InterDigital, Inc. (NASDAQ: IDCC) shares fell back Thursday. The company, a mobile, video and AI technology research and development concern, was awarded a contract by the U.S. Department of War (DoW) to lead research and conduct demonstrations of advanced spectrum coexistence for civil and military applications.
The InterDigital-led team, which includes industry partners DeepSig and Skylark Wireless, will collaborate to develop and validate innovative spectrum coexistence technologies using the latest advancements in AI, sensing, and commercial 5G systems.
Spectrum is a limited and valuable resource, and both defense radar systems and commercial wireless networks rely heavily on mid-band frequencies that offer an optimal balance of spectrum coverage and capacity. Improving dynamic spectrum sharing performance ensures that incumbent radar systems underpinning national security can operate reliably, while enabling commercial 5G and future communication technologies to coexist in the same frequency bands.
“InterDigital’s heritage of research has produced innovations that make it possible for radar and communications to coexist in ways that were not feasible,” said InterDigital CTO Rajesh Pankaj.
“Building on our groundbreaking work in sensing and AI integration, we can foster greater collaboration between government and industry to achieve more efficient sharing of one of our most valuable resources. We look forward to working with the DoW and alongside these esteemed partners and suppliers.”
IDCC shares opened Thursday lower 32 cents to $350.11.
