WiLAN Acquires Automotive Portfolio and Provides More Information on Carrier License
April 10 2014 - 6:30AM
Marketwired
WiLAN Acquires Automotive Portfolio and Provides More Information
on Carrier License
OTTAWA, CANADA--(Marketwired - Apr 10, 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
automotive diagnostic technology. Although the terms of the
agreement are confidential, WiLAN can confirm that it does not
consider the purchase amount to be material relative to its current
cash position.
"This acquisition, our second in the automotive market,
strengthens our footprint in this market," said Jim Skippen,
President & CEO. "The portfolio is an example of the broad
range of technologies that are coming to WiLAN from many patent
owners who are actively seeking WiLAN's assistance in monetizing
their inventions through licensing partnerships or outright
acquisition by WiLAN."
On April 2, 2014, WiLAN issued a press release announcing that a
subsidiary of the Company had entered into a license agreement with
a wireless carrier in the United States for patents related to
wireless network management. WiLAN was restricted from revealing
the name of the wireless carrier or the amount paid to WiLAN under
the license. WiLAN confirms that this license is part of an
exciting new licensing program launched by WiLAN in 2013. The key
patents being licensed relate to security techniques used in
wireless networks throughout the world. These patents are a subset
of the global portfolio of patents and applications that WiLAN
acquired from Siemens AG related to telecommunication network
management and mobile multimedia in July 2012.
About WiLAN
WiLAN, founded in 1992, is a leading technology innovation and
licensing company. WiLAN has licensed its intellectual property to
over 280 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 be", "actively
seeking" 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
Quarterhill (NASDAQ:QTRH)
Historical Stock Chart
From Mar 2024 to Apr 2024
Quarterhill (NASDAQ:QTRH)
Historical Stock Chart
From Apr 2023 to Apr 2024