Adeia enters into license renewal with Mitsubishi Electric

Adeia (ADEA) announced that Mitsubishi Electric (MIELY), the Japanese multinational electronic and electrical equipment manufacturing company, has agreed to renew its license for access to Adeia’s media intellectual property portfolio. This license covers connected TVs produced by Mitsubishi for distribution to businesses and consumers in the Japanese market. “Mitsubishi has maintained a leadership position in Japan’s consumer electronics industry for over a century,” said Dr. Mark Kokes, Adeia’s chief licensing officer and general manager of media. “Adeia’s licensing agreement with Mitsubishi underscores the strength of our media IP portfolio in Japan’s vibrant and constantly evolving market.”