Adeia and LG Electronics Renew Media IP License Agreement

Adeia Inc. (Nasdaq: ADEA), a leading technology company bringing technology from incubation to reality, today announced the renewal of its intellectual property (IP) license agreement with LG Electronics, Inc. (LG). This multi-year agreement extends the longstanding relationship between the two companies, encompassing Adeia's expansive media IP portfolio.

"We are pleased to continue our partnership with LG, which, for decades, has been a global leader in consumer electronics," said Dr. Mark Kokes, Adeia’s chief licensing officer, media. "This renewal underscores the enduring value of our intellectual property and its importance in enabling cutting-edge entertainment experiences for consumers worldwide."

The renewed agreement covers a wide range of technologies within Adeia's media IP portfolio, including innovations in digital video, content discovery, and smart home technologies. It further highlights Adeia's position as a leading technology innovator and demonstrates the ongoing relevance of its portfolio in the rapidly evolving consumer electronics industry.

For more information about Adeia and its innovations, please visit www.adeia.com.