INTERDIGITAL ANNOUNCES ACQUISITION OF SENSOR PROCESSING TECHNOLOGY PIONEER HILLCREST LABS

WILMINGTON, DE and ROCKVILLE, MD --- InterDigital, Inc. announces the acquisition of Hillcrest Labs, a pioneer in sensor processing technology. Terms of the transaction were not disclosed.

Hillcrest Labs was founded in 2001 by Dan Simpkins, a technology entrepreneur with a proven track record of success. The company has innovated in the area of Smart TV, and their Freespace® sensor processing technology has broadened to encompass virtual reality (VR) and augmented reality (AR) systems, gaming systems, wearable devices, smartphones, robotics and other categories. Hillcrest Labs has won significant industry recognition, including multiple CES Innovations Honoree awards and inclusion in PC World’s 100 Best Products.

Hillcrest Labs’ customers have included LG, Lenovo, ZTE, Coolpad, LeEco, Sony and others. The company has also developed an intellectual property portfolio of more than 235 granted patents and pending applications. The Hillcrest Labs team of approximately 40 employees will remain based in Rockville, MD as part of the InterDigital team.

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

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

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