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INTERDIGITAL INKS LICENSE AGREEMENT WITH TOSHIBA

KING OF PRUSSIA, Pa.-InterDigital Communications Corp. announced InterDigital Technology Corp. entered into a worldwide, royalty-bearing Time Division Multiple Access patent license agreement with Toshiba Corp.

For an upfront payment of $15 million, ITC granted Toshiba a paid-up license for Personal Handyphone Systems and Personal Digital Cellular equipment. Toshiba also will be required to pay ITC future royalties for products sold outside of Japan.

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