMMON SHARES
`OUTSTANDING - BASIC
`
`NET INCOME PER COMMON SHARE- DILUTED
`
`WEIGHTED AVERAGE NUMBER OF COMMON SHARES
`OUTSTANDING - DILUTED
`
`CASH DIVIDENDS DECLARED PER COMMON SHARE
`
`(10,920)
`
`7,803
`
`657
`
`178
`
`835
`
`(1,399)
`
`2,234
`
`0.07
`
`31,130
`
`0.07
`
`31,308
`
`0.35
`
`$
`
`$
`
`$
`
`$
`
`$
`
`$
`
`$
`
`$
`
`$
`
`$
`
`(9,039)
`
`(4,914)
`
`(1,033)
`
`21,143
`
`20,110
`
`(1,642)
`
`21,752
`
`0.63
`
`$
`
`$
`
`$
`
`23,772
`
`6,006
`
`(3,007)
`
`2,999
`
`(4,175)
`
`7,174
`
`0.23
`
`$
`
`$
`
`$
`
`34,651
`
`31,757
`
`0.61
`
`$
`
`0.22
`
`$
`
`35,607
`
`32,010
`
`0.35
`
`$
`
`1.05
`
`$
`
`(30,305 )
`
`(27,242 )
`
`2,106
`
`33,614
`
`25,001
`
`58,615
`
`(4,333)
`
`62,948
`
`l.81
`
`34,687
`
`l.77
`
`35,614
`
`1.05
`
`Note: Certain revisions have been made to prior period amounts.
`
`SUMMARY CONSOLIDATED CASH FLOWS
`(dollars in thousands)
`(unaudited)
`
`Income (loss) before income taxes
`
`657
`
`(1,033)
`
`6,006
`
`$
`
`33,614
`
`FOR THE THREE MONTHS ENDED
`
`FOR THE NINE MONTHS ENDED
`
`SEPTEMBER 30,
`
`SEPTEMBER 30,
`
`2019
`
`2018
`
`2019
`
`2018
`
`$
`
`$
`
`$
`
`(13,660)
`
`(16,483)
`
`(6,713)
`
`29,524
`
`63,629
`
`38,402
`
`(8,483)
`
`117,016
`
`10,000
`
`(10,894)
`
`(179)
`
`32,163
`
`36,989
`
`115,926
`
`(9,678)
`
`160,707
`
`(436)
`
`(142,985)
`
`(12,153)
`
`(91)
`
`(1,075)
`
`440
`
`(34,336)
`
`2,432
`
`593
`
`86,139
`
`875
`
`(4,561)
`
`(29,185)
`
`42,791
`
`10,000
`
`10,333
`
`(33,683 )
`
`(4,316)
`
`(221,091 )
`
`400,000
`
`(72,000)
`
`(4,184)
`
`(10,763)
`
`9,038
`
`47,600
`
`(8,375)
`
`(171,269)
`
`2
`
`4,392
`
`(24,459)
`
`70,959
`
`9,822
`
`86,681
`
`(25,727 )
`
`150,890
`
`(6,686)
`
`(142,985 )
`
`(2,250)
`
`(36,472)
`
`(8,479)
`
`(43,508)
`
`6,362
`
`(575)
`
`Taxes paid
`
`Non-cash expenses
`
`Change in deferred revenue
`
`Increase (decrease) in operating working capital, deferred charges
`
`and other
`
`Capital spending and capitalized patent costs
`
`FREE CASH FLOW
`
`Long-term investments
`
`Acquisition of business, net of cash required
`
`Acquisition of patents
`
`Proceeds from sale of business
`
`Proceeds from noncontrolling interest
`
`Dividends paid
`
`Taxes withheld upon vesting of restricted stock units
`
`Payments on long-term debt
`
`Proceeds from issuance of convertible senior notes
`
`Purchase of convertible bond hedge
`
`Payment for warrant unwind
`
`Prepayment penalty on long-term debt
`
`Proceeds from hedge unwind
`
`Proceeds from issuance of warrants
`
`Payments of debt issuance costs
`
`Share repurchases
`
`Net proceeds from exercise of stock options
`
`Unrealized gain (loss) on short-term investments
`
`NET INCREASE (DECREASE) IN CASH, RESTRICTED CASH AND
`SHORT-TERM INVESTMENTS
`
`$
`
`115,308
`
`$
`
`(26,269 )
`
`$
`
`(1,525)
`
`$
`
`(83,703 )
`
`httm;-1 /ir inl!mliait;:il r.nm/nAW!::-AVAnti::/nrP.!::!::-rP.IA;:i!::A!::lnAW!::-rlAt;:iili::/?019/lntArl)iait;:il-Annn, mr.Ai::-Fin;:inr.i;:il-RA!::I 1lti::-fnr-Thirrt-O11;:irtAr-?0 19/r!Afal ,It ;:ii::nx
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`1/11::1/lJ, 5 :41::11-'M
`
`Case 6:21-cv-00569-ADA Document 190-2 Filed 01/26/23 Page 7 of 16
`lnterUigital - 1-'ress Kelease
`CONDENSED CONSOLIDATED BALANCE SHEETS
`(dollars in thousands)
`(unaudited)
`
`ASSETS
`
`Cash & short-term investments
`
`Accounts receivable (net)
`
`Other current assets
`
`Property & equipment and patents (net)
`
`Other long-term assets (net)
`
`TOTAL ASSETS
`
`LIABILITIES AND SHAREHOLDERS' EQUITY
`
`Current portion of long-term debt
`
`Accounts payable, accrued liabilities, taxes payable & dividends payable
`
`Current deferred revenue
`
`Long-term deferred revenue
`
`Long-term debt & other long-term liabilities
`
`TOTAL LIABILITIES
`
`TOTAL INTERDIGITAL, INC. SHAREHOLDERS' EQUITY
`
`Noncontrolling interest
`
`$
`
`$
`
`$
`
`SEPTEMBER 30, 2019
`
`DECEMBER 31, 2018
`
`947,623
`
`$
`
`23,355
`
`51,545
`
`458,975
`
`146,804
`
`945,780
`
`35,032
`
`43,438
`
`464,618
`
`137,690
`
`1,628,302
`
`$
`
`1,626,558
`
`93,131
`
`$
`
`69,735
`
`171,433
`
`107,498
`
`383,206
`
`825,003
`
`782,106
`
`21,193
`
`67,723
`
`lll,672
`
`lS?,634
`
`351,516
`
`688,545
`
`936,729
`
`1,284
`
`938,013
`
`TOTAL EQUITY
`
`803,299
`
`TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
`
`$
`
`1,628,302
`
`$
`
`1,626,558
`
`Note: Certain revisions have been made to prior period amounts.
`
`RECONCILIATION OF FREE CASH FLOW TO NET CASH
`PROVIDED BY (USED IN) OPERATING ACTIVITIES
`
`In the summary consolidated cash flows and throughout this release, the company refers to free cash flow. The table below presents a
`reconciliation of this non-GAAP financial measure to net cash provided by operating activities, the most directly comparable GAAP
`financial measure.
`
`FOR THE THREE MONTHS ENDED SEPTEMBER
`30,
`
`FOR THE NINE MONTHS ENDED SEPTEMBER
`30,
`
`Net cash provided by operating activities
`
`Purchases of property, equipment, & technology
`
`licenses
`
`Capitalized patent costs
`
`Free cash flow
`
`$
`
`$
`
`2019
`
`2018
`
`2019
`
`2018
`
`125,499
`
`$
`
`170,385
`
`$
`
`71,976
`
`$
`
`176,617
`
`(200)
`
`(8,283)
`
`(340)
`
`(9,338)
`
`(3,062)
`
`(26,123)
`
`117,016
`
`$
`
`160,707
`
`$
`
`42,791
`
`$
`
`(1,882)
`
`(23,845 )
`
`150,890
`
`CONTACT:
`
`lnterDigital, Inc.:
`
`Patrick Van de Wille
`
`gatrick.vandewille@interdigital.com
`
`+l (858) 210-4814
`
`INTERO1GITAL
`
`Source: lnterDigital, Inc.
`
`httm;-/ /ir inl!mliait;:il r.nm/nAW!::-AVAnti::/nrP.!::!::-rAIA;:i!::A!::lnAW!::-rlAh'lili::/?019/lntArl)iait;:il-Annn, mr.Ai::-Fimmr.i;:il-RA!::I 1lti::-fnr-Thirrt-O11;:irtAr-?0 19/r!Afal 1lt ;:ii::nx
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`Case 6:21-cv-00569-ADA Document 190-2 Filed 01/26/23 Page 8 of 16
`lnterUigital - 1-'ress Kelease
`
`INTERDIGITAL JOINS AVANCI IOT LICENSING PLATFORM
`
`Company Release - 9/14/2016
`lnterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and
`WILMINGTON, Del., Sept. 14, 2016 (GLOBE NEWSWIRE) --
`development company, today announced that it has joined Avanci, the industry's first marketplace for the licensing of cellular standards(cid:173)
`essential technology for the Internet of Things (loT). The licensing platform brings together some of lnterDigital's peers in standards(cid:173)
`essential technology leadership, and makes 2G, 3G and 4G standards-essential patents available to loT players in specific product
`segments with one flat-rate license.
`
`"Avanci is a significant step forward in providing access to standards-essential patents for this new market, which is projected to see
`dramatic expansion in the next few years," said Lawrence F. Shay, Senior Executive Vice President, Future Wireless, at lnterDigital, Inc.
`"Avanci brings a leadership team with a long track record of success and provides access to a portfolio of technologies from some of the
`leaders in mobile R&D, offering licensees simplicity and tremendous value."
`
`The Avanci licensing programs in specific product segments for the loT industry will provide access to the entire applicable standards(cid:173)
`essential wireless patent portfolios held by all of the platform participants, as well as any additions to their portfolios during the term of
`the license. lnterDigital is pleased to participate in Avanci's initial licensing program that will include automobiles and smart meters
`covering 2G, 3G and 4G standards-essential cellular technologies-technologies where lnterDigital is an acknowledged global leader.
`
`"Joining Avanci will provide a strong vehicle for licensing of the loT, and will layer nicely over our existing core licensing program
`
`addressing handsets and other connected devices like tablets and laptops," said William J. Merritt, President and CEO of lnterDigital.
`"With a broader licensing program and our goals with regard to our oneMPOWER™ and wot.ioT"' technology solutions, lnterDigital is
`continuing to execute on its strong core business while exploring new avenues for growth."
`
`About lnterDigital®
`
`lnterDigital develops mobile technologies that are at the core of 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. lnterDigital has licenses and strategic relationships with many of the world's
`leading wireless companies. Founded in 1972, lnterDigital is listed on NASDAQ and is included in the S&P MidCap 400® index.
`
`lnterDigital is a registered trademark of lnterDigital, Inc. oneMPOWER and wot.io are trademarks of lnterDigital, Inc.
`
`For more information, visit: www.interdigital.com.
`
`InterDigital Contact :
`Patrick Van de Wille
`Email : pat rick . vandewille@interdigital.com
`+1 (858) 210-481
`
`INTER DIGITAL
`
`Source: lnterDigital, Inc.
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`Case 6:21-cv-00569-ADA Document 190-2 Filed 01/26/23 Page 9 of 16
`Avanci 10 I -Avanci
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`AVA NC I ~►
`
`-A- > Avanci loT
`
`Avanci loT
`Licensing for Internet of Things devices made easy
`
`The Internet of Things is propelling a new economy of
`products. loT is enabling manufacturers to innovate new
`products and reinvigorate existing ones in ways never
`imagined. Consumers and businesses will benefit from
`the convenience, productivity and security these
`products deliver in a more connected world.
`
`41
`
`billion internet connected devices by 2025
`
`In this new era of invention, the innovators of wireless technology and the
`creators of smart devices are intertwined, each dependent on the
`contribution of the other for success. Avanci loT is the one-stop platf.
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`Case 6:21-cv-00569-ADA Document 190-2 Filed 01/26/23 Page 10 of 16
`Avanci 10 I -Avanci
`
`can find the cellular communications technology patent licenses they
`need. Licensing fees are tied to the value the technology adds to the
`connected device, not the product's sales price.
`
`Royalties will vary from one type of device to the next, based on the value
`the technology brings to the device. For example, the royalty will be
`different when the licensed product is a connected vehicle that
`continuously provides a hotspot, navigation data, streaming
`entertainment, enhanced safety, warranty services and remote
`performance monitoring, rather than a smart meter that only sends
`intermittent data on consumption.
`
`loT News & Views
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`httrnd/www ::iv::mr.i r.nm/inl/
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`Case 6:21-cv-00569-ADA Document 190-2 Filed 01/26/23 Page 11 of 16
`Avanci 10 I -Avanci
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`October 18, 2022
`Avanci joins World Economic Forum's Global Innovators
`Community
`
`Read more
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`httrnd/www ::iv::mr.i r.nm/inl/
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`Case 6:21-cv-00569-ADA Document 190-2 Filed 01/26/23 Page 12 of 16
`Avanci 10 I -Avanci
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`March 23, 2022
`Licensor Spotlight: DOCOMO drives future standards through
`commitment to innovation
`
`Read more
`
`httrnd/www ::iv::mr.i r.nm/inl/
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`Case 6:21-cv-00569-ADA Document 190-2 Filed 01/26/23 Page 13 of 16
`Avanci 10 I -Avanci
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`Avanci loT Team
`
`Kasim Alfalahi
`Founder & Chief Executive Officer
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`httrnd/www ::iv::mr.i r.nm/inl/
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`Case 6:21-cv-00569-ADA Document 190-2 Filed 01/26/23 Page 14 of 16
`Avanci 10 I -Avanci
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`Max Olofsson
`Vice President, Licensing
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`httrnd/www ::iv::mr.i r.nm/inl/
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`Case 6:21-cv-00569-ADA Document 190-2 Filed 01/26/23 Page 15 of 16
`Avanci 10 I -Avanci
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`Simple and efficient: that's Avanci
`
`Get Started
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`httrnd/www ::iv::mr.i r.nm/inl/
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`Case 6:21-cv-00569-ADA Document 190-2 Filed 01/26/23 Page 16 of 16
`Avanci 10 I -Avanci
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`Avanc, loT
`
`Company
`
`About
`
`Contact
`
`© 2023 Avanci, LLC. All rights reserved. Avanci and the Avanci logo are trademarks of Avanci, LLC
`Privacy Policy Terms & Conditions
`
`httrnd/www ::iv::mr.i r.nm/inl/
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