WiLAN Subsidiary Acquires Automotive Patent Portfolio
April 01 2014 - 2:05PM
Marketwired
WiLAN Subsidiary Acquires Automotive Patent Portfolio
OTTAWA, CANADA--(Marketwired - Apr 1, 2014) - Wi-LAN Inc.
("WiLAN" or the "Company") (TSX:WIN)(NASDAQ:WILN) today announced
that a subsidiary has acquired a patent portfolio that relates to
technology used in automotive headlights.
"We are very pleased to have completed this acquisition," said
Jim Skippen, President & CEO. "This is our first acquisition in
the automotive market, a market in which we see significant
opportunity. Like the recent partnership with Panasonic, which
anchors our new semiconductor licensing program, our drive into the
automotive market continues our efforts to diversify and grow our
business."
The acquisition of this portfolio will be funded through a
sharing of net revenues generated by licensing the patents. All
other terms of the agreement 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 "we see significant
opportunity", "to diversify and grow", "will be", "generated by"
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.
For media & investor inquiries, please contact: Tyler
BurnsDirector, Investor RelationsO: 613-688-4330C:
613-697-0367tburns@wilan.comwww.wilan.com
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