InterDigital Lands IoT License Covering 3G, 4G, Wi-Fi 5 and 6 in PoS Devices
InterDigital signed a new Internet of Things patent licensing agreement with an undisclosed fintech payments company covering point-of-sale devices using its patented 3G, 4G, Wi-Fi 5 and Wi-Fi 6 technologies. Management said the deal underscores momentum in expanding its IoT licensing business and diversifying revenue beyond smartphones and telecom hardware.
1. New IoT Patent Licensing Agreement
InterDigital has secured a patent licensing agreement with a fintech company in the payments sector to use its wireless technologies in connected point-of-sale devices.
2. Deal Coverage and Technology
The license covers InterDigital’s global portfolio for cellular 3G and 4G standards as well as Wi-Fi 5 and Wi-Fi 6, enabling the fintech partner to integrate advanced connectivity into its payment terminals.
3. Strategic Diversification of Licensing Revenue
This agreement highlights InterDigital’s push to shift licensing revenue from traditional smartphone and telecom hardware into the broader IoT ecosystem, targeting industries such as payments, automotive and industrial IoT.
4. Investor Implications
Investors may view the deal as evidence of sustained growth in IoT licensing momentum, potentially bolstering revenue stability and reducing dependence on conventional handset patent royalties.