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InterDigital Announces Partnership With Plug And Play To Foster Innovative Startups And Collaborations In Gaming

InterDigital Announces Partnership with Plug and Play to Foster Innovative Startups and Collaborations in Gaming WILMINGTON, Del., Oct. 14, 2020 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video

· 10/14/2020 13:31

InterDigital Announces Partnership with Plug and Play to Foster Innovative Startups and Collaborations in Gaming

WILMINGTON, Del., Oct. 14, 2020 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that it will partner with global innovation and accelerator platform Plug and Play to serve as Anchor member for the platform's Media & Advertising program. The partnership will also see InterDigital and Plug and Play work towards developing a new gaming vertical within the next year.

Plug and Play brings together the most promising startups with the world's impactful corporations to drive investment, foster innovation and secure collaborative partnerships across an array of verticals. InterDigital's extensive research in cutting-edge wireless and visual technologies and recent pioneering developments in cloud gaming has been influential in creating the gaming vertical to connect companies across gaming, edge and cloud, and synthetic media ecosystems.

As an Anchor member, InterDigital will help guide new partnerships and priorities within the gaming vertical. Among their responsibilities, Anchor members participate in deal flow sessions, branding and networking, accelerator access, board membership, and more. In addition, InterDigital will collaborate with industry peers to better understand technology needs and partnership opportunities to leverage InterDigital's industry-recognized research.

InterDigital aims to become one of the leading research organizations in the world of gaming – an industry that is estimated to have 3.5 billion gamers by 2024. Gaming is an evolving vertical that leverages innovations in network architecture, video streaming and content delivery to shape the future of interactive gaming and entertainment. InterDigital is positioned to lead the development of future cloud gaming technologies with its deep expertise in creating low latency networks and video production technologies that have been used in blockbuster movies, such as the 2019 release of the Lion King.

As part of the Plug and Play Gaming Committee working to develop a new program for gaming tech, InterDigital's Senior Director of Technology Strategy Donald Butts and Senior Director of Partner Development Jeffrey Metzger will both hold advisory seats.

"Over the past decade, there has been a shift in how the world creates and consumes content. As we stand on the brink of a new era where our devices will be both the tools and the creators, InterDigital is excited to create solutions for these emerging realities," said InterDigital's Donald Butts. "Our new partnership with Plug and Play will enable us to identify and collaborate with game-changing startups eager to leverage our technical capabilities and the new gaming experiences we explore."

"We are thrilled to have InterDigital, a global leader in fundamental wireless and video technologies, joining the Plug and Play open innovation platform," says Sobhan Khani, Vice President at Plug and Play, about the newly forged partnership. "InterDigital's unwavering commitment to the innovation ecosystem during this challenging time sends a clear message that they are ready to collaborate with startups and industry leaders to drive the development of augmented reality, immersive content, artificial intelligence, and other emerging technologies."

About InterDigital ®

InterDigital 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. InterDigital has licenses and strategic relationships with many of the world's leading technology companies. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400® index.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

About Plug and Play

Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we have built accelerator programs, corporate innovation services, and an in-house VC to make technological advancement progress faster than ever before. Since inception in 2006, our programs have expanded worldwide to include a presence in over 30 locations globally, giving startups the necessary resources to succeed in Silicon Valley and beyond. With 30,000 startups and 400 official corporate partners, we have created the ultimate startup ecosystem in many industries. Companies in our community have raised over $9 billion in funding, with successful portfolio exits including Danger, Dropbox, Honey, Lending Club and PayPal.

For more information, visit https://www.plugandplaytechcenter.com/

InterDigital Contact:

Roya Stephens

Email: roya.stephens@interdigital.com

+1 (202) 349-1714


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