WILMINGTON, DE and ROCKVILLE, MD -- InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and development company, today announced the acquisition of Hillcrest Labs, a pioneer in sensor processing technology. Terms of the transaction were not disclosed.

Hillcrest Labs was founded in 2001 by Dan Simpkins, a technology entrepreneur with a proven track record of success. The company has innovated in the area of Smart TV, and their Freespace® sensor processing technology has broadened to encompass virtual reality (VR) and augmented reality (AR) systems, gaming systems, wearable devices, smartphones, robotics and other categories. Hillcrest Labs has won significant industry recognition, including multiple CES Innovations Honoree awards and inclusion in PC World’s 100 Best Products.

“Hillcrest Labs is driving some of the foundational innovation in sensors and sensor fusion, a technology that is already important today, and poised to become pervasive in a broad range of consumer electronic products including smartphones, AR and VR systems, wearables, and service robots, among others,” said William J. Merritt, President and CEO of InterDigital. “Their customer base features some of the top electronics companies worldwide, and adding them to the InterDigital team broadens our offering for mobile devices and accelerates our technology footprint in markets that are adjacent to our existing position.”

“InterDigital is an excellent partner for Hillcrest Labs, providing us with the resources and scale necessary to drive our market penetration in our existing markets while also enhancing our ability to pursue exciting new segments where our technology can add value,” said Dan Simpkins, Founder, Chairman and CEO of Hillcrest Labs. “For more than a decade, Hillcrest Labs has been a technology pioneer and market leader and today’s announcement is the culmination of years of innovation and dedication from our remarkable team. InterDigital’s own track record as an innovator on the global technology stage is closely aligned with our vision and we look forward to working together.”

Hillcrest Labs’ customers have included electronics giants like LG, Lenovo, ZTE, Coolpad, LeEco, Sony and others. The company has also developed an intellectual property portfolio of more than 235 granted patents and pending applications. The Hillcrest Labs team of approximately 40 employees will remain based in Rockville, MD as part of the InterDigital team.

InterDigital Inc. (Nasdaq: IDCC)
Hillcrest Labs