WiLAN and Hon Hai Settle All Litigations
February 24 2014 - 6:30AM
Marketwired
WiLAN and Hon Hai Settle All Litigations
OTTAWA, CANADA--(Marketwired - Feb 24, 2014) - Wi-LAN Inc.
("WiLAN" or the "Company") (TSX:WIN)(NASDAQ:WILN) today announced
that Hon Hai Precision Industry Co. Ltd. ("Hon Hai") and WiLAN have
reached an agreement to dismiss all pending litigations between the
companies.
Payment and other terms of the agreement reached are
confidential.
About WiLAN
WiLAN, founded in 1992, is a leading technology innovation and
licensing company. WiLAN has licensed its intellectual property to
over 275 companies worldwide. Inventions in our portfolio have been
licensed by companies that manufacture or sell a wide range of
communication and consumer electronics products including 3G and 4G
handsets, Wi-Fi-enabled laptops, Wi-Fi and broadband routers, xDSL
infrastructure equipment, cellular base stations and digital TV
receivers. WiLAN has a large and growing portfolio of more than
4,000 issued or pending patents. For more information:
www.wilan.com.
Forward-looking Information
This news release contains forward-looking statements and
forward-looking information within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995 and other United States
and Canadian securities laws. The phrases "to dismiss" and similar
terms and phrases are intended to identify these forward-looking
statements. Forward-looking statements and forward-looking
information are based on estimates and assumptions made by WiLAN in
light of its experience and its perception of historical trends,
current conditions and expected future developments, as well as
other factors that WiLAN believes are appropriate in the
circumstances. Many factors could cause WiLAN's actual performance
or achievements to differ materially from those expressed or
implied by the forward-looking statements or forward-looking
information. Such factors include, without limitation, the risks
described in WiLAN's February 3, 2014 annual information form for
the year ended December 31, 2013 (the "AIF"). Copies of the AIF may
be obtained at www.sedar.com or www.sec.gov. WiLAN recommends that
readers review and consider all of these risk factors and notes
that readers should not place undue reliance on any of WiLAN's
forward-looking statements. WiLAN has no intention and undertakes
no obligation to update or revise any forward-looking statements or
forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
law.
All trademarks and brands mentioned in this release are the
property of their respective owners.
Tyler BurnsDirector, Investor RelationsO: 613-688-4330C:
613-697-0367tburns@wilan.comwww.wilan.com
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