Adeia Celebrates Key Court Decisions Supporting Licensing Efforts
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Adeia Receives Rulings in Recent Legal Appeals
SAN JOSE, Calif. — Adeia Inc. (Nasdaq: ADEA) (“Adeia” or “Company”) has announced pivotal decisions made by the Canadian Court of Appeals regarding the Company’s appeals in the Videotron and Bell/Telus cases. The Court agreed with Adeia on several crucial issues, acknowledging errors in the lower court’s analysis concerning royalty-based damages, accounting of profits, and injunctions. These findings bolster patent rights and enhance the patent licensing landscape within Canada.
Despite the Court upholding certain invalidity decisions related to the patents in question, Adeia is optimistic that the favorable rulings will greatly benefit the upcoming trials against Videotron and Bell slated for 2025. This outcome is anticipated to strengthen Adeia’s overall licensing strategies within Canada.
Company Insights Following Court Rulings
“We are very pleased with the Court’s rulings on key issues that support our licensing practices in Canada and believe these decisions contribute positively to the evolving nature of patent law in Canada,” stated Kevin Tanji, Chief Legal Officer at Adeia. “We eagerly anticipate the opportunity to assert our rights based on these rulings in the next phase of cases against Videotron and Bell. Our commitment to protecting our intellectual property remains steadfast, and we will pursue market-based licenses with Canadian Pay-TV operators for our innovations that have significantly influenced the digital entertainment ecosystem.”
Keith A. Jones, Chief Financial Officer at Adeia, added, “Though we did not achieve the complete outcome we sought, we appreciate the Court's guidance on important patent-related matters in both the Videotron and Bell/Telus rulings. Importantly, these decisions do not impact our 2024 guidance, and we believe we have significant opportunities ahead in Canada.”
About Adeia
Adeia is a prominent research and development (R&D) firm specializing in intellectual property (IP) licensing, focused on accelerating the adoption of cutting-edge technologies in media and semiconductor sectors. The innovations developed by Adeia underlie technology solutions that are transforming the future of digital entertainment and consumer electronics. The Company’s extensive IP portfolios are integral to the connected devices that enhance millions of lives globally through work, play, and daily routines.
Contact Information
For Information Contact:
Investor Relations
Chris Chaney
Email: IR@adeia.com
Media Relations
JoAnn Yamani
Email: press@adeia.com
Frequently Asked Questions
1. What were the key decisions made by the Canadian Court of Appeals regarding Adeia?
The Court acknowledged errors in the lower court’s analysis related to royalty damages and injunctions, which supports Adeia's patent rights and the licensing environment in Canada.
2. How does Adeia view the outcome of the court rulings?
Adeia views the rulings as beneficial, as they believe it will positively influence their upcoming trials against Videotron and Bell, along with their broader licensing efforts in Canada.
3. Who is representing Adeia in these legal matters?
Kevin Tanji serves as the Chief Legal Officer, while Keith A. Jones is the Chief Financial Officer representing the Company's interests in the litigation.
4. What is Adeia's commitment regarding its intellectual property?
Adeia is committed to protecting its intellectual property and plans to pursue market-based licenses with Canadian Pay-TV operators based on its technologies that shape the digital landscape.
5. Where can I find more information about Adeia's offerings?
For more details about Adeia’s innovations and technology solutions, you can visit their official website at www.adeia.com.
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