Adeia and Sharp Renew Multi-Year IP License Agreement

Adeia Inc. (Nasdaq: ADEA), the company whose patented innovations shape the way the world explores and experiences entertainment, today announced that Sharp Corporation, a global smart TV and consumer electronics manufacturer, has agreed to renew a multi-year worldwide license for Adeia's media intellectual property (IP) portfolio. 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 25-plus year partnership with Sharp, which, for decades, has been a global leader in consumer electronics. Sharp is a global brand that has maintained a strong reputation as a leader in entertainment technology. The company is well known for its expertise in display technologies, offering a range of smart TVs and consumer electronics that deliver high-quality experiences to consumers worldwide," said Dr. Mark Kokes, Adeia's chief licensing officer and general manager, media.