InterDigital Inc (NASDAQ:IDCC) shares were down 0.17% to $89.05 on Monday and an additional 0.02% to $89.03 in after-hours trading. Share prices have been trading in a 52-week range of $41.01 to $98.00. The company has a market cap of $3.06 billion at 34.28 million shares outstanding.
InterDigital Inc is a company that designs and develops technologies for wireless communications. As such, it has designed and developed a range of technologies that are used in digital cellular and wireless products and networks.
Its subsidiaries hold a portfolio of approximately 20,400 patents and patent applications related to a range of technologies, including the fundamental technologies that enable wireless communications. Products integrating its technologies include mobile devices, such as cellular phones, tablets, notebook computers and wireless personal digital assistants; wireless infrastructure equipment, such as base stations, and components, dongles and modules for wireless devices. InterDigital Inc is focused on two technology areas: cellular wireless technology and Internet of Things (IoT) technology.
Earlier this week, InterDigital Inc shared that ithas received a 2016 IoT Evolution Connected Transportation Award from IoT Evolution magazine, which is a leading publication covering IoT technologies. This award honors organizations delivering services, software or hardware solutions that enable advancement of connected devices. In particular, InterDigital Inc was recognized for the application of its IoT platform in oneTRANSPORTTM, which is one the largest-to-date smart city initiatives that enables transport data brokerage and innovative services covering numerous counties in the United Kingdom.
“The solutions selected for the IoT Evolution Connected Transportation Award exemplify excellence in creating and bringing to market solutions contributing to the fast-growing Internet of Things marketplace. It is my honor to congratulate InterDigital for their innovative work and contribution to this rapidly evolving industry,” said Carl Ford, CEO of Crossfire Media, a co-publisher of IoT Evolution Magazine.
“It is my pleasure to recognize oneMPOWERTM powered by wot.ioTM, an innovative solution that earned InterDigital the 2016 IoT Evolution Connected Transportation Award,” said Rich Tehrani, CEO, TMC. “I look forward to seeing more innovation from InterDigital in the future.”
“We’re honored to receive this award from IoT Evolution magazine,” said Jim Nolan, Executive Vice President, IoT Solutions, InterDigital Inc. “This marks the fourth time that one of InterDigital’s IoT solutions has been shortlisted or won a major award in the connected transportation space.”
oneTRANSPORTTM is a two-year Innovate UK project, which involves a consortium of eleven partners including Arup, Buckinghamshire County Council, Clearview Intelligence, Hertfordshire County Council, Highways England, Imperial College London, Northamptonshire County Council, Oxfordshire County Council, Traak Systems, Worldsensing and InterDigital Europe. Through this, the technology utilized by this integrated transport initiative will assist transport authorities while laying the foundation for smarter multi-modal, multi-regional and multi-system transport networks in the United Kingdom.