{"id":783223,"date":"2023-09-11T18:05:00","date_gmt":"2023-09-11T22:05:00","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/adeia-and-nvidia-resolve-litigation\/"},"modified":"2023-09-11T18:05:00","modified_gmt":"2023-09-11T22:05:00","slug":"adeia-and-nvidia-resolve-litigation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/adeia-and-nvidia-resolve-litigation\/","title":{"rendered":"Adeia and NVIDIA Resolve Litigation"},"content":{"rendered":"
\n

SAN JOSE, Calif., Sept. 11, 2023 (GLOBE NEWSWIRE) — Adeia Inc. (Nasdaq: ADEA) (\u201cAdeia\u201d or the \u201cCompany\u201d), the company whose patented innovations enhance billions of devices, today announced that NVIDIA and Adeia have resolved the existing litigation between the companies on confidential terms.<\/p>\n

\u201cHaving resolved these disputes, we are hopeful that this settlement will open the door for future technology collaborations with NVIDIA,\u201d said Dana Escobar, chief licensing officer and general manager, semiconductor, at Adeia.<\/p>\n

\n About Adeia<\/strong>\n <\/p>\n

Adeia is a leading R&D and intellectual property (IP) licensing company that accelerates the adoption of innovative technologies in the media and semiconductor industries. Adeia\u2019s fundamental innovations underpin technology solutions that are shaping and elevating the future of digital entertainment and electronics. Adeia\u2019s IP portfolios power the connected devices that touch the lives of millions of people around the world every day as they live, work and play. For more, please visit www.adeia.com<\/u><\/a>.<\/p>\n

\n Safe Harbor Statement<\/strong>\n <\/p>\n

This press release contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on information available to the Company as of the date hereof, as well as the Company\u2019s current expectations, assumptions, estimates and projections that involve risks and uncertainties. In this context, forward-looking statements often address expected future business, financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “potentially,” “estimate,” “continue,” “expect,” “target,” similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond the Company\u2019s control, and are not guarantees of future results. These and other forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: the Company\u2019s ability to implement its business strategy; the Company\u2019s ability to enter into new and renewal license agreements with customers on favorable terms; the Company\u2019s ability to retain and hire key personnel; uncertainty as to the long-term value of the Company\u2019s common stock; legislative, regulatory and economic developments affecting the Company\u2019s business; general economic and market developments and conditions; the Company\u2019s ability to grow and expand its patent portfolios; changes in technology and development of competing technology in the industries in which in which the Company operates; the evolving legal, regulatory and tax regimes under which the Company operates; unforeseen liabilities and expenses; risks associated with the Company\u2019s indebtedness; the Company\u2019s ability to achieve the intended benefits of, and its ability to recognize the anticipated tax treatment of, the recent spin-off of its product business; unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, including Russia\u2019s invasion of Ukraine, and natural disasters; and the extent to which the COVID-19 pandemic continues to have an adverse impact on the Company\u2019s business, results of operations, and financial condition will depend on future developments, including measures taken in response to the pandemic, which are highly uncertain and cannot be predicted. These risks, as well as other risks associated with the business, are more fully discussed in the Company\u2019s filings with the U.S. Securities and Exchange Commission (“SEC”), including the Company\u2019s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. While the list of factors presented here is, and the list of factors presented in the Company\u2019s filings with the SEC are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on the Company\u2019s consolidated financial condition, results of operations, liquidity or trading price of common stock. The Company does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.<\/p>\n

\n For Information Contact:<\/strong>
\n
Investor Relations
Chris Chaney
IR@adeia.com<\/u><\/a><\/p>\n

Media Relations
Stephanie Stocker
Conveyor Marketing
marketing@adeia.com<\/u><\/a><\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

SAN JOSE, Calif., Sept. 11, 2023 (GLOBE NEWSWIRE) — Adeia Inc. (Nasdaq: ADEA) (\u201cAdeia\u201d or the \u201cCompany\u201d), the company whose patented innovations enhance billions of devices, today announced that NVIDIA and Adeia have resolved the existing litigation between the companies on confidential terms. \u201cHaving resolved these disputes, we are hopeful that this settlement will open the door for future technology collaborations with NVIDIA,\u201d said Dana Escobar, chief licensing officer and general manager, semiconductor, at Adeia. About Adeia Adeia is a leading R&D and intellectual property (IP) licensing company that accelerates the adoption of innovative technologies in the media and semiconductor industries. Adeia\u2019s fundamental innovations underpin technology solutions that are shaping and elevating the future of digital entertainment and electronics. Adeia\u2019s … <\/p>\n

Continue reading “Adeia and NVIDIA Resolve Litigation”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-783223","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAdeia and NVIDIA Resolve Litigation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/adeia-and-nvidia-resolve-litigation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Adeia and NVIDIA Resolve Litigation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN JOSE, Calif., Sept. 11, 2023 (GLOBE NEWSWIRE) — Adeia Inc. (Nasdaq: ADEA) (\u201cAdeia\u201d or the \u201cCompany\u201d), the company whose patented innovations enhance billions of devices, today announced that NVIDIA and Adeia have resolved the existing litigation between the companies on confidential terms. \u201cHaving resolved these disputes, we are hopeful that this settlement will open the door for future technology collaborations with NVIDIA,\u201d said Dana Escobar, chief licensing officer and general manager, semiconductor, at Adeia. About Adeia Adeia is a leading R&D and intellectual property (IP) licensing company that accelerates the adoption of innovative technologies in the media and semiconductor industries. Adeia\u2019s fundamental innovations underpin technology solutions that are shaping and elevating the future of digital entertainment and electronics. 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